Fiscal Balance in Ghana

Ghana Fiscal Balance | Economic News & Forecasts

Ghana - Fiscal Balance

A preliminary estimate revealed that economic activity decelerated more than expected in the second quarter. Notably, the industrial sector expanded at the slowest pace in three years amid contracting construction activity and weaker oil output, while easing activity in the services sector further weighed on the overall expansion. Turning to the third quarter, growth is likely to have picked up. Business activity likely gained traction as the manufacturing PMI averaged slightly higher in Q3 than in Q2, propped up by sustained output growth and a solid pace of job creation. In addition, faster merchandise exports growth in July–August, coupled with falling merchandise imports in the same period, hint that the external sector strengthened in Q3. Meanwhile, a 8.4% hike in cocoa farmgate prices announced in early October should further support economic activity in the fourth quarter.

Ghana - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.8  -7.4  -5.3  -6.9  -5.0  

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

Ghana Facts

ValueChangeDate
Exchange Rate5.480.0 %Sep 04
Stock Market0.10.0 %Sep 04

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