Ghana Consolidated Fiscal Balance: % of GDP

2008 - 2023 | Quarterly | % | CEIC Data

Key information about Ghana Consolidated Fiscal Balance: % of GDP

  • Ghana Consolidated Fiscal Balance recorded a deficit equal to 4.6 % of its Nominal GDP in Jun 2023, compared with a deficit equal to 6.4 % in the previous quarter
  • Ghana Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2008 to Jun 2023, with an average ratio of -5.2 %
  • The data reached an all-time high of -0.0 % in Sep 2011 and a record low of -10.5 % in Dec 2020
CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance 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

View Ghana's Consolidated Fiscal Balance: % of GDP from Dec 2008 to Jun 2023 in the chart:

Ghana Consolidated Fiscal Balance: % of GDP

What was Ghana's Consolidated Fiscal Balance: % of GDP in Jun 2023?

Ghana Consolidated Fiscal Balance recorded a deficit equal to 4.6 % of its Nominal GDP in Jun 2023, compared with a deficit equal to 6.4 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-4.6 Jun 2023 -6.4 Mar 2023 -10.5 Dec 2020 -0.0 Sep 2011 % quarterly Dec 2008 - Jun 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -2.2 Mar 2024 quarterly Dec 2004 - Mar 2024
Armenia (%) -2.5 Mar 2024 quarterly Dec 2002 - Mar 2024
Australia (%) -1.8 Jun 2024 quarterly Jun 2003 - Jun 2024
Austria (%) -2.7 Dec 2023 quarterly Dec 2001 - Dec 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 2.9 Mar 2024 quarterly Dec 2008 - Mar 2024
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.2 Jun 2024 quarterly Dec 1997 - Jun 2024
Brunei (%) -11.9 2023 yearly 2010 - 2023
Bulgaria (%) -2.4 Mar 2024 quarterly Sep 2003 - Mar 2024
Cambodia (%) -0.1 2022 yearly 2007 - 2022
Canada (%) -1.9 Jun 2024 quarterly Jun 1993 - Jun 2024
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -5.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Colombia (%) 0.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Czech Republic (%) -2.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Denmark (%) 3.2 Mar 2024 quarterly Dec 1999 - Mar 2024
Ecuador (%) -2.8 Mar 2024 quarterly Dec 2000 - Mar 2024
Estonia (%) -3.2 Mar 2024 quarterly Dec 1999 - Mar 2024
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -3.4 Mar 2024 quarterly Dec 1999 - Mar 2024
France (%) -5.6 Jun 2024 quarterly Dec 1949 - Jun 2024
Georgia (%) -2.1 Mar 2024 quarterly Dec 2006 - Mar 2024
Germany (%) -2.5 Jun 2024 quarterly Dec 1991 - Jun 2024
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.9 Jun 2024 quarterly Sep 1999 - Jun 2024
Hungary (%) -5.7 Mar 2024 quarterly Dec 1999 - Mar 2024
Iceland (%) 0.1 Mar 2024 quarterly Mar 2002 - Mar 2024
India (%) -4.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Indonesia (%) -2.6 Jun 2024 quarterly Dec 2014 - Jun 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.5 Mar 2024 quarterly Dec 2000 - Mar 2024
Israel (%) -7.7 Jun 2024 quarterly Dec 1999 - Jun 2024
Italy (%) -6.5 Mar 2024 quarterly Dec 1999 - Mar 2024
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.7 Mar 2024 quarterly Dec 2008 - Mar 2024
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.5 Mar 2024 quarterly Jun 2000 - Mar 2024
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) -3.1 2023 yearly 1988 - 2023
Kyrgyzstan (%) 5.6 May 2024 monthly Jan 2007 - May 2024
Laos (%) 0.6 2023 yearly 2012 - 2023
Latvia (%) -1.9 Mar 2024 quarterly Dec 1999 - Mar 2024
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -0.6 Mar 2024 quarterly Dec 1999 - Mar 2024
Luxembourg (%) -1.3 2023 yearly 1995 - 2023
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -3.9 Mar 2024 quarterly Dec 2000 - Mar 2024
Mauritius (%) -6.2 Mar 2024 quarterly Dec 2010 - Mar 2024
Mexico (%) -4.1 Jun 2024 quarterly Dec 1980 - Jun 2024
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 0.7 Jun 2024 quarterly Dec 2000 - Jun 2024
Montenegro (%) -0.8 Mar 2024 quarterly Dec 2012 - Mar 2024
Morocco (%) -5.0 2023 yearly 1980 - 2023
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -1.1 Mar 2024 quarterly Dec 1999 - Mar 2024
Nigeria (%) -4.4 Mar 2024 quarterly Dec 2010 - Mar 2024
Norway (%) 14.4 Mar 2024 quarterly Dec 2002 - Mar 2024
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2024 yearly 2000 - 2024
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.5 Mar 2024 quarterly Dec 2003 - Mar 2024
Peru (%) -3.8 Jun 2024 quarterly Dec 1990 - Jun 2024
Philippines (%) -6.2 Jun 2024 quarterly Dec 1985 - Jun 2024
Poland (%) -5.1 2023 yearly 1995 - 2023
Portugal (%) 0.9 Mar 2024 quarterly Sep 1999 - Mar 2024
Qatar (%) 0.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -6.3 Mar 2024 quarterly Dec 2004 - Mar 2024
Russia (%) -0.9 Mar 2024 quarterly Dec 1993 - Mar 2024
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Mar 2024 quarterly Dec 2005 - Mar 2024
Singapore (%) 1.4 Jun 2024 quarterly Mar 2012 - Jun 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Jun 2024 quarterly Dec 2000 - Jun 2024
South Africa (%) -4.6 Mar 2024 quarterly Dec 1990 - Mar 2024
Spain (%) -3.8 Mar 2024 quarterly Dec 1995 - Mar 2024
Sri Lanka (%) -6.9 Mar 2024 quarterly Dec 2014 - Mar 2024
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.7 2023 yearly 1995 - 2023
Switzerland (%) 0.5 2023 yearly 1990 - 2023

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Ghana Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Consolidated Fiscal Balance (USD mn) 239.230 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue (USD mn) 1,009.808 Jun 2023 monthly Jan 2008 - Jun 2023
Tax Revenue: % of GDP (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Government Debt: % of GDP (%) 70.7 2022 yearly 2006 - 2022
Forecast: Government Expenditure (GHS bn) 422.653 2029 yearly 1980 - 2029
Forecast: Government Net Debt (GHS bn) 1,247.210 2028 yearly 1990 - 2028
Forecast: Government Revenue (GHS bn) 355.914 2029 yearly 1982 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 539.1 Dec 2023 monthly Mar 2005 - Dec 2023
Total Exports (USD mn) 1,693.2 Dec 2023 monthly Jan 2010 - Dec 2023
Total Exports Growth (%) 6.3 Dec 2023 monthly Jan 2011 - Dec 2023
Aluminum: Exports (USD th) 93,636.897 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 7,139.214 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,273.109 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,154.2 Dec 2023 monthly Mar 2005 - Dec 2023
Total Imports Growth (%) 5.0 Dec 2023 monthly Mar 2006 - Dec 2023
Imports: Medicament (USD th) 204,070.187 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 67,696.289 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 37.637 May 2024 monthly Feb 1985 - May 2024
Total Imports from USA (USD mn) 62.907 May 2024 monthly Jun 1995 - May 2024
Total Exports to China (USD mn) 120.446 May 2024 monthly May 1995 - May 2024
Total Imports from China (USD mn) 248.934 May 2024 monthly Jun 1986 - May 2024
Export Volume Index (2015=100) 97.296 2021 yearly 1980 - 2021
Export Value Index (2015=100) 142.693 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 84.815 2021 yearly 1980 - 2021
Import Value Index (2015=100) 101.215 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -4.7 Mar 2024 quarterly Mar 2011 - Mar 2024
Current Account Balance (USD mn) 217.8 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment (USD mn) 380.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Direct Investment: % of GDP (%) 1.8 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) 0.0 Mar 2024 quarterly Mar 2011 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -9.3 2023 yearly 1975 - 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 13.739 Mar 2024 quarterly Mar 2011 - Mar 2024
External Debt (USD mn) 29,185.2 Nov 2022 monthly Jan 2012 - Nov 2022
External Debt: % of GDP (%) 39.0 2022 yearly 1999 - 2022
Forecast: Current Account Balance (USD bn) -2.914 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -23,095.226 2022 yearly 2006 - 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 138.453 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Financial Derivatives & Employee Stock Options (USD mn) 26.798 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Portfolio Investment: Assets (USD mn) -63.908 Mar 2024 quarterly Mar 2021 - Mar 2024
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 111.654 Mar 2024 quarterly Mar 2021 - Mar 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 24.1 Jun 2024 monthly Dec 2005 - Jun 2024
Non-Performing Loans (USD mn) 1,397.674 Jun 2024 quarterly Mar 2008 - Jun 2024
Money Supply M1 (USD mn) 10,251.243 Dec 2023 quarterly Mar 1990 - Dec 2023
Money Supply M2 (USD mn) 15,608.260 Dec 2023 quarterly Mar 1990 - Dec 2023
M2 Growth (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Foreign Exchange Reserves (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 3.820 Dec 2023 quarterly Dec 2006 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 2.5 Dec 2023 monthly Mar 2005 - Dec 2023
Gold Reserves (Metric Ton) 1,000.000 2023 yearly 2008 - 2023
Total Deposits (USD mn) 17,864.204 Jan 2024 monthly Jan 1999 - Jan 2024
Total Deposits Growth (%) 26.0 Jan 2024 monthly Jan 2000 - Jan 2024
Domestic Credit (USD mn) 18,587.4 Apr 2024 monthly Jan 1967 - Apr 2024
Domestic Credit Growth (%) -5.2 Apr 2024 monthly Jan 1968 - Apr 2024
Total Loans (USD mn) 6,482.295 Dec 2023 monthly Jan 1999 - Dec 2023
Total Loans Growth (%) 10.01 Dec 2023 monthly Jan 2000 - Dec 2023
Private Debt: % of Nominal GDP (%) 8.65 Mar 2024 quarterly Dec 2013 - Mar 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 11.0 Jun 2024 monthly Dec 2013 - Jun 2024

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