Population: 26 million in 20131
GDP: $48 billion in 20132
GDP per capita: $1,858 nominal3 ($3,974 PPP4) in 2013
GDP growth rate: 7.6% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Agriculture, hunting, forestry, fishing | 9,363 | 25.3% |
Other activities | 9,358 | 25.3% |
Transport, storage and communication | 4,621 | 12.5% |
Wholesale, retail trade, restaurants and hotels | 4,160 | 11.3% |
Mining and utilities | 3,597 | 9.7% |
Construction | 3,304 | 8.9% |
Manufacturing | 2,541 | 6.9% |
Total value added | 36,943 | 100% |
Unemployment rate: 4.6% in 20137
Employment by Industry 20058
Employment sector | Percent of total |
Agriculture | 56% |
Services | 29% |
Industry | 15% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $14 billion (29% of GDP) in 201410
Household Wealth per Adult: $1,023 in 201410
Gini Coefficient: .428 in 201311
Central Government
Central Government Revenue: $11 billion (23% of GDP) in 201312
Central Government Expenditure: $15 billion (31% of GDP) in 201312
Central Government Budget Balance: -$4 billion (-8% of GDP) in 201312
Central Government Public Debt: $24 billion (50% of GDP) in Dec 2014* 13
Central Government 10 Year Bond Interest Rate: 8.25% in Sept 201414
* Public debt calculated using the exchange rate 3.37 GHS = 1 USD
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 201315
Corporate Tax Rate: 25% in 201416
Money Supply (M1): $4.1 billion (9% of GDP) in May 2014* 17
Benchmark Interest Rate: 21% in Nov 201418
Total Reserves: $6 billion (% of GDP) in 201319
Exchange Rate: 3.37 Ghanaian Cedi = 1 U.S. Dollar on Feb 4, 201520
Inflation: 11.6% in 201321
* Money supply calculated using the exchange rate 3.37 GHS = 1 USD
Top 10 Financial Institutions by Assets 201322
N/A (data not available at Relbanks.com)
Exports: $13 billion (27% of GDP) in 201323
Imports: $18 billion (37% of GDP) in 201323
Trade Balance: -$5 billion (-10% of GDP) in 201323
Foreign Direct Investment Inflow: $3.2 billion (7% of GDP) in 201324
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $1.8 billion (4% of GDP) in 201225
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: The Government of Ghana, Economic and Financial Policies for the Medium Term (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Bank of Ghana (Money supply) Go back
18. Source: Bank of Ghana, Policy Rate Trends (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back