Current Account in Ghana

Ghana Current Account | Economic News & Forecasts

Ghana - Current Account

Available 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

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

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Ghana Current Account Chart

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

Ghana Facts

Exchange Rate4.810.0 %Jul 13
Stock Market0.60.0 %Jul 09

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