Fiscal Balance in Ghana

Ghana Fiscal Balance | Economic News & Forecasts

Ghana - Fiscal Balance

The economy appears to have ended last year on a healthy note against the backdrop of upbeat domestic demand. Moderating inflation likely propelled consumer demand, propping up household consumption growth in Q4. Merchandise exports, however, contracted in November, mostly reflecting slowing global growth and sustained trade tensions. Looking ahead, the momentum seems to have largely carried over into Q1 2019. The PMI remained in positive territory in February, signaling a sustained improvement in Ghana’s private sector amid upbeat consumer demand, which seemingly benefited from the policy rate cut at the end of January. Meanwhile, the country is set to exit the IMF’s USD 1.0 billion extended credit facility on 3 April, which will test the government’s financial discipline and appetite for further reforms.

Ghana - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-11.1  -10.1  -6.9  -8.7  -5.9  

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Note: General government balance as % of GDP
Source: IMF

Ghana Facts

Exchange Rate5.240.0 %Mar 20
Stock Market0.10.0 %Mar 20

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