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 6.5 % 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 6.5 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-4.6 Jun 2023 -6.5 Mar 2023 -10.5 Dec 2020 -0.0 Sep 2011 % quarterly Dec 2008 - Jun 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

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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 (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -3.4 2022 yearly 1994 - 2022
Argentina (%) -4.3 Sep 2023 quarterly Dec 2004 - Sep 2023
Armenia (%) -1.8 Sep 2023 quarterly Dec 2002 - Sep 2023
Australia (%) -0.7 Sep 2023 quarterly Jun 2003 - Sep 2023
Austria (%) -3.5 Sep 2023 quarterly Dec 2001 - Sep 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 (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 3.9 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -6.7 Dec 2023 quarterly Dec 1997 - Dec 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -3.1 Dec 2023 quarterly Sep 2003 - Dec 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.8 Sep 2023 quarterly Jun 1993 - Sep 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -4.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Colombia (%) -2.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Czech Republic (%) -3.0 Sep 2023 quarterly Dec 1999 - Sep 2023
Denmark (%) 3.3 Sep 2023 quarterly Dec 1999 - Sep 2023
Ecuador (%) -2.9 Sep 2023 quarterly Dec 2000 - Sep 2023
Estonia (%) -2.3 Sep 2023 quarterly Dec 1999 - Sep 2023
European Union (%) -3.3 2022 yearly 1995 - 2022
Finland (%) -1.5 Sep 2023 quarterly Dec 1999 - Sep 2023
France (%) -4.9 Sep 2023 quarterly Dec 1949 - Sep 2023
Georgia (%) -2.0 Sep 2023 quarterly Dec 2006 - Sep 2023
Germany (%) -2.7 Sep 2023 quarterly Dec 1991 - Sep 2023
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -4.8 Sep 2023 quarterly Sep 1999 - Sep 2023
Hungary (%) -7.6 Sep 2023 quarterly Dec 1999 - Sep 2023
Iceland (%) -1.5 Jun 2023 quarterly Mar 2002 - Jun 2023
India (%) -6.4 Sep 2023 quarterly Mar 2005 - Sep 2023
Indonesia (%) -1.7 Dec 2023 quarterly Dec 2014 - Dec 2023
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.9 Sep 2023 quarterly Dec 2000 - Sep 2023
Israel (%) -1.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Italy (%) -6.8 Sep 2023 quarterly Dec 1999 - Sep 2023
Ivory Coast (%) -5.9 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -2.5 Sep 2023 quarterly Dec 2008 - Sep 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.0 Sep 2023 quarterly Jun 2000 - Sep 2023
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 11.5 2022 yearly 1989 - 2022
Kyrgyzstan (%) 2.6 Nov 2023 monthly Jan 2007 - Nov 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -3.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.1 Sep 2023 quarterly Dec 1999 - Sep 2023
Luxembourg (%) -0.3 2022 yearly 1995 - 2022
Macau SAR, China (%) -5.3 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 (%) -3.4 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) -4.9 Jun 2023 quarterly Dec 2010 - Jun 2023
Mexico (%) -3.3 Dec 2023 quarterly Dec 1980 - Dec 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 3.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Montenegro (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
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 (%) -0.6 Sep 2023 quarterly Dec 1999 - Sep 2023
Nigeria (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 18.7 Sep 2023 quarterly Dec 2002 - Sep 2023
Oman (%) 2.2 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.9 Sep 2023 quarterly Dec 2003 - Sep 2023
Peru (%) -2.9 Sep 2023 quarterly Dec 1990 - Sep 2023
Philippines (%) -6.7 Sep 2023 quarterly Dec 1985 - Sep 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.5 Sep 2023 quarterly Sep 1999 - Sep 2023
Qatar (%) 5.5 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -6.2 Sep 2023 quarterly Dec 2004 - Sep 2023
Russia (%) -2.8 Sep 2023 quarterly Dec 1993 - Sep 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -3.1 Sep 2023 quarterly Dec 2005 - Sep 2023
Singapore (%) 0.9 Sep 2023 quarterly Mar 2012 - Sep 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
South Africa (%) -5.8 Sep 2023 quarterly Dec 1990 - Sep 2023
Spain (%) -4.4 Sep 2023 quarterly Dec 1995 - Sep 2023
Sri Lanka (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) 1.2 2022 yearly 1990 - 2022

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Ghana Key Series

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Includes 125 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 (%) -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) 372.947 2028 yearly 1980 - 2028
Forecast: Government Net Debt (GHS bn) 1,247.210 2028 yearly 1990 - 2028
Forecast: Government Revenue (GHS bn) 322.330 2028 yearly 1982 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Total Exports (USD mn) 1,290.0 Aug 2023 monthly Jan 2010 - Aug 2023
Total Exports Growth (%) -12.8 Aug 2023 monthly Jan 2011 - Aug 2023
Aluminum: Exports (USD th) 124,996.968 2022 yearly 1995 - 2022
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) 1,177.3 Aug 2023 monthly Mar 2005 - Aug 2023
Total Imports Growth (%) -11.1 Aug 2023 monthly Mar 2006 - Aug 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) 14.706 Oct 2023 monthly Feb 1985 - Oct 2023
Total Imports from USA (USD mn) 139.595 Oct 2023 monthly Jun 1995 - Oct 2023
Total Exports to China (USD mn) 198.110 Oct 2023 monthly May 1995 - Oct 2023
Total Imports from China (USD mn) 194.435 Oct 2023 monthly Jun 1986 - Oct 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Current Account Balance (USD mn) 175.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance: % of GDP (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 324.8 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment (USD mn) -308.059 Dec 2021 quarterly Mar 2011 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -1.2 Dec 2022 quarterly Mar 2011 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 2022 yearly 1975 - 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -189.016 Dec 2022 quarterly Mar 2011 - Dec 2022
External Debt (USD mn) 29,185.2 Nov 2022 monthly Jan 2012 - Nov 2022
External Debt: % of GDP (%) 39.3 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 (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Portfolio Investment: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liabilit... (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 20.7 Dec 2023 monthly Dec 2005 - Dec 2023
Non-Performing Loans (USD mn) 1,243.949 Jun 2023 quarterly Mar 2008 - Jun 2023
Money Supply M1 (USD mn) 9,021.989 Sep 2023 quarterly Mar 1990 - Sep 2023
Money Supply M2 (USD mn) 14,255.980 Sep 2023 quarterly Mar 1990 - Sep 2023
M2 Growth (%) 43.4 Sep 2023 quarterly Mar 1991 - Sep 2023
Foreign Exchange Reserves (USD mn) 2,271.7 Nov 2023 monthly Jan 1965 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 3.309 Sep 2023 quarterly Dec 2006 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 2.3 Aug 2023 monthly Mar 2005 - Aug 2023
Gold Reserves (Metric Ton) 1,000.000 2023 yearly 2008 - 2023
Total Deposits (USD mn) 16,995.968 Aug 2023 monthly Dec 2004 - Aug 2023
Total Deposits Growth (%) 39.9 Aug 2023 monthly Dec 2005 - Aug 2023
Domestic Credit (USD mn) 20,640.4 Nov 2023 monthly Jan 1967 - Nov 2023
Domestic Credit Growth (%) -7.3 Nov 2023 monthly Jan 1968 - Nov 2023
Total Loans (USD mn) 6,649.444 Jun 2023 monthly Dec 2011 - Jun 2023
Total Loans Growth (%) 15.41 Jun 2023 monthly Dec 2012 - Jun 2023
Private Debt: % of Nominal GDP (%) 9.23 Sep 2023 quarterly Dec 2013 - Sep 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 20.1 Dec 2023 monthly Dec 2013 - Dec 2023

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