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Laboratoire de la finance africaine

Ghana

Preview 2018
Projected Real GDP Growth (% Change) : 7.1
GDP (current, USD Bn) : 65.60
Projected Consumer Prices (% Change) : 9.5
Country Population : 29.8 million
Market Capitalization : 13 billion$
Number of Listed Companies : 43
Sociétés Cotées à Ghana Stock Exchange
Economic performance and outlook

Ghana’s economy continued to expand in 2019, with real GDP growth estimated at 7.1%. High growth momentum since 2017 has consistently placed Ghana among Africa’s 10 fastest-growing economies. Improvements in the macroeconomic environment were accompanied by expansion in domestic demand due to increased private consumption. The industrial sector, with average annual growth exceeding 10%, was a major driver of growth in the three years to 2019. Agriculture will continue to be the second fastest-growing sector in the economy, but a financial sector clean-up that started in 2017 placed a temporary drag on growth of services.

 (Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

At the end of 2019, the banking sector of Ghana represented a total asset of $ 20.5 billion.

At 2017, credit distributed to businesses represents $6.4 billion and, more broadly, credit to private sector totaling $8.7 billion.

The Ghana Stock Exchange has 43 listed companies, representing, at the end of 2017, a market capitalization of $ 13 billion.

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