Ghana Business Confidence Growth
2013 - 2025 | Monthly | % | CEIC Data
Key information about Ghana Business Confidence Growth
- Ghana Business Confidence grew 14.8 % in Oct 2025, compared with an increase of 17.0 % YoY in the previous month.
- Ghana Business Confidence: YoY Change is updated monthly, available from Dec 2013 to Oct 2025, with an averaged rate of 4.7 %.
- The data reached an all-high of 25.5 % in Apr 2021 and a record low of -24.0 % in Oct 2022.
CEIC calculates Business Confidence Change from monthly Business Confidence Index. The Bank of Ghana provides Business Confidence Index with base April 2003=100.
View Ghana's Business Confidence Growth from Dec 2013 to Oct 2025 in the chart:
What was Ghana's Business Confidence Growth in Oct 2025?
Ghana Business Confidence grew 14.8 % in Oct 2025, compared with an increase of 17.0 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 14.8 Oct 2025 | 17.0 Aug 2025 | -24.0 Oct 2022 | 25.5 Apr 2021 | % | monthly | Dec 2013 - Oct 2025 |
Business Confidence Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% Point) | 1.2 Sep 2025 | quarterly | Jun 2017 - Sep 2025 |
| Armenia (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Australia (% Point) | 1.0 Oct 2025 | monthly | Jul 2013 - Oct 2025 |
| Austria (% Point) | 8.0 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Belarus (% Point) | -9.6 Aug 2014 | monthly | Dec 2006 - Aug 2014 |
| Belgium (% Point) | 6.8 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Brazil (% Point) | -9.2 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Bulgaria (% Point) | -3.5 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Canada (% Point) | -7.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Chile (% Point) | -3.6 Oct 2025 | monthly | Nov 2004 - Oct 2025 |
| China (% Point) | -2.2 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Colombia (% Point) | 5.3 Oct 2025 | monthly | Jan 1981 - Oct 2025 |
| Croatia (% Point) | 5.6 Nov 2025 | monthly | May 2009 - Nov 2025 |
| Cyprus (% Point) | -18.5 Nov 2025 | monthly | May 2003 - Nov 2025 |
| Czech Republic (% Point) | 2.0 Nov 2025 | monthly | Mar 1994 - Nov 2025 |
| Denmark (% Point) | -20.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Ecuador (% Point) | 9.4 Oct 2025 | monthly | Feb 2011 - Oct 2025 |
| Estonia (% Point) | 1.4 Nov 2025 | monthly | May 2002 - Nov 2025 |
| European Union (% Point) | 0.9 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Finland (% Point) | 1.1 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| France (% Point) | 1.3 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Georgia (% Point) | 30.9 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Germany (% Point) | 8.0 Nov 2025 | monthly | Jan 1992 - Nov 2025 |
| Ghana (%) | 14.8 Oct 2025 | monthly | Dec 2013 - Oct 2025 |
| Greece (% Point) | -3.1 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Hong Kong SAR, China (% Point) | 1.0 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Hungary (% Point) | 1.8 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Iceland (% Point) | -30.5 Sep 2025 | quarterly | Dec 2003 - Sep 2025 |
| India (% Point) | 6.0 Dec 2025 | quarterly | Jun 2001 - Dec 2025 |
| Indonesia (% Point) | -0.4 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Israel (% Point) | 4.5 Oct 2025 | monthly | Jan 2016 - Oct 2025 |
| Italy (% Point) | 3.6 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| Japan (% Point) | -1.0 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Kazakhstan (% Point) | 1.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| South Korea (% Point) | 5.0 Dec 2025 | monthly | Feb 2004 - Dec 2025 |
| Latvia (% Point) | 2.1 Nov 2025 | monthly | Apr 1994 - Nov 2025 |
| Lithuania (% Point) | -2.3 Nov 2025 | monthly | Apr 2004 - Nov 2025 |
| Luxembourg (% Point) | -9.8 Nov 2025 | monthly | Jan 1986 - Nov 2025 |
| North Macedonia (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
| Malaysia (% Point) | 25.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Malta (% Point) | -10.1 Nov 2025 | monthly | Nov 2003 - Nov 2025 |
| Mauritius (% Point) | -9.1 Jun 2019 | quarterly | Mar 2011 - Jun 2019 |
| Mexico (% Point) | -7.0 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Mozambique (% Point) | 8.9 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| Netherlands (% Point) | 2.4 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| New Zealand (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| Nigeria (% Point) | 8.6 Nov 2025 | monthly | Jul 2015 - Nov 2025 |
| Norway (% Point) | 6.1 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
| Palestinian Territory (% Point) | 3.9 Oct 2025 | monthly | Apr 2014 - Oct 2025 |
| Peru (% Point) | 15.2 Nov 2025 | monthly | Apr 2003 - Nov 2025 |
| Philippines (% Point) | -16.0 Sep 2025 | quarterly | Jun 2002 - Sep 2025 |
| Poland (% Point) | 3.8 Nov 2025 | monthly | Jul 2006 - Nov 2025 |
| Portugal (% Point) | 4.5 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Qatar (% Point) | -3.6 Mar 2020 | quarterly | Jun 2015 - Mar 2020 |
| Romania (% Point) | -1.7 Nov 2025 | monthly | Jul 1992 - Nov 2025 |
| Russia (% Point) | -5.0 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Serbia (% Point) | -0.2 Nov 2025 | monthly | May 2014 - Nov 2025 |
| Singapore (% Point) | -1.6 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Slovakia (% Point) | -7.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Slovenia (% Point) | 3.2 Nov 2025 | monthly | May 1996 - Nov 2025 |
| South Africa (% Point) | -11.6 Nov 2025 | monthly | Sep 2000 - Nov 2025 |
| Spain (% Point) | 2.0 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Sri Lanka (% Point) | 5.8 Oct 2025 | monthly | May 2016 - Oct 2025 |
| Sweden (% Point) | 4.2 Oct 2025 | monthly | Nov 1995 - Oct 2025 |
| Switzerland (% Point) | -2.0 Oct 2025 | monthly | Jan 1996 - Oct 2025 |
| Taiwan (% Point) | -3.2 Mar 2018 | monthly | May 2013 - Mar 2018 |
| Thailand (% Point) | 1.4 Nov 2025 | monthly | Feb 2000 - Nov 2025 |
| Turkey (% Point) | -0.2 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Ukraine (% Point) | 3.6 Sep 2025 | quarterly | Sep 2013 - Sep 2025 |
| United Kingdom (% Point) | 8.4 Dec 2020 | monthly | Jan 1986 - Dec 2020 |
| United States (% Point) | 3.6 Oct 2025 | monthly | Jan 1949 - Oct 2025 |
| Uruguay (% Point) | -6.8 Oct 2025 | monthly | Oct 1999 - Oct 2025 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doGhana Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.5 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Consolidated Fiscal Balance (USD mn) | -386.239 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue (USD mn) | 1,324.882 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue: % of GDP (%) | 15.1 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Government Debt: % of GDP (%) | 61.8 2024 | yearly | 2006 - 2024 |
| Forecast: Government Expenditure (GHS bn) | 515.173 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (GHS bn) | 1,249.811 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (GHS bn) | 449.164 2030 | yearly | 1982 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 49.0 Aug 2025 | monthly | Mar 2005 - Aug 2025 |
| Total Exports (USD mn) | 1,909.0 Aug 2025 | monthly | Jan 2010 - Aug 2025 |
| Total Exports Growth (%) | 9.9 Aug 2025 | monthly | Jan 2011 - Aug 2025 |
| Aluminum: Exports (USD th) | 89,599.170 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 14,051.656 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 627.649 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,859.9 Aug 2025 | monthly | Mar 2005 - Aug 2025 |
| Total Imports Growth (%) | 53.5 Aug 2025 | monthly | Mar 2006 - Aug 2025 |
| Imports: Medicament (USD th) | 219,248.874 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 133,353.690 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 29.675 Aug 2025 | monthly | Feb 1985 - Aug 2025 |
| Total Imports from USA (USD mn) | 136.208 Aug 2025 | monthly | Jun 1995 - Aug 2025 |
| Total Exports to China (USD mn) | 37.620 Aug 2025 | monthly | May 1995 - Aug 2025 |
| Total Imports from China (USD mn) | 330.343 Aug 2025 | monthly | Jun 1986 - Aug 2025 |
| Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -10.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Current Account Balance (USD mn) | 239.0 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 4.4 Jun 2025 | quarterly | Mar 2006 - Jun 2025 |
| Foreign Direct Investment (USD mn) | 524.9 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Direct Investment: % of GDP (%) | 2.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment (USD mn) | -61.216 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.2 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -53.3 2024 | yearly | 1975 - 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -49.184 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| External Debt (USD mn) | 29,110.3 Jun 2025 | monthly | Jan 2012 - Jun 2025 |
| External Debt: % of GDP (%) | 34.4 2024 | yearly | 1999 - 2024 |
| Forecast: Current Account Balance (USD bn) | 0.197 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -27,118.991 2024 | yearly | 2006 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 19.5 Oct 2025 | monthly | Dec 2005 - Oct 2025 |
| Non-Performing Loans (USD mn) | 2,008.748 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Money Supply M1 (USD mn) | 16,642.008 Jun 2025 | quarterly | Mar 1990 - Jun 2025 |
| Money Supply M2 (USD mn) | 25,721.726 Jun 2025 | quarterly | Mar 1990 - Jun 2025 |
| M2 Growth (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.623 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.4 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
| Gold Reserves (Metric Ton) | 1,000.000 2024 | yearly | 2008 - 2024 |
| Total Deposits (USD mn) | 24,675.872 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Total Deposits Growth (%) | 8.5 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Domestic Credit (USD mn) | 22,480.6 May 2025 | monthly | Jan 1967 - May 2025 |
| Domestic Credit Growth (%) | -9.1 May 2025 | monthly | Jan 1968 - May 2025 |
| Total Loans (USD mn) | 8,145.191 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Total Loans Growth (%) | 10.52 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 6.78 Mar 2025 | quarterly | Dec 2006 - Mar 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 14.8 Oct 2025 | monthly | Dec 2013 - Oct 2025 |
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