Ghana Consolidated Fiscal Balance: % of GDP

2008 - 2020 | Quarterly | % | CEIC Data

Key information about Ghana's Consolidated Fiscal Balance: % of GDP

  • Ghana Consolidated Fiscal Balance recorded a deficit equal to 6.6 % of its Nominal GDP in Jun 2020, compared with a deficit equal to 5.3 % in the previous quarter.
  • Ghana Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2008 to Jun 2020, with an average ratio of -4.9 %.
  • The data reached an all-time high of -0.0 % in Sep 2011 and a record low of -8.2 % in Dec 2016.

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance and Economic Planning provides Consolidated Fiscal Balance in local currency. Ghana Statistical Service provides Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP covers Central Government only. Nominal GDP prior to Q4 2013 is based on SNA 1993.
  • Ghana Nominal GDP reached 17.8 USD bn in Dec 2020.
  • View Ghana's Consolidated Fiscal Balance: % of GDP from Dec 2008 to Jun 2020 in the chart:

    Ghana Consolidated Fiscal Balance: % of GDP

    What was Ghana's Consolidated Fiscal Balance: % of GDP in Jun 2020?

    Ghana Consolidated Fiscal Balance recorded a deficit equal to 6.6 % of its Nominal GDP in Jun 2020, compared with a deficit equal to 5.3 % in the previous quarter. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    -6.6 Jun 2020 -5.3 Mar 2020 -8.2 Dec 2016 -0.0 Sep 2011 % quarterly Dec 2008 - Jun 2020

    Consolidated Fiscal Balance: % of GDP by Country Comparison

    Buy Selected Data

    Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
    country/region Last Frequency Range
    Albania (%) -6.8 2020 yearly 1997 - 2020
    Algeria (%) -7.4 2018 yearly 1994 - 2018
    Argentina (%) -8.5 Dec 2020 quarterly Dec 2004 - Dec 2020
    Armenia (%) -5.1 Dec 2020 quarterly Dec 2002 - Dec 2020
    Australia (%) -13.6 Dec 2020 quarterly Jun 2003 - Dec 2020
    Austria (%) -8.9 Dec 2020 quarterly Dec 2001 - Dec 2020
    Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
    Bahrain (%) -5.0 2014 yearly 1998 - 2014
    Bangladesh (%) -5.4 2020 yearly 2006 - 2020
    Belarus (%) -1.8 Dec 2020 quarterly Sep 2006 - Dec 2020
    Belgium (%) -9.1 2020 yearly 1970 - 2020
    Bolivia (%) -6.0 2018 yearly 1990 - 2018
    Bosnia and Herzegovina (%) -1.7 Sep 2020 quarterly Dec 2008 - Sep 2020
    Botswana (%) -10.7 Dec 2020 quarterly Mar 2004 - Dec 2020
    Brazil (%) -13.4 Mar 2021 quarterly Dec 1997 - Mar 2021
    Brunei (%) -5.0 2019 yearly 2010 - 2019
    Bulgaria (%) -3.0 Dec 2020 quarterly Sep 2003 - Dec 2020
    Cambodia (%) -4.1 2020 yearly 2007 - 2020
    Canada (%) -11.7 Dec 2020 quarterly Jun 1993 - Dec 2020
    Chile (%) -7.1 2020 yearly 1990 - 2020
    China (%) -5.8 Mar 2021 quarterly Dec 1995 - Mar 2021
    Colombia (%) -5.8 Sep 2020 quarterly Dec 2000 - Sep 2020
    Croatia (%) 0.4 2019 yearly 2002 - 2019
    Cyprus (%) -5.7 Dec 2020 quarterly Dec 1995 - Dec 2020
    Czech Republic (%) -6.2 Dec 2020 quarterly Dec 1999 - Dec 2020
    Denmark (%) -1.1 Dec 2020 quarterly Dec 1999 - Dec 2020
    Ecuador (%) -6.0 Dec 2020 quarterly Dec 2000 - Dec 2020
    Estonia (%) -4.8 Dec 2020 quarterly Dec 2000 - Dec 2020
    European Union (%) -6.9 2020 yearly 1995 - 2020
    Finland (%) -5.4 Dec 2020 quarterly Dec 1999 - Dec 2020
    France (%) -9.3 Dec 2020 quarterly Dec 1949 - Dec 2020
    Georgia (%) -9.3 Dec 2020 quarterly Dec 2006 - Dec 2020
    Germany (%) -4.2 Dec 2020 quarterly Dec 1991 - Dec 2020
    Ghana (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
    Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
    Hong Kong SAR, China (%) -8.5 Dec 2020 quarterly Sep 1999 - Dec 2020
    Hungary (%) -8.1 Dec 2020 quarterly Dec 1999 - Dec 2020
    Iceland (%) -1.1 Dec 2020 quarterly Mar 2004 - Dec 2020
    India (%) -6.0 Dec 2020 quarterly Mar 2005 - Dec 2020
    Indonesia (%) -6.2 Dec 2020 quarterly Dec 2014 - Dec 2020
    Iran (%) -4.9 Mar 2019 quarterly Mar 2006 - Mar 2019
    Ireland (%) -5.0 Dec 2020 quarterly Dec 2000 - Dec 2020
    Israel (%) -11.5 Dec 2020 quarterly Dec 1999 - Dec 2020
    Italy (%) -8.6 Dec 2020 quarterly Dec 1999 - Dec 2020
    Ivory Coast (%) -3.0 2018 yearly 1960 - 2018
    Japan (%) -7.8 2022 yearly 1996 - 2022
    Jordan (%) 1.0 2018 yearly 1999 - 2018
    Kazakhstan (%) -3.7 Dec 2020 quarterly Dec 2008 - Dec 2020
    Kenya (%) -2.7 Sep 2020 quarterly Dec 2009 - Sep 2020
    South Korea (%) -3.7 Dec 2020 quarterly Jun 2000 - Dec 2020
    Kosovo (%) -7.1 Dec 2020 quarterly Dec 2010 - Dec 2020
    Kuwait (%) -9.6 2019 yearly 1988 - 2019
    Kyrgyzstan (%) -1.9 Jan 2021 monthly Jan 2007 - Jan 2021
    Laos (%) -5.2 2020 yearly 2012 - 2020
    Latvia (%) -3.4 Sep 2020 quarterly Dec 1999 - Sep 2020
    Lebanon (%) -10.9 2019 yearly 1992 - 2019
    Lithuania (%) -4.3 Sep 2020 quarterly Dec 1999 - Sep 2020
    Luxembourg (%) -4.1 Dec 2020 quarterly Dec 2009 - Dec 2020
    Macau SAR, China (%) -8.7 Sep 2020 quarterly Dec 2003 - Sep 2020
    North Macedonia (%) -8.2 2020 yearly 1993 - 2020
    Malawi (%) -1.2 Dec 2020 monthly Apr 2005 - Dec 2020
    Malaysia (%) -7.0 2020 yearly 1970 - 2020
    Malta (%) -10.1 Dec 2020 quarterly Dec 2000 - Dec 2020
    Mauritius (%) -8.0 Jun 2020 quarterly Dec 2010 - Jun 2020
    Mexico (%) -2.9 Dec 2020 quarterly Dec 1980 - Dec 2020
    Moldova (%) -1.4 2019 yearly 1998 - 2019
    Mongolia (%) -12.3 Dec 2020 quarterly Dec 2000 - Dec 2020
    Montenegro (%) -10.1 Dec 2020 quarterly Dec 2012 - Dec 2020
    Morocco (%) -11.0 2020 yearly 1980 - 2020
    Mozambique (%) -2.7 2016 yearly 1996 - 2016
    Myanmar (%) -2.6 2018 yearly 1986 - 2018
    Nepal (%) -10.0 2018 yearly 2012 - 2018
    Netherlands (%) -4.3 Dec 2020 quarterly Dec 1999 - Dec 2020
    New Zealand (%) -1.2 Dec 2020 quarterly Dec 2001 - Dec 2020
    Nigeria (%) -3.8 Dec 2020 quarterly Dec 2010 - Dec 2020
    Norway (%) -3.4 Dec 2020 quarterly Dec 2002 - Dec 2020
    Oman (%) -13.8 Sep 2020 quarterly Dec 2005 - Sep 2020
    Pakistan (%) -8.1 2020 yearly 2000 - 2020
    Palestinian Territory (%) -2.2 2019 yearly 2010 - 2019
    Panama (%) -10.1 2020 yearly 2003 - 2020
    Paraguay (%) -2.5 Dec 2020 quarterly Dec 2003 - Dec 2020
    Peru (%) -8.4 Dec 2020 quarterly Dec 1990 - Dec 2020
    Philippines (%) -7.6 Dec 2020 quarterly Dec 1985 - Dec 2020
    Poland (%) -7.1 2020 yearly 1995 - 2020
    Portugal (%) -5.7 Dec 2020 quarterly Dec 1999 - Dec 2020
    Qatar (%) -5.2 Dec 2020 quarterly Mar 2011 - Dec 2020
    Romania (%) -9.7 Dec 2020 quarterly Dec 2004 - Dec 2020
    Russia (%) -4.0 Dec 2020 quarterly Dec 1993 - Dec 2020
    Saudi Arabia (%) -7.1 2020 yearly 1969 - 2020
    Serbia (%) -8.1 Dec 2020 quarterly Dec 2005 - Dec 2020
    Singapore (%) -6.8 Dec 2020 quarterly Mar 2012 - Dec 2020
    Slovakia (%) -6.2 2020 yearly 1995 - 2020
    Slovenia (%) -7.7 Dec 2020 quarterly Dec 2000 - Dec 2020
    South Africa (%) -10.6 Dec 2020 quarterly Dec 1990 - Dec 2020
    Spain (%) -11.0 Dec 2020 quarterly Dec 1995 - Dec 2020
    Sri Lanka (%) -11.1 Dec 2020 quarterly Dec 2014 - Dec 2020
    Sudan (%) -2.4 2019 yearly 2001 - 2019
    Sweden (%) -3.0 2020 yearly 1995 - 2020
    Switzerland (%) -2.8 2020 yearly 1990 - 2020

    Accurate Macro & Micro Economic Data You Can Trust

    Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

    Learn more about what we do

    Ghana Key Series

    Buy Selected Data

    Includes 120 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
    Consolidated Fiscal Balance (USD mn) -1,074.460 Jun 2020 monthly Jan 2008 - Jun 2020
    Tax Revenue (USD mn) 458.822 Jun 2020 monthly Jan 2008 - Jun 2020
    Tax Revenue: % of GDP (%) 9.8 Jun 2020 quarterly Mar 2008 - Jun 2020
    Government Debt: % of GDP (%) 76.1 2020 yearly 2006 - 2020
    Forecast: Government Expenditure (GHS bn) 182.783 2026 yearly 1980 - 2026
    Forecast: Government Net Debt (GHS bn) 698.383 2026 yearly 1990 - 2026
    Forecast: Government Revenue (GHS bn) 117.051 2026 yearly 1982 - 2026
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 5.681 2026 yearly 1980 - 2026
    Trade Balance (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
    Total Exports (USD mn) 1,298.2 Dec 2020 monthly Mar 2005 - Dec 2020
    Total Exports Growth (%) -7.6 Dec 2020 monthly Mar 2006 - Dec 2020
    Aluminum: Exports (USD th) 78,981.621 2020 yearly 1995 - 2020
    Exports: Medicament (USD th) 5,111.213 2020 yearly 1995 - 2020
    Exports: Medicinal and Pharmaceutical Product (USD th) 221.031 2020 yearly 1995 - 2020
    Total Imports (USD mn) 1,164.3 Mar 2021 monthly Mar 2005 - Mar 2021
    Total Imports Growth (%) -7.7 Dec 2020 monthly Mar 2006 - Dec 2020
    Imports: Medicament (USD th) 188,339.959 2020 yearly 1995 - 2020
    Imports: Medicinal and Pharmaceutical Product (USD th) 63,163.099 2020 yearly 1995 - 2020
    Total Exports to USA (USD mn) 90.887 Oct 2020 monthly Feb 1985 - Oct 2020
    Total Imports from USA (USD mn) 76.976 Jan 2021 monthly Jun 1995 - Jan 2021
    Total Exports to China (USD mn) 486.328 Feb 2021 monthly May 1995 - Feb 2021
    Total Imports from China (USD mn) 151.945 Feb 2021 monthly Jun 1986 - Feb 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 2.8 Dec 2019 quarterly Mar 2011 - Dec 2019
    Current Account Balance (USD mn) -709.3 Sep 2020 quarterly Mar 2005 - Sep 2020
    Current Account Balance: % of GDP (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
    Foreign Direct Investment (USD mn) 838.4 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Direct Investment: % of GDP (%) 5.0 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2019 quarterly Mar 2011 - Dec 2019
    Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
    Foreign Portfolio Investment: Debt Securities (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
    External Debt (USD mn) 24,598.8 Mar 2021 monthly Jan 2012 - Mar 2021
    External Debt: % of GDP (%) 34.2 2020 yearly 1999 - 2020
    Forecast: Current Account Balance (USD bn) -4.493 2026 yearly 1980 - 2026
    Net International Investment Position (USD mn) -27,311.841 2019 yearly 2006 - 2019
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 15.3 Feb 2021 monthly Dec 2005 - Feb 2021
    Non-Performing Loans (USD mn) 1,269.750 Sep 2020 quarterly Mar 2008 - Sep 2020
    Money Supply M1 (USD mn) 10,559.734 Dec 2020 quarterly Mar 1990 - Dec 2020
    Money Supply M2 (USD mn) 16,404.248 Dec 2020 quarterly Mar 1990 - Dec 2020
    M2 Growth (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
    Foreign Exchange Reserves (USD mn) 6,884.2 Mar 2021 monthly Jan 1965 - Mar 2021
    Foreign Exchange Reserves: % of GDP (%) 9.927 Dec 2020 quarterly Dec 2006 - Dec 2020
    Foreign Exchange Reserves: Months of Import (NA) 6.8 Oct 2020 monthly Mar 2005 - Oct 2020
    Gold Reserves (Metric Ton) 1,000.000 2020 yearly 2008 - 2020
    Total Deposits (USD mn) 17,706.305 Dec 2020 monthly Dec 2004 - Dec 2020
    Total Deposits Growth (%) 25.7 Dec 2020 monthly Dec 2005 - Dec 2020
    Domestic Credit (USD mn) 23,472.9 Dec 2020 monthly Jan 1967 - Dec 2020
    Domestic Credit Growth (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
    Total Loans (USD mn) 8,292.948 Dec 2020 monthly Dec 2011 - Dec 2020
    Total Loans Growth (%) 5.60 Mar 2021 monthly Dec 2012 - Mar 2021
    Private Debt: % of Nominal GDP (%) 9.93 Dec 2020 quarterly Dec 2013 - Dec 2020
    Business and Economic Survey Last Frequency Range
    Business Confidence Growth (%) -3.5 Feb 2021 monthly Dec 2013 - Feb 2021
    GH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 118.000 2019 yearly 2019 - 2019

    More Indicators for Ghana

    Check out our pricing options.

    Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

    View pricing options

    CEIC Flex

    from $49

    Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.

    View this option

    CEIC Unlimited

    Request a Demo

    Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.

    Request a demo
    Unlimited access tailored to your data needs
    Flexible monthly access to CEIC data