Current Account in Ghana
Ghana - Current AccountAvailable economic indicators suggest that the economy continued firing on all cylinders at the beginning of the year, following an especially strong performance in 2017, when GDP growth reached a five-year high. Positive PMI readings in the January–May period signal a sustained improvement in business conditions, with the reading in May surging to an eight-month high. Meanwhile, easing inflationary pressures and a softening monetary policy stance likely fueled domestic demand growth in the period. However, the external sector continued to show signs of weakness in Q1; after decelerating for four consecutive months, export growth slipped into contractionary territory in March, while imports picked up pace in the same month. The weakening is likely related to cooling mining activity, which is weighing on the country’s industrial sector.
Ghana - Current Account Data
|Current Account (% of GDP)||-12.6||-9.9||-7.8||-6.7||-4.5|
5 years of economic forecasts for more than 30 economic indicators.
Ghana Current Account Chart
Source: Bank of Ghana
|Exchange Rate||4.81||0.0 %||Jul 13|
|Stock Market||0.6||0.0 %||Jul 09|
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July 12, 2018
Inflation creeped up again in June, coming in at 11.0% (May: 9.8%) and marking the second month of acceleration after reaching an over five-year low of 9.6% in April.
July 6, 2018
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) dropped to 52.7 points in June from 55.8 points in May, marking the lowest reading in five months.
June 27, 2018
A provisional estimate released by Ghana’s Statistical Service on 27 June shows that the economy kicked off 2018 on softer footing.
June 13, 2018
Consumer prices rose 1.0% over the previous month in May, edging up marginally from April’s 0.9% (previously reported: +1.1% month-on-month) increase.
June 5, 2018
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) surged to 55.8 points in May, up from 54.5 points in April.