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The African Exponent DATA

Country

🇬🇭 Ghana

GH · GHS Ghanaian cedi · Compare Ghana →

Policy rate 14.00% Monetary Policy Rate · 18 Mar 2026
Headline inflation 5.00% Aug 2026
FX premium +3.59% market vs official
Latest T-bill 4.805% 91-day · 4 Sep 2026

Tier 1 · Markets

The Market Now

Series Per US$1 As of Source
Official 11.62 25 Sep 2026, 00:00 UTC BoG
Marketparallel 12.04 26 Sep 2026, 23:10 UTC Bybit P2P
Premium +3.59% — market vs official

Official rate, 10-year annual average (World Bank)

2.88.41420142017202020232025

Premium history · since Aug 2026 · our collectors

1.9%4.5%7%Aug 2026Sep 2026

Download CSV — FX history · Download CSV — official rate, annual

Tier 2 · Policy & Prices

Policy & Prices

Policy rate

Instrument Rate Effective Source
Bank of Ghana Monetary Policy Rate 14.00% 18 Mar 2026 Bank of Ghana

As of 12 Sep 2026, 01:31 UTC

Inflation

Series YoY Period Source
Headline 5.00% Aug 2026 Source

Food and core inflation are not on the GSS homepage series; they may unlock when the full CPI PDF is reachable.

As of 12 Sep 2026, 19:49 UTC

Download CSV — headline

Yield curve

weighted avg BoG

91-day 4.805% 4 Sep 2026
182-day 6.6831% 4 Sep 2026
364-day 10.1169% 4 Sep 2026

Steep — 364-day above 91-day.

Download CSV — auction history

Sovereign credit ratings

Fitch B Positive Upgraded 8 May 2026 As of 8 May 2026 Source
Moody's Caa1 Positive Outlook raised 10 Apr 2026 As of 10 Apr 2026 Source
S&P B- Stable Affirmed 27 Mar 2026 As of 27 Mar 2026 Source

Stock market

not yet covered

GSE Composite

Tier 3 · Structure

Structure & trajectory

Annual indicators, latest available year on each card · Sources: World Bank / UN / IMF WEO Oct 2025 / V-Dem / EIA

19 of 26 indicators improving improving

Rule: for each metric with at least two observations, direction is the sign of (latest − earliest). Child mortality, $3/day poverty, national poverty, debt service, debt-to-GDP, and the Gini index are inverted (a decline is improvement). Overall: improving if ≥60% of those metrics improved, mixed if 40–60%, worsening if <40%.

Population

35.1M · 2025

28M31.5M35M201520172019202120232025

↑ 7M since 2014

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GDP per capita (PPP)

$8,610 · 2025

$5,000$6,800$8,600201520172019202120232025

↑ $3,093 since 2014

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GDP per capita growth

4% · 2025

-2%0%6%201520172019202120232025

↑ 3.6 pts since 2014

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Life expectancy

65.7 years · 2024

626466201420162018202020222024

↑ 2.9 years since 2014

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Child mortality

35.9 per 1,000 · 2024

354555201420162018202020222024

↓ 19 since 2014

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Internet users

72.2% · 2024

19%45.5%72%201420162018202020222024

↑ 53.2 pts since 2014

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Manufacturing share of GDP

10.1% · 2025

10%10.5%11%201520172019202120232025

↓ 0.9 pts since 2014

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Electricity access

91.9% · 2024

74%83%92%201420162018202020222024

↑ 13.6 pts since 2014

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Adult literacy

76.5% · 2021

60%68%76%2015201720192021

↑ 16.3 pts since 2015

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Debt service / exports

9.4% · 2024

7.3%21.6%36%201420162018202020222024

↓ 7.3 pts since 2014

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Exports of goods and services

$41.3B · 2025

$16B$28.5B$41B201520172019202120232025

↑ $26B since 2014

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GDP growth

6% · 2025

0.5%4.3%8.1%201520172019202120232025

↑ 3.1 pts since 2014

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GDP

$114.2B · 2025

$49B$79.5B$110B201520172019202120232025

↑ $59.5B since 2014

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Unemployment

3% · 2025

2.8%4.8%6.8%201520172019202120232025

↓ 1.4 pts since 2014

ILO modeled estimate — national definitions differ

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FDI inflows

$1.9B · 2025

$1.3B$2.6B$3.9B201520172019202120232025

↓ $1.5B since 2014

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Remittances

$2.4B · 2025

$1.9B$3.5B$5B201520172019202120232025

↑ $415.1M since 2014

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External debt

$37.4B · 2024

$28B$37.5B$47B201420162018202020222024

↑ $8.9B since 2014

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Agriculture share of GDP

21.3% · 2025

17%19%21%201520172019202120232025

↑ 1.7 pts since 2014

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Services share of GDP

42.9% · 2025

40%42.5%45%201520172019202120232025

↑ 5.5 pts since 2014

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Investment rate

9.7% · 2024

9.7%18.4%27%201420162018202020222024

↓ 16.7 pts since 2014

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Terms of trade

148.80 · 2024

94.00122.00150.00201420162018202020222024

↑ 41.70 since 2014

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FX reserves

$4.5B · 2024

$3.6B$6.8B$9.9B201420162018202020222024

↓ $1.1B since 2014

includes gold

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Lending rate

not available

Deposit rate

11.4% · 2023

11%12.5%14%2014201820202023

↓ 1.5 pts since 2014

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Health expenditure

2.9% · 2023

2.4%3.5%4.5%2014201820202023

↓ 1.1 pts since 2014

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Physicians

0.3 per 1,000 · 2023

0.10.20.32014201820202023

↑ 0.2 since 2014

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Tertiary enrollment

21.3% · 2024

15%18.5%22%201420162018202020222024

↑ 6.2 pts since 2014

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Tourist arrivals

897,000 · 2015

820,000860,000900,00020142015

↑ 72,000 since 2014

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Account ownership

81.2% · 2024

40%60.5%81%201420162018202020222024

↑ 40.7 pts since 2014

Findex · every 3–4 years

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Exports per capita derived

$1,178 · 2025

$570$885$1,200201520172019202120232025

↑ $633.77 since 2014

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Median age

20.9 years · 2023

1920212014201820202023

↑ 1.3 years since 2014

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Government revenue / GDP

16.8% · 2026

13%15%17%201620182020202220242026

↑ 3.6 pts since 2014

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Debt to GDP

53% · 2026

48%70.5%93%20142017202020232026

↑ 2.9 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Gross debt (national currency)

GH¢846.1B · 2026

GH¢79BGH¢464.5BGH¢850B20142017202020232026

↑ GH¢766.6B since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Current account / GDP

10.1% · 2026

-7%0%11%20142017202020232026

↑ 16.8 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Budget balance / GDP

-2.3% · 2026

-18%-9.7%-1.3%20142017202020232026

↑ 5.6 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Electoral democracy

0.71 · 2025

0.650.690.74201520172019202120232025

↓ 0.04 since 2014

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Trade profile

Exports

$41.3B · 2025

$15B$28B$41B20142017202020232025

↑ $26B since 2014

Imports

$32.1B · 2025

$19B$25.5B$32B20142017202020232025

↑ $12.8B since 2014

Balance derived

$9.2B · 2025

$-4.3B$0$9.2B20142017202020232025

↑ $13.2B since 2014

Top exports · 2025

Products

  1. Pearls, precious stones and metals $20.2B · 63.1%
  2. Cocoa and cocoa preparations $4.5B · 14.0%
  3. Mineral fuels $2.8B · 8.8%
  4. Edible fruit and nuts $779.3M · 2.4%
  5. Plastics $544.8M · 1.7%
  6. Iron and steel $392.6M · 1.2%
  7. Ores, slag and ash $380.5M · 1.2%
  8. Animal or vegetable fats and oils $261.6M · 0.8%
  9. Oil seeds and oleaginous fruits $205.5M · 0.6%
  10. Preparations of meat or fish $191.1M · 0.6%

Partners

  1. United Arab Emirates $8.3B · 25.9%
  2. India $5.1B · 16.0%
  3. M49 757 $4.5B · 14.2%
  4. South Africa $3.3B · 10.3%
  5. China $1.6B · 4.9%
  6. Netherlands $1.4B · 4.5%
  7. United States $1B · 3.3%
  8. Burkina Faso $941.1M · 2.9%
  9. Belgium $412.3M · 1.3%
  10. France $344.1M · 1.1%

Top imports · 2025

Products

  1. Mineral fuels $5.2B · 25.7%
  2. Vehicles other than railway $3.1B · 15.4%
  3. Machinery and mechanical appliances $2.1B · 10.6%
  4. Plastics $829.3M · 4.1%
  5. Iron and steel $806.8M · 4.0%
  6. Electrical machinery and equipment $668.1M · 3.3%
  7. Salt, earths, stone, cement $525.1M · 2.6%
  8. Miscellaneous chemical products $438.7M · 2.2%
  9. Articles of iron or steel $434M · 2.2%
  10. Cereals $383.2M · 1.9%

Partners

  1. China $4.6B · 22.7%
  2. United States $1.4B · 7.0%
  3. India $1.4B · 6.8%
  4. United Arab Emirates $1.2B · 6.0%
  5. Belgium $1B · 5.0%
  6. Netherlands $908.1M · 4.5%
  7. Nigeria $906.1M · 4.5%
  8. United Kingdom $515.9M · 2.6%
  9. Russia $461.7M · 2.3%
  10. Canada $436.3M · 2.2%

2025 filings are still arriving — this page updates as each country reports

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