Ghana Real Effective Exchange Rate

1979 - 2024 | Monthly | 2005=100 | CEIC Data

Key information about Ghana Real Effective Exchange Rate

  • Ghana Real Effective Exchange Rate (REER: 2005=100: Month Avg: Ghana) was 71.9 in Feb 2024, compared with the number of 70.2 in the previous month.
  • Ghana Real Effective Exchange Rate data is updated monthly and averaged 4,723.7 from Dec 1979 to Feb 2024.
  • The data reached an all-time high of 4,723.7 in Sep 1983 and a record low of 51.5 in Nov 2022.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Ghana Real Effective Exchange Rate

  • In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 26.4 % pa in Aug 2023.
  • The cash rate (Policy Rate: Month End: Ghana) was set at 29.5 % pa in Jun 2023.
  • Ghana Exchange Rate against USD averaged 12.2 (USD/GHS) in Feb 2024.

View Ghana's Real Effective Exchange Rate from Dec 1979 to Feb 2024 in the chart:

Ghana Real Effective Exchange Rate

What was Ghana's Real Effective Exchange Rate in Feb 2024?

Ghana Real Effective Exchange Rate (REER: 2005=100: Month Avg: Ghana) was 71.9 in Feb 2024, compared with the number of 70.2 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
71.9 Feb 2024 70.2 Jan 2024 51.5 Nov 2022 4,723.7 Sep 1983 2005=100 monthly Dec 1979 - Feb 2024

Real Effective Exchange Rate by Country Comparison

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Includes Real Effective Exchange Rate on 92 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (2005=100) 103.0 Feb 2024 monthly Jan 1994 - Feb 2024
Argentina (2005=100) 65.6 Mar 2024 monthly Jan 1997 - Mar 2024
Armenia (2005=100) 235.7 Jan 2024 monthly Jan 1997 - Jan 2024
Australia (2005=100) 102.0 Feb 2024 monthly Jan 1994 - Feb 2024
Austria (2005=100) 103.9 Feb 2024 monthly Jan 1993 - Feb 2024
Azerbaijan (2005=100) 152.0 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (2005=100) 95.8 Feb 2024 monthly Jan 1980 - Feb 2024
Bangladesh (2015-2016=100) 102.0 2023 yearly 2011 - 2023
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 101.1 Feb 2024 monthly Jan 1993 - Feb 2024
Bolivia (2005=100) 53.5 Oct 2023 monthly Jan 1991 - Oct 2023
Bosnia and Herzegovina (2005=100) 98.4 Jan 2024 monthly Jan 2005 - Jan 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 95.4 Jan 2024 monthly Jan 1988 - Jan 2024
Bulgaria (2005=100) 130.1 Mar 2024 monthly Jan 1993 - Mar 2024
Canada (2005=100) 91.5 Dec 2023 monthly Jan 1999 - Dec 2023
Chile (2005=100) 115.0 Feb 2024 monthly Jan 1986 - Feb 2024
China (2005=100) 138.0 Feb 2024 monthly Jan 1994 - Feb 2024
Colombia (2005=100) 115.6 Feb 2024 monthly Jan 1990 - Feb 2024
Croatia (2005=100) 101.3 Feb 2024 monthly Jan 1993 - Feb 2024
Cyprus (2005=100) 90.2 Feb 2024 monthly Jan 1993 - Feb 2024
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 98.0 Sep 2023 monthly Jan 1970 - Sep 2023
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 143.5 Feb 2024 monthly Jan 1993 - Feb 2024
European Union (2005=100) 92.6 Mar 2024 monthly Jan 1993 - Mar 2024
Finland (2005=100) 94.3 Feb 2024 monthly Jan 1993 - Feb 2024
France (2005=100) 90.9 Feb 2024 monthly Jan 1993 - Feb 2024
Georgia (2005=100) 141.1 Feb 2024 monthly Dec 1995 - Feb 2024
Germany (2005=100) 94.8 Feb 2024 monthly Jan 1993 - Feb 2024
Ghana (2005=100) 71.9 Feb 2024 monthly Dec 1979 - Feb 2024
Greece (2005=100) 92.8 Feb 2024 monthly Jan 1993 - Feb 2024
Hong Kong SAR, China (2005=100) 109.0 Feb 2024 monthly Jan 1994 - Feb 2024
Hungary (2005=100) 100.7 Feb 2024 monthly Jan 1990 - Feb 2024
Iceland (2005=100) 89.1 Feb 2024 monthly Jan 1979 - Feb 2024
India (2005=100) 115.1 Feb 2024 monthly Apr 2004 - Feb 2024
Indonesia (2005=100) 114.5 Feb 2024 monthly Jan 1994 - Feb 2024
Iran (2005=100) 769.3 Feb 2024 monthly Jan 1979 - Feb 2024
Ireland (2005=100) 83.6 Feb 2024 monthly Jan 1993 - Feb 2024
Israel (2005=100) 123.2 Feb 2024 monthly Jan 1994 - Feb 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 97.2 Feb 2024 monthly Dec 1979 - Feb 2024
Japan (2005=100) 54.8 Feb 2024 monthly Jan 1970 - Feb 2024
Kazakhstan (2005=100) 99.4 Jan 2024 monthly Jan 1995 - Jan 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 84.0 Feb 2024 monthly Jan 1994 - Feb 2024
Kosovo (Jan2007=100) 119.7 Feb 2024 monthly Dec 2006 - Feb 2024
Kyrgyzstan (2005=100) 135.1 Feb 2024 monthly Jan 2000 - Feb 2024
Latvia (2005=100) 132.2 Feb 2024 monthly Jan 1993 - Feb 2024
Lithuania (2005=100) 130.7 Feb 2024 monthly Jan 1993 - Feb 2024
Luxembourg (2005=100) 98.3 Feb 2024 monthly Jan 1993 - Feb 2024
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 79.9 Feb 2024 monthly Dec 1979 - Feb 2024
Malaysia (2005=100) 84.2 Feb 2024 monthly Jan 1994 - Feb 2024
Malta (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
Mexico (2005=100) 88.7 Jan 2024 monthly Jan 1968 - Jan 2024
Moldova (2005=100) 218.6 Feb 2024 monthly Nov 1993 - Feb 2024
Mongolia (2005=100) 119.4 Dec 2023 monthly Jan 2000 - Dec 2023
Morocco (2005=100) 96.4 Feb 2024 monthly Jan 1988 - Feb 2024
Netherlands (2005=100) 97.1 Feb 2024 monthly Jan 1993 - Feb 2024
New Zealand (2005=100) 99.0 Feb 2024 monthly Jan 1984 - Feb 2024
Nigeria (2005=100) 64.0 Feb 2024 monthly Dec 1979 - Feb 2024
Norway (2005=100) 75.3 Feb 2024 monthly Jan 1994 - Feb 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 69.9 Jan 2024 monthly Jan 1995 - Jan 2024
Peru (2005=100) 91.2 Mar 2024 monthly Jan 1991 - Mar 2024
Philippines (2005=100) 148.2 Feb 2024 monthly Jan 1993 - Feb 2024
Poland (2005=100) 112.6 Feb 2024 monthly Jan 1994 - Feb 2024
Portugal (2005=100) 92.9 Feb 2024 monthly Jan 1993 - Feb 2024
Romania (2005=100) 113.1 Feb 2024 monthly Jan 1994 - Feb 2024
Russia (2005=100) 94.7 Feb 2024 monthly Jan 1994 - Feb 2024
Saudi Arabia (2005=100) 126.8 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (2005=100) 141.8 Feb 2024 monthly Jan 2002 - Feb 2024
Singapore (2005=100) 133.6 Feb 2024 monthly Jan 1994 - Feb 2024
Slovakia (2005=100) 137.9 Feb 2024 monthly Jan 1993 - Feb 2024
Slovenia (2005=100) 100.7 Feb 2024 monthly Jan 1993 - Feb 2024
South Africa (2005=100) 84.3 Jan 2024 monthly Jan 1970 - Jan 2024
Spain (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
Sri Lanka (2017=100) 75.1 Feb 2024 monthly Jan 2013 - Feb 2024
Sweden (2005=100) 80.6 Feb 2024 monthly Jan 1994 - Feb 2024
Switzerland (2005=100) 115.9 Feb 2024 monthly Jan 1973 - Feb 2024
Taiwan (2005=100) 93.8 Feb 2024 monthly Jan 1994 - Feb 2024
Thailand (2005=100) 116.9 Feb 2024 monthly Jan 1994 - Feb 2024
Tunisia (2005=100) 81.8 Feb 2024 monthly Jan 1979 - Feb 2024
Turkey (2005=100) 51.5 Mar 2024 monthly Jan 1994 - Mar 2024
Ukraine (2005=100) 83.5 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (2005=100) 125.4 Feb 2024 monthly Jan 1994 - Feb 2024
United Kingdom (2005=100) 87.1 Feb 2024 monthly Jan 1994 - Feb 2024
United States (Jan2006=100) 114.8 Mar 2024 monthly Jan 2006 - Mar 2024
Uruguay (2005=100) 43.5 Feb 2024 monthly Jan 2000 - Feb 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.0 Dec 2023 monthly Jan 2013 - Dec 2023

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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) 42.273 Dec 2023 monthly Feb 1985 - Dec 2023
Total Imports from USA (USD mn) 130.274 Dec 2023 monthly Jun 1995 - Dec 2023
Total Exports to China (USD mn) 593.294 Dec 2023 monthly May 1995 - Dec 2023
Total Imports from China (USD mn) 180.650 Dec 2023 monthly Jun 1986 - Dec 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 (%) 39.0 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 (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
BoP: Financial Account: Financial Derivatives & Employee Stock Options: Assets (USD mn) 0.000 Dec 2022 quarterly Mar 2022 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 24.6 Feb 2024 monthly Dec 2005 - Feb 2024
Non-Performing Loans (USD mn) 1,243.949 Jun 2023 quarterly Mar 2008 - Jun 2023
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 (%) 3.309 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) 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) 19,989.0 Dec 2023 monthly Jan 1967 - Dec 2023
Domestic Credit Growth (%) -0.4 Dec 2023 monthly Jan 1968 - Dec 2023
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 (%) 9.23 Sep 2023 quarterly Dec 2013 - Sep 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 22.8 Feb 2024 monthly Dec 2013 - Feb 2024

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