Ghana Economy Dashboard
Dashboard Overview
Comprehensive overview of Ghana's macroeconomic performance, featuring real-time tracking of GDP growth, inflation trends, exchange rate fluctuations, and other critical economic indicators to support data-driven analysis and policy dialogue.
GDP Growth
Inflation Rate
Exchange Rate
Unemployment
Policy Rate
Forex Reserves
GDP Growth Analysis
Quarterly economic performance broken down by major sectors (Agriculture, Industry, Services).
GDP Growth Rate
Quarterly growth by sector
Inflation & Exchange Rate Trends
Monitoring price stability and currency performance against key policy targets.
Inflation & Policy Rate
Monthly inflation vs Bank of Ghana policy rate
Exchange Rate (GHS/USD)
Monthly exchange rate trends
Fiscal Performance
Comprehensive analysis of Ghana's fiscal position including government revenue, expenditure, deficit trends, and public debt sustainability metrics (2021-2025).
Revenue vs Expenditure (% of GDP)
Annual government revenue and expenditure trends showing fiscal consolidation progress
Source: IMF Country Reports, Ministry of Finance (Updated: Feb 2026)
Quarterly Fiscal Balance
Quarterly revenue and expenditure performance (2023-2025)
Source: Ministry of Finance, Bank of Ghana
Public Debt Trajectory (% of GDP)
Total public debt showing impact of DDEP and debt restructuring
Current Debt (2024)
61.8% of GDP
↓ 23.1pp from 2023 peak
2025 Target
58.0% of GDP
IMF program target
Source: Ministry of Finance, IMF Staff Reports
Key Fiscal Insights
Fiscal Consolidation Progress: Deficit narrowed from 13.9% (2021) to projected 2.8% (2025), demonstrating strong commitment to IMF program targets.
Debt Restructuring Impact: Public debt fell from 92.4% (2022) to 61.8% (2024) following successful DDEP and Eurobond restructuring.
Revenue Challenge: Revenue-to-GDP ratio declined to 15.9% (2024), below historical average, requiring enhanced tax administration and compliance measures.
External Sector Performance
Analysis of Ghana's external sector including trade balance, foreign exchange reserves, and current account position (2023-2025).
Monthly Trade Balance (2024)
Exports vs imports showing strong trade surplus performance
December 2024 Trade Surplus
$3.9 Billion
Exports: $5.1B | Imports: $1.2B
Source: Ghana Statistical Service, Bank of Ghana (Updated: Feb 2026)
Foreign Exchange Reserves
Gross international reserves and import coverage (2023-2025)
Current Reserves (Q1 2025)
$5.4 Billion
↓ from $7.5B peak (Q3 2024)
Import Coverage
3.0 Months
Above 2.5-month minimum threshold
Source: Bank of Ghana, IMF
Current Account Balance (% of GDP)
Current account components showing transition to surplus
Source: Bank of Ghana, IMF Balance of Payments Statistics
Key External Sector Insights
Historic Trade Surplus: Ghana achieved a remarkable $3.9 billion trade surplus in December 2024, driven by strong export performance in gold, cocoa, and oil.
Current Account Turnaround: Shifted from -3.4% deficit (2021) to +1.1% surplus (2024), reflecting improved external competitiveness and export diversification.
Reserves Adequacy: Forex reserves at $5.4B (3.0 months of imports) meet minimum adequacy thresholds, though below 2024 peak of $7.5B.
Labor Market Indicators
Analysis of Ghana's labor market performance including unemployment rates, sectoral employment distribution, and labor force participation (2024-2025).
Unemployment Rate Trends
Quarterly unemployment rates by age group (2024-2025)
Total Unemployment (Q3 2025)
13.0%
2025 Average: 12.8%
Youth Unemployment
18.3%
Ages 15-24
Adult Unemployment
10.6%
Ages 25+
Source: Ghana Statistical Service Labour Statistics Report (Updated: Feb 2026)
Employment Distribution by Sector
Sectoral breakdown of employed workforce (millions)
Agriculture
35%
Services
42.5%
Industry
22.5%
Source: Ghana Statistical Service
Labor Force Participation Rate
Trends in labor force participation and employment (2021-2025)
Source: Ghana Statistical Service, World Bank
Key Labor Market Insights
Youth Unemployment Challenge: Youth unemployment (18.3%) remains significantly higher than adult unemployment (10.6%), highlighting the need for targeted youth employment programs.
Sectoral Distribution: Services sector dominates employment (42.5%), followed by agriculture (35.0%) and industry (22.5%), reflecting Ghana's economic structure.
Rising Participation: Labor force participation increased from 68.5% (2021) to 70.5% (2025), indicating growing workforce engagement.
Monetary Policy & Financial Sector
Analysis of Bank of Ghana's monetary policy stance, money supply growth, and credit conditions (2023-2025).
Policy Rate vs Inflation
Monetary Policy Committee rate decisions and real interest rate trends
Current Policy Rate
15.5%
↓ down 1,450bps from peak
Inflation (Q1 2025)
18.4%
↓ from 52.2% (Q1 2023)
Real Interest Rate
+7.6%
Positive since Q4 2023
Source: Bank of Ghana Monetary Policy Committee (Updated: Feb 2026)
Money Supply & Credit Growth
Annual growth rates of M2+ money supply and credit to private sector
Source: Bank of Ghana
Credit to Private Sector
Total credit outstanding and credit-to-GDP ratio (2023-2024)
Source: Bank of Ghana
Key Monetary Policy Insights
Monetary Easing: BoG has cut the policy rate to 15.5% in early 2026, following a steady decline in inflation and improved macroeconomic stability.
Positive Real Rates: Real interest rates turned positive in Q4 2023 (+6.8%) and remain positive, supporting savings and currency stability.
Credit Expansion: Private sector credit grew from GHS 45.2B (Q1 2023) to GHS 56.5B (Q4 2024), with credit-to-GDP ratio rising to 23.6%.
Key Economic Insights
GDP Growth: Ghana's economy is showing positive growth at 5.5%, driven by the services and agriculture sectors.
Inflation: Current inflation rate of 3.8% remains within the Bank of Ghana's target range of 6-10%.
Exchange Rate: The cedi is trading at GH₵ 10.99 per USD, reflecting ongoing currency pressures.