Facts in Q&A format

The International Monetary Fund and the World Bank’s Heavily Indebted Poor Countries (HIPC) initiative aims to ensure that “no poor country faces a debt burden it cannot manage”. Out of the 39 countries on this list, 34 are in Africa – Ghana among them. ...

The services sector continues to be the largest sector of the Ghanaian economy in the second quarter of 2022 with a share of 45.8% of GDP at basic prices. This amounts to GH₵ 56.679 million (US$ 420.93 million). ...

Ghana’s annual inflation climbed to 29.8% in June 2022, the first time the country’s inflation rate has touched 29% since January 2004. Ghana Statistical Service’s latest consumer price index report says June’s inflation was accelerated by higher costs of transportation, household equipment ...

Ghana’s economy is projected to remain relatively strong over the medium term, supported by higher prices for key exports and strong domestic demand. GDP growth is projected to reach 5.5% in 2022 and average 5.3% over 2022. ...

Data from the World Bank put Ghana's unemployment rate at 4.7% in 2021. ...

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%. ...

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. ...