Public Debt in Ghana
Ghana - Public Debt
Growth likely slowed in Q1 compared to Q4 2021, with the private-sector PMI slipping on average into contractionary territory and inflation rising to multi-year high levels. Turning to Q2, economic output should be slowing further. April and May’s PMIs moved deeper into contractionary territory amid steeper declines in output and new orders. This was chiefly driven by shortages of key inputs and a continued rise in inflation, which reached an 18-year high in May. Moreover, tighter monetary policy could be affecting investment growth, while the 2021–2022 cocoa crop fell by over 20% from the prior year. More positively, higher prices for key export commodities such as gold and oil will be supporting activity somewhat. In other news, in mid-June Ghana reportedly secured USD 1 billion from international lenders, which should aid the fiscal position.Ghana - Public Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 55.1 | 57.3 | 57.2 | 59.1 | - |
Ghana Public Debt Chart
Source: IMF
Ghana Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 5.70 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Dec 31 |
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Economic News
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Ghana: Inflation comes in at highest level since November 2003 in July
August 10, 2022
Consumer prices rose a seasonally-adjusted 3.15% in July over the previous month, picking up from the 3.02% rise recorded in June.
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Ghana: Inflation comes in at highest level since December 2003 in June
July 13, 2022
Consumer prices rose a seasonally-adjusted 3.02% from the previous month in June, moderating from the 4.03% increase logged in May.
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Ghana: PMI rises in June
July 5, 2022
The S&P Purchasing Managers’ Index (PMI) rose to 48.5 in June from May's 47.4.
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Ghana: GDP growth records slowest increase since Q3 2020 in Q1
June 22, 2022
GDP growth slowed markedly to 3.3% year on year in the first quarter, from 7.0% in the fourth quarter of last year.
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Ghana: PMI deteriorates in May
June 3, 2022
The S&P Global Purchasing Managers’ Index (PMI) came in at 47.4 in May, down from April's 48.3.
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