Current Account in Ghana

Ghana Current Account | Economic News & Forecasts

Ghana - Current Account

Although the full picture is still unclear, available economic data signals that the pace of growth decelerated in recent months. The PMI deteriorated markedly through August from May’s eight-month high, suggesting that momentum in Ghanaian business conditions continued to lose steam due to lower output and slower growth in new orders. On the other hand, exports accelerated significantly in the second quarter amid robust global demand for gold and cocoa, the country’s top export commodities. In addition, import growth slipped in Q2 as the weak cedi and elevated inflation weighed on consumer demand for foreign goods. In mid-September, the government agreed to coordinate a price floors for cocoa farmers with neighboring Cote d’Ivoire, in an effort to better control supply in the global market. Meanwhile, on 14 September, S&P Global Ratings upgraded Ghana’s credit rating from 'B-' to 'B' citing improved monetary policy effectiveness and banking sector stability.

Ghana - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-12.6  -9.9  -7.8  -6.7  -4.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Ghana Current Account Chart

Ghana Current Account
Note: Current account balance as % of GDP.
Source: Bank of Ghana

Ghana Facts

Exchange Rate4.940.0 %Sep 24
Stock Market0.50.0 %Sep 21

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form