Ghana's Economic Performance 2010

Transcription

1 GHANA STATISTICAL SERVICE (GSS) Statistics for Development and Progress Ghana's Economic Performance 21 i n f i g u r e s P.O. Box GP 198, Accra www. statsghana.gov.gh

2 211 Ghana's Economic Performance i n f i g u r e s expound on basis of National Accounts (new series) and selected economic indicators DECEMBER 211, Head Office P.O. Box GP 198, Accra mail to: econsstat@statsghana.gov.gh Telephone Number: National Accounts and Economic Indicators Division

3 Index page 1. National Accounts 4 2. Summary Indicators 5 3. Gross Domestic Product (GDP) at current market prices by major sectors 6 4. Sectoral contribution to GDP at basic prices 6 5. Gross Domestic Product (GDP) at constant (26) prices by major sectors 7 6. Growth rate GDP (at constant prices) 7 7. Generation of Electricity 8 8. Water Production and Distribution 8 9. External sector 9 1. Government debt (stock at the end of year) Fiscal sector Monetary sector Prices Movements in comparison: GDP growth, Inflation and Money supply 14

4 The following symbols and abreviations are used in the tables: Less than half the digit shown Nil or no figures. Numerical value unknown.. Not available Data will be available later ' Thousand GWh Gh US$ Gigawatt-hour = million Kilowatt-hour Ghana Cedi US Dollar Where figures have been rounded up, the total may not match the sum of the rounded constituent items.

5 1. National Accounts National accounts give a most comprehensive quantitative view of the economic situation and development of a country, i.e. in this case Ghana. For this reason all units and economic activities are part of the national accounts results. To make the picture more clear all the units are aggregated to groupings like economic branches and sectors. The national accounts results are published in a lot of detailed tables. This small folder only shows a small part of the various national accounts results. National accounts aggregate is the gross domestic product (GDP). The GDP measures the domestic production of goods and services minus the intermediate consumption of goods and services. Therefore it is mainly an indicator for production. The units constitute the economy of a country, and its transactions are recorded in the System of National Accounts (SNA 1993), the revised world-wide guidelines on national accounts. Gross domestic product Production Use Agriculture Industry Final consumption expenditure of households and NPISHs Construction Trade, transport, communications Financial, renting, business activities Other service activities = Government final consumption expenditure Capital formation + Balance of exports and imports 4

6 2. Summary Indicators Gross Domestic Product (GDP) at current market prices unit million Gh 3,179 36,598 46,232 million US$ 28,249 25,798 32,319 GDP per capita Gross Domestic Product (GDP) at constant (26) prices Gh 1,318 1,563 1,93 US$ 1,234 1,12 1,349 million Gh 21,592 22,454 24,187 GDP growth rate % Gross National Income (GNI) at current market prices million US$ 27,991 25,5 31,786 GNI per capita USD 1,222 1,89 1,327 Inflation (annual average) % Balance of Trade million US$ -5,496-3,38-2,962 Government expenditure (& net lending) million Gh 8,1 8,346 11,532 Population ' GDP growth rate Change on the previous year in %

7 3. Gross Domestic Product (GDP) at current market prices by major sectors million Gh Agricuture 8, , ,99.6 Industry 5, , ,38.8 Services 13, , ,183.6 GDP at basic prices 28, , ,132. Net indirect taxes 1, ,1. Gross Domestic Product in purchasers value 3, , , Sectoral contribution to GDP at basic prices % Agricuture Industry Services Main sectors of the Ghanaian economy Percentage share of the GDP, at basic prices 21 Services, 51.4 % Agricuture, 29.9 % Industry, 18.6 % 6

8 5. Gross Domestic Product (GDP) at constant (26) prices by major sectors million Gh Agricuture 5, , ,452.5 Industry 4, , ,988.4 Services 1,16. 1, ,714.2 GDP at basis prices 2, , ,155.1 Net indirect taxes 1, ,32.2 Gross Domestic Product in purchasers value 21, , , Growth rate GDP (at constant prices) % Agricuture Industry Services GDP at basis prices Net indirect taxes Gross Domestic Product in purchasers value GDP growth rate by sectors 2 Change on the previous year in % Agricuture 28 Industry 29 Services 21 7

9 7. Generation of Electricity GWh Akosombo Hydro Station 5,249,39 5,842,166 5,96,686 Other Power Stations 3,84,129 3,116,889 4,97,35 Total Energy Generated 8,333,519 8,959,55 1,57,721 year-on-year variation 19.4% 7.5% 12.3% Source: Volta River Authority GWh 1,, Monthly Generation of Electricity, 28 to 21 9, 8, 7, 6, 5, 4, 3, 8. Water Production and Distribution million MM3 Total Quantity of Water produced and distributed year-on-year variation.8% 7.7% 14.5% Source: Ghana Water Company 3 Monthly Production and Distribution of Water, 28 to 21 million MM Jan-8 Feb-8 Mar-8 Apr-8 May-8 Jun-8 Jul-8 Aug-8 Sep-8 Oct-8 Nov-8 Dec-8 Jan-9 Feb-9 Mar-9 Apr-9 May-9 Jun-9 Jul-9 Aug-9 Sep-9 Oct-9 Nov-9 Dec-9 Jan-1 Feb-1 Mar-1 Apr-1 May-1 Jun-1 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 8

10 9. External sector million US$ Exports of goods and services 7,7.6 7,69.4 9,481.6 Imports of goods and services 12, , ,443.6 Balance of trade -5, ,38. -2,962. Current account balance -5, ,38. -2,962. Overall Balance (Balance of payments) , ,462.5 Major Exports: Cocoa Beans 1,487. 1,866. 2,219.5 Gold 2, , ,83.5 % of GDP Exports of goods and services Imports of goods and services Current account balance (2.8) (18.6) (13.1) Overall Balance (3.6) Source: Bank of Ghana 15, Export and import of goods and services 1, Million US$ 5, -5, -5,496-3,38-2,962-1, Balance of trade Exports of goods and services Imports of goods and services 9

11 1. Government debt (stock at the end of year) unit Total External debt stock Million US$ 4,35 5,8 6,119 Total External debt Stock / GDP % Total domestic debt Gh million 4,8 6,13 8,28 Total Domestic debt stock / GDP % Government Total Debt US$ million 7,989 9,28 11,737 Government Total Debt Gh 9,699 13,256 17,298 Government Total debt per capita US$ Government Total debt per capita Gh million Government Total debt / GDP % Source: Bank of Ghana % 25 Movements in DEBT / GDP Total External debt Stock / GDP Total Domestic debt stock / GDP 1

12 11. Fiscal sector million Gh Total revenue & Grants 5, , ,81.9 Total expenditure & net lending 8,9.8 8, ,532.2 Current expenditure 5, , ,45.8 Interest payments ,32.3 1,439.4 Capital expenditure 2, , ,168.6 Overall balance (Government Budget) -2,39.1-1,57.4-2,721.4 % of GDP Total revenue & Grants Total expenditure & net lending Overall balance (Government Budget) (7.9) (4.3) (5.9) Source: Bank of Ghana Government budget revenue and expenditure 14, 12, 1, million Ghc 8, 6, 4, 2, -2, -2,39-1,57-2,721-4, Overall balance (Government Budget) Total revenue & Grants Total expenditure & net lending 11

13 12. Monetary sector million Gh Dec Dec Dec Total assets 12, , ,211.2 Net foreign assets 2,181. 3, ,85.6 Net domestic assets 1, , ,45.6 Total liabilities (Money Supply M2+) 8,61.1 1, ,775.5 Broad money 3,81.6 4, ,439.3 Currency in circulation 1, ,84.4 2,925.9 Demand deposits 2, ,75.2 3,513.4 Quasi money 4, ,73.5 7,336.2 Time and savings deposits 2, ,49.3 4,587.2 Foreign currency deposits 1, , ,749. Source: Bank of Ghana Monetary Developments (as end of year) 16, 14, 12, million Ghc 1, 8, 6, 4, 2, Money Supply M+ Net domestic assets Net foreign assets 12

14 13. Prices Exchange Rate (Ghc/US$), annual average Exchange Rate (Ghc/US$), end of period unit Ghc per 1US$ Ghc per 1US$ Producer Price Index (PPI), annual average PPI, end of period Consumer Price Index (CPI), annual average CPI, end of period Index, Sep26=1 Index, Sep26=1 Index, 22=1 Index, 22= Consumer Inflation (annual average) Consumer Inflation (end period) % % Nominal Minimum Wage Ghc Movement in CPI and PPI Jan-8 Apr-8 Jul-8 Oct-8 Jan-9 Apr-9 Jul-9 Oct-9 13

15 14. Movements in comparison: GDP growth, Inflation and Money supply 5 GDP and Money supply; growth (year-on-year) 4 3 % 2 1 GDP * Money Supply ** GDP growth and Inflation 4 3 % 2 1 GDP * Inflation *** Money supply growth and Inflation 4 3 % 2 1 Money Supply ** Inflation *** * at constant prices ** M+ *** yearly average 14