Ghana's GDP growth is estimated at 5.0 percent in 2021, up from 0.4 percent in 2020. The low food inflation rate, which accounts for 47.7 percent of total inflation, accounts for the slowdown in inflation from 9.9 percent in 2020 to 10.0 percent in 2021. The current account deficit is estimated to narrow to 2.1 percent of GDP in 2021 from 3.1 percent of GDP in 2020. Foreign exchange reserves increase in 2021 to USD 9.7 billion, or four months of import cover. The depreciation of the Ghanaian cedi against the dollar increased in 2021, falling by 4.1 percent compared to 3.9 percent in 2020. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
The Ghana Stock Exchange (GSE) has 36 listed companies, representing a market capitalization of $6.4 billion at the end of 2022. Foreign direct investment flows to Ghana have recorded successive declines during the 2017-2020 periods. It will reach $2,613.8 million in 2021 compared to $1,875.8 million in 2020, representing a growth of 39%.
