Economy #YouAsked Is Ghana the country with the highest number of mobile money users in Africa? Source The 2017 Global Findex database Short answer Is Ghana the country with the highest number of mobile money users in Africa? No. According to the World Bank’s latest Global Findex database, 73% of adults in Kenya had a mobile money account in 2017. In Uganda and Zimbabwe, the figure stood at about 50%.The share of adults owning a mobile money account in Ghana in 2017 was 39%. ... Back Full answer
Economy What is Ghana's debt to gross domestic product? Source GhanaFact Fact Check: Mahama’s claim on Ghana’s debt-to-GDP ratio in a BBC interview Short answer What is Ghana's debt to gross domestic product? Ghana’s debt-to-GDP rose to 71% as of 30 September 2020, according to the latest figures from the Bank of Ghana. However, the International Monetary Fund forecasts the country’s debt-to-GDP ratio will drop or rise slightly to 74.7% of the GDP in 2021. ... Back Full answer
Economy What is Ghana’s annual GDP growth rate? Source International Monetary Fund: World Economic Outlook Real GDP growth (Ghana) Short answer What is Ghana’s annual GDP growth rate? In 2021, the country's GDP growth rate was 4.2%. In 2020 it was 0.9%. ... Back Full answer
Economy What is Ghana’s inflation rate? Source International Monetary Fund: World Economic Outlook Inflation rate (Ghana) Short answer What is Ghana’s inflation rate? In 2021, the country’s inflation rate – as measured by the consumer price index – was 8.7%. This refers to the “annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals”. In 2020, it was 10.... Back Full answer
Economy Which sector makes the largest contribution to Ghana’s GDP? Source The World Bank In Ghana: Overview Short answer Which sector makes the largest contribution to Ghana’s GDP? Services contributed most to economic growth in 2019 (2.8%), followed by industry (2.4%) and agriculture (1.3%). ... Back Full answer
Economy What is Ghana’s unemployment rate? Source World Bank: Unemployment, total (% of total labour force) (modeled ILO estimate) - Ghana Short answer What is Ghana’s unemployment rate? Data from the World Bank puts Ghana's unemployment rate at 4.5% in 2020. ... Back Full answer
Economy Is Ghana among the world’s heavily indebted poor countries? Source International Monetary Fund response to an enquiry Short answer Is Ghana among the world’s heavily indebted poor countries? The Heavily Indebted Poor Countries (HIPC) initiative of the International Monetary Fund and the World Bank aims to ensure that “no poor country faces a debt burden it cannot manage”.The IMF announced in 2002 that Ghana would benefit from debt relief. The HIPC process was completed in 2004 and G... Back Full answer