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BANK OF GHANA STATISTICAL BULLETIN MARCH 2013

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BANK OF GHANA

STATISTICAL BULLETIN

MArCH 2013

Prepared by Research DepartmentPublished by IDPS Department

Bank of GhanaP. O. Box GP 2674

Accra - Ghanawww.bog.gov.gh

ISSN: 0855 - 6229

Selected Economic Indicators 5 Charts 6Statistical Tables 11

Monetary Indicators

1. Monetary Survey 112. Assets of the Bank of Ghana 123. Liabilities of the Bank of Ghana 134. Assets of Deposit Money Banks 145. Liabilities of Deposit Money Banks 156. Sectoral Distribution of Outstanding Credit by Deposit Money Banks 167. Reserve Requirements of Deposit Money Banks 178. Bank Clearing and Debits 189. Consolidated Assets and Liabilities of Rural/Community Banks 19

Interest Rates

10. Interest Rates – Ranges 2011. Money Market & DMBs Rates 21

Government Fiscal Operations

12. Central Government Budget (Revenue) 2213. Central Government Budget (Expenditure) 2314. Central Government Fiscal Position (Financing) 2415. Fiscal Position – Narrow Coverage 2516. Outstanding Stock of Selected Financial Assets 2617. Holders and Structure of Domestic Debt 27

External Sector Indicators

18. International Reserves of Bank of Ghana 2819. Balance of Payments 2920. Merchandise Trade Flows 3021. Crude Oil and Petroleum Products Imports 3122. Ghana: Value, Volume and Unit Price of Exports 3223. Commodity Prices 3324. Ghana: Direction of Trade 3425. Foreign Exchange Rates (Interbank & Forex Bureaux Markets) 3526. Ghana: Public & Publicly Guaranteed External Debt 36

Real Sector Indicators

27. Ghana: Retail Prices of Major Petroleum Products 3728. National Consumer Price Index and Inflation Rates 3829. Gross Domestic Product at 2006 Constant Prices 3930. Gross Domestic Product at Current Prices 40

TABLE OF CONTENTS

STATISTICAL BULLETIN 5

Indi

cato

rs20

1020

1120

12

Dec

Mar

Jun

Sep

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Infla

tiona

ry M

easu

res [

CO

ICO

P Ba

sed]

(y-o

-y)

H

eadl

ine

Infla

tion(

%)

8.58

9.13

8.59

8.40

8.58

8.73

8.64

8.78

9.11

9.34

9.40

9.50

9.50

9.43

9.24

9.30

8.80

A

vera

ge In

flatio

n(%

) (yr

)10

.75

10.0

09.

098.

838.

728.

708.

668.

638.

648.

688.

758.

858.

949.

039.

089.

1411

.88

C

ore

1: IN

FXEU

(infl

atio

n ad

j. fo

r ene

rgy

& u

tility

)8.

038.

177.

527.

757.

938.

107.

908.

108.

89.

179.

249.

349.

159.

219.

029.

088.

62

Mon

etar

y Se

ctor

Indi

cato

rs (y

-o-y

) Gro

wth

(%)

P

rivat

e Se

ctor

Cre

dit

19.8

610

.30

18.2

025

.50

26.3

032

.10

42.9

244

.62

37.4

039

.40

39.0

041

.30

43.7

043

.80

44.3

039

.00

39.3

0

R

eser

ve M

oney

(RM

)45

.22

37.6

052

.50

37.8

031

.10

38.8

224

.97

22.1

920

.20

35.7

045

.10

49.7

231

.55

49.3

030

.04

30.8

536

.00

T

otal

Liq

uidi

ty (M

2+)

35.0

036

.00

40.2

041

.90

33.2

032

.63

33.1

729

.06

30.1

034

.70

34.2

029

.64

30.7

628

.77

21.9

326

.25

24.3

2

B

road

Mon

ey (M

2)46

.20

36.4

036

.60

39.2

030

.20

29.6

630

.41

23.5

625

.00

28.9

030

.00

28.1

127

.91

24.8

718

.50

27.5

022

.91

Exte

rnal

Sec

tor D

evel

opm

ents

(US$

mill

ion)

N

et In

tern

atio

nal R

eser

ves

3,92

4.87

3,73

8.23

3,88

2.96

3,60

4.29

4,43

8.97

3,55

4.75

3,43

7.97

3,18

2.46

2,99

0.62

2,78

1.74

2,47

4.40

2,24

7.33

2,33

5.22

2,17

2.24

3,15

7.70

3,29

7.12

3,22

8.06

G

ross

Inte

rnat

iona

l Res

erve

s4,

724.

894,

503.

614,

764.

934,

594.

665,

382.

824,

557.

964,

708.

044,

640.

954,

401.

284,

166.

214,

090.

903,

989.

114,

192.

854,

096.

315,

168.

075,

250.

315,

348.

96

(e

quiv

in m

onth

s of i

mpo

rts o

f goo

ds &

serv

ices

)3.

703.

533.

832.

863.

262.

672.

762.

722.

502.

402.

482.

442.

552.

513.

113.

142.

99

Expo

rt*

2,11

4.89

3,10

4.30

3,35

3.13

3,33

9.30

2,98

8.69

n.a

n.a

4,11

8.11

n.a

n.a

3,41

4.88

n.a

n.a

2,70

2.61

n.a

n.a

3,30

5.83

Impo

rt*

3,03

6.05

3,34

4.03

4,00

5.55

4,09

8.27

4,38

9.87

n.a

n.a

4,11

7.93

n.a

n.a

4,74

7.16

n.a

n.a

4,34

4.33

n.a

n.a

4,55

3.38

Trad

e Ba

lanc

e*-9

21.1

6-2

39.7

3-6

52.4

2-7

58.9

7-1

,401

.18

n.a

n.a

0.18

n.a

n.a

-1,3

32.2

8n.

an.

a-1

,641

.72

n.a

n.a

-1,2

47.5

5

C

urre

nt A

ccou

nt (i

ncl.

offici

al tr

ansf

ers)

**-9

55.1

8-5

48.5

8-4

71.4

2-7

25.2

3-1

,921

.56

n.a

n.a

-986

.59

n.a

n.a

-1,5

28.7

8n.

an.

a-1

,539

.92

n.a

n.a

-866

.19

P

rivat

e Tr

ansf

ers (

net)*

*53

0.67

673.

7659

5.14

507.

6859

2.19

n.a

n.a

866.

93n.

an.

a47

6.76

n.a

n.a

372.

93n.

an.

a43

0.89

Com

mod

ity P

rice

Mov

emen

ts

C

ocoa

LIF

FE [

£ p

er to

nne]

1,99

4.48

2,16

1.61

1,85

8.55

1,82

3.52

1,40

6.00

1,49

2.00

1,50

1.00

1,50

2.00

1,45

6.00

1,49

9.00

1,51

7.00

1,56

2.73

1,63

8.65

1,65

9.10

1,55

7.39

1,56

9.32

1,50

8.05

G

old

[US$

per

fine

oun

ce]

1,39

1.16

1,42

2.50

1,52

8.25

1,76

8.96

1,65

8.49

1,63

2.18

1,73

0.50

1,67

1.28

1,64

7.70

1,57

9.24

1,60

2.91

1,59

0.96

1,63

1.05

1,74

6.89

1,74

4.96

1,72

1.17

1,67

8.82

B

rent

Cru

de O

il [U

S$ p

er b

arre

l]92

.34

114.

6211

3.91

109.

9610

7.72

111.

5512

6.96

124.

5512

0.37

109.

3695

.89

102.

7711

3.19

113.

0411

1.52

109.

5310

9.19

D

omes

tic P

etro

leum

Pric

es (G

per l

itre)

: Pre

miu

m1.

171.

521.

521.

521.

751.

751.

751.

751.

751.

751.

751.

751.

751.

751.

751.

751.

75

Rea

l Sec

tor I

ndic

ator

s(Ba

se: A

vg. 2

001=

100)

C

IEA

: yea

r-on

-yea

r gro

wth

(nom

inal

)16

.50

28.7

125

.48

27.2

621

.06

21.5

229

.59

20.3

611

.29

22.4

016

.52

17.2

116

.65

11.8

721

.37

19.0

113

.35

C

IEA

: yea

r-on

-yea

r gro

wth

(rea

l)10

.50

22.2

119

.57

21.5

315

.18

15.1

222

.82

13.3

04.

5015

.37

9.39

10.2

29.

234.

4214

.00

11.9

36.

73

Exte

rnal

Deb

t (In

mill

ion

of U

S$) B

y M

atur

ity

S

tock

6,25

4.55

6,68

1.87

7,08

2.64

7,34

5.38

7,58

9.45

7,73

3.98

7,77

8.37

7,82

1.26

7,98

2.37

7,55

3.67

7,70

4.63

7,72

0.51

7,51

4.98

7,84

3.16

7,84

5.88

7,85

4.91

8,83

5.56

E

xter

nal d

ebt/G

DP

(%)

20.9

017

.60

18.7

019

.80

20.8

017

.73

18.1

218

.38

18.9

219

.03

20.0

920

.25

19.7

820

.62

20.6

320

.65

20.8

0

D

ebt S

ervi

ce/E

xpor

ts o

f goo

ds a

nd se

rvic

es (%

) 3.

702.

403.

402.

503.

300.

500.

710.

801.

621.

070.

79n.

an.

a3.

20n.

an.

a3.

90

D

ebt S

ervi

ce/G

DP

(%)

0.30

0.20

0.30

0.30

0.30

0.05

0.07

0.08

0.16

0.12

0.09

0.10

0.07

0.09

0.16

0.12

0.19

Gov

ernm

ent F

isca

l Ope

ratio

ns (

Mill

ion

Gh

Ced

is)

Net

Dom

estic

Fin

anci

ng (N

DF)

-141

.82

629.

44-6

10.6

567

.75

-261

.84

761.

9095

.79

-117

.05

1027

.50

816.

6782

7.07

686.

1613

4.52

506.

2830

5.65

1579

.85

156.

67

ND

F as

% o

f GD

P-0

.31

1.05

-1.0

20.

11-0

.44

1.04

0.13

-0.1

61.

411.

121.

130.

940.

180.

690.

422.

160.

21

SELE

CTE

D E

CO

NO

MIC

IND

ICAT

OR

S

* = p

rovi

siona

l**

= Q

uart

erly

Ser

ies

n.a

= D

ata

not a

vaila

ble

STATISTICAL BULLETIN6

CHARTS

PRICE DEVELOPMENTS

Headline inflation ended the fourth quarter of 2012 at 8.8 per cent, down from 9.4 per cent in the preceding quarter. The decline in consumer price inflation was driven by declines in both Food and Non-Food indices, reflecting the tight monetary policy stance adopted especially after July 2012 and improved food supply situation. Food inflation declined from 4.4 per cent in September to 3.9 per cent in December 2012 while the Non-Food index declined from 12.4 per cent at the end of the third quarter of 2012 to 11.6 per cent at the end of December 2012.

Inflation Trend: Combined, Food & Non-Food

Actual and Bank of Ghana’s Core Inflation

Inflation Rate: Dec. (2011 & 2012)

Contribution to Overall Inflation Dec. (2011 & 2012): Non-food Inflation (%)

0.0  

2.0  

4.0  

6.0  

8.0  

10.0  

12.0  

14.0  

Jan.2011  Feb      

Mar      

Apr        

May      Jun     Ju

l      

Aug      Sep  

Oct  Nov  

Dec  

Jan.2012  Feb      

Mar      

Apr  May  Jun   Ju

l  Aug  

Sep  

Oct  Nov  

Dec  

Per  cent  

InflaBon  Trend:  Combine,  Food  &  Non-­‐Food  

Combined   Food   Non-­‐Food  

0  

2  

4  

6  

8  

10  

12  

Composite   Food   Non-­‐Food  

Per  cenrt  

 Infla;on  Rate:  Dec  (2011  &  2012)  

Dec.  2011       Dec.  2012      

7.0

7.5

8.0

8.5

9.0

9.5

10.0

Jan.20

11

Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct

Nov

Dec

Jan.20

12

Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct Nov

Dec

Perc

ent

Actual and Bank of Ghana's Core Inflation

Core Inflation CPI Inflation

0 5 10 15 20 25

Clothing and Footwear

Hotel, Cafes & Restaurants

Household goods, operations & services

Recreation, entertainment & Cultural services

Transport

Housing & Utilities

Medical care and Health services

Alcohol & Tabacco

Miscellaneous goods & Services

Education

Communications

13.11  

5.23  

13.07  

13  

22.7  

6.93  

7.59  

11.38  

19.02  

2.48  

0.65  

13.58  

8.41  

12.65  

10.39  

20.57  

7.66  

9.45  

15.12  

14.37  

16.47  

0.43  

Contribution to Overall Inflation (December): Non-food Inflation (%)

Dec. 2012 Dec. 2011

STATISTICAL BULLETIN 7

MONETARY DEVELOPMENTS

The annual growth rate of broad money including foreign currency deposits (M2+) increased by 24.3 per cent in December 2012, down from 33.2 per cent at end-December 2011. M2+ stood at GH¢22,618.6 million (30.9% of GDP) at the end of December 2012 as against a level of GH¢18,195.2 million (30.4% of GDP) recorded at the end of December 2011. The growth in M2+ was driven by a 49.9 per cent growth in Net Domestic Assets (NDA), which was moderated by a 9.1 per cent decline in Net Foreign Assets (NFA) of the banking system

Ghana Monetary Survey

Components of Money Supply

Reserve Money & Its Components

M2/GDP

-

5,000.0

10,000.0

15,000.0

20,000.0

25,000.0

Jan.20

11 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep.20

11

Oct Nov

Dec

Jan.20

12 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct Nov

Dec

GH

¢' M

illio

ns

Ghana Monetary Survey

Net Foreign Assets Net Domestic Assets Money Supply (M2+)

 -­‐      

 1,000.0    

 2,000.0    

 3,000.0    

 4,000.0    

 5,000.0    

 6,000.0    

 7,000.0    

 8,000.0    

 9,000.0    

Jan.20

11 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct

Nov

Dec

Jan.20

12 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct Nov

Dec

GH

¢'M

illio

ns

Reserve Money & Its Components

                 Reserves  of  Banks                    Currency  outside  Banks   Reserve  Money  (RM)  

-

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

7,000.0

Jan.20

11

Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep.20

11

Oct Nov

Dec

Jan.20

12

Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct Nov

Dec

GH

¢' M

illio

ns

Components of Money Supply

Currency Outside Banks Demand Deposits Time & Savings Deposits Foreign Currency Deposits

15.0

16.0

17.0

18.0

19.0

20.0

21.0

22.0

23.0

24.0

25.0

Jan.20

11 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct

Nov

Dec

Jan.20

12 Feb

Mar

Apr

May

Ju

n Ju

l Aug

Sep

Oct Nov

Dec

Per

cent

M2/GDP

STATISTICAL BULLETIN8

DOMESTIC INTEREST RATES

The Monetary Policy Committee (MPC) maintained the policy rate at 15.0 per cent during the review quarter in line with inflation expectations. However, rates on both the money market and interbank market continued their upward trend since the beginning of the year.

In the Treasury securities market, average interest rates on the short-term (91-day, 182-day, 1-year) and the medium-term instruments (2-year notes) also continued to rise during the fourth quarter. Bank lending rates during the review quarter however remained unchanged at 25.72 per cent recorded in September 2012.

Policy Rates

DMBs Credit Aggregate

Money Market Rates

DMBs Rates

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

Perc

ent

Policy rates & Weighted Average Inter-Bank rate

Prime Rate Weighted Avg.Inter-Bank Rate

5.0

7.0

9.0

11.0

13.0

15.0

17.0

19.0

21.0

23.0

25.0

Perc

ent

Money Market rates

91-Day (T/Bill Int Equiv) 182-Day(T/Bill Int Equiv) 1-Year

-

2,000.0

4,000.0

6,000.0

8,000.0

10,000.0

12,000.0

14,000.0

GH

¢' M

illio

n

DMBs Credit Aggregate

PUBLIC PrIVATE GOVT.(Net)

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Perc

ent

DMBs rates

Savings rate (3-month Time Deposit Rate) Average Lending Rate

STATISTICAL BULLETIN 9

FISCAL DEVELOPMENTS

Government fiscal operations during the fourth quarter of 2012 showed a weakened fiscal position as growth in total revenues and grants was outpaced by strong upsurge in expenditures. Total revenue and grants amounted to GH¢4,874.8 million (6.7% of GDP) in the fourth quarter of 2012, while total Government expenditures amounted to GH¢7,049.7 million (9.6% of GDP).

Consequently, the budget resulted in an overall deficit of GH¢3,040.8 million (4.2% of GDP), which was financed from both foreign and domestic sources.

Summary of Government Finances Primary Balance as Percentage of GDP

-4,000.0

-2,000.0

0.0

2,000.0

4,000.0

6,000.0

8,000.0

2008

Q2

Q3

Q4

2009

Q1

Q2

Q3

Q4

2010

Q1

Q2

Q3

Q4

2011

Q1

Q2

Q3

Q4

2012

Q1

Q2

Q3

Q4

GH

¢' M

illio

n

Summary of Government Finances

DEFICIT / SURPLUS TOTAL REVENUE & GRANTS TOTAL EXPENDITURE & NET LENDING

-12.0

-10.0

-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Q1

2012

Q2

2012

Q3

2012

Q4

Primary Balanace as Percentage of GDP

STATISTICAL BULLETIN10

EXTERNAL SECTOR DEVELOPMENTS, FOREIGN EXCHANGE RATESAND EXTERNAL DEBT

The value of goods exported increased by 10.6 per cent to US$3,305.8 million during the fourth quarter of 2012 compared with US$2,988.7 million recorded in the corresponding quarter of 2011. The growth was mainly attributed to increased export earnings from gold, oil and non-traditional export items. The total imports bill during the fourth quarter of 2012, however, grew by 3.7 per cent to US$4,553.4 million from the level recorded in the corresponding period of 2011. This increase was mainly driven by a 11.4 per cent increase in non-oil imports which outpaced the 22.0 per cent decline in the value of oil imports.

Gross international reserves declined by US$33.9 million to US$5,349.0 million at end-December 2012, from a stock position of US$5,382.8 million recorded at the end of December 2011. The level of reserves was sufficient to provide a cover of 3.0 months of imports of goods and services, compared to 3.2 months of imports cover at the end of December 2011.

On the domestic currency market, the Ghana cedi strengthened marginally against the major international currencies in the fourth quarter of 2012 as policy measures, implemented in the second half of 2012 to contain the high volatility in the foreign exchange market, took hold. In the Interbank market, the Ghana cedi appreciated by only 0.5 per cent cumulatively against the US dollar but depreciated by 0.5 per cent and 1.1 per cent against the pound sterling and the euro respectively during the quarter. Similarly, in the forex bureau market, the Ghana cedi appreciated by 1.4 per cent and 2.3 per cent against the US dollar and the pound sterling respectively but depreciated by 0.5 per cent against the euro during the review quarter.

Ghana’s total outstanding external debt stock at the end of December 2012 stood at US$8,835.6 million.

International Reserves End Period Inter-Bank Transaction Exchange Rate (Per Ghana Cedis)

0.00

1,000.00

2,000.00

3,000.00

4,000.00

5,000.00

6,000.00

US$

Mill

ions

International Reserves

Gross Reserves Net Reserves

0

0.5

1

1.5

2

2.5

3

3.5

Gha

na C

edis

End Period Inter-Bank Transaction Exchange Rate (Per Ghana Cedis)

US Dollar Pound Sterling EURO

STATISTICAL BULLETIN 11

(Mill

ions

of G

hana

Ced

is )

Cla

ssifi

catio

n20

1120

12

Dec

Jan

Feb

Mar

Apr

ilM

ayJu

nJu

lA

ugSe

pO

ctN

ovD

ec

Net

For

eign

Ass

ets

BO

G 6

,669

.60

5,7

18.5

8 5

,762

.86

5,3

24.0

2 4

,978

.91

4,8

46.8

4 4

,483

.28

3,9

89.7

4 3

,690

.22

4,0

37.8

4 6

,123

.22

6,2

71.9

9 5

,781

.06

D

MBs

1,2

10.3

6 1

,463

.14

1,5

85.2

5 1

,506

.23

1,7

01.3

1 2

,028

.06

2,0

07.4

7 1

,538

.87

1,7

75.8

3 1

,588

.12

1,3

94.8

6 1

,210

.28

1,1

72.3

3

Net

Dom

estic

Ass

ets

10,

315.

23

10,

915.

64

10,

922.

34

11,

669.

91

12,

478.

37

12,

956.

49

13,

908.

36

14,

376.

74

14,

656.

83

14,

785.

98

13,

123.

91

14,

476.

81

15,

666.

66

C

laim

s on

Gov

't 7

,423

.39

7,4

99.0

4 7

,665

.11

7,7

34.2

9 7

,615

.54

7,7

68.9

0 7

,749

.60

6,9

97.0

1 7

,080

.12

6,7

02.0

7 7

,384

.80

7,4

76.1

2 9

,122

.62

G

ovt.

Dep

osits

2,2

42.8

4 1

,624

.19

1,8

36.0

1 2

,345

.39

1,2

20.0

8 1

,046

.50

457

.24

-320

.87

535

.73

24.

14

1,3

84.8

0 1

53.5

3 1

,406

.36

C

laim

s on

priv

ate

sect

or 9

,841

.10

11,

020.

53

11,

265.

45

10,

899.

07

10,

749.

00

11,

191.

84

11,

518.

58

12,

016.

45

12,

637.

52

12,

847.

98

12,

888.

67

14,

889.

43

13,

139.

37

O

ther

Item

s (ne

t)-4

,706

.42

-5,9

79.7

4-6

,172

.21

-4,6

18.0

6-4

,666

.09

-4,9

57.7

5-4

,902

.59

-4,9

57.5

9-4

,525

.09

-4,7

39.9

3-5

,764

.76

-7,7

35.2

1-5

,188

.97

Tota

l Ass

ets

18,

195.

19

18,

097.

37

18,

270.

45

18,

500.

16

19,1

58.5

9 19

,831

.40

20,3

99.1

1 19

,905

.35

20,1

22.8

8 20

,411

.94

20,

641.

99

21,

959.

08

22,6

20.0

5

Mon

ey S

uppl

y M

2+

C

urre

ncy

outs

ide

bank

s 3

,763

.27

3,6

10.1

4 3

,385

.72

3,4

88.8

9 3

,551

.07

3,6

08.6

9 3

,638

.47

3,6

84.6

0 3

,761

.00

3,8

47.7

7 4

,081

.22

4,5

69.8

4 4

,918

.56

D

eman

d de

posit

s 4

,951

.14

4,8

65.7

0 4

,868

.95

4,6

36.2

9 5

,063

.48

5,2

01.5

9 5

,624

.00

5,3

64.4

8 5

,270

.36

5,4

37.6

1 5

,667

.65

6,1

09.6

9 6

,238

.18

Sa

ving

s & T

ime

depo

sits

5,5

26.6

4 5

,355

.06

5,5

15.0

7 5

,547

.29

5,5

76.5

0 5

,808

.65

5,7

32.1

1 5

,811

.04

5,9

03.1

0 5

,774

.14

5,7

96.1

5 6

,289

.13

6,3

46.5

2

Fo

reig

n cu

rren

cy d

epos

its 3

,954

.15

4,2

66.4

7 4

,500

.71

4,8

27.6

8 4

,967

.54

5,2

12.4

6 5

,404

.53

5,0

45.2

4 5

,188

.41

5,3

52.4

2 5

,096

.96

4,9

90.4

3 5

,116

.80

Tota

l Lia

bilit

ies

18,

195.

19

18,

097.

37

18,

270.

45

18,

500.

16

19,1

58.5

9 19

,831

.40

20,3

99.1

1 19

,905

.35

20,1

22.8

8 20

,411

.94

20,

641.

99

21,

959.

08

22,6

20.0

5

Mem

oran

dum

Item

s

Re

serv

e M

oney

5,7

36.0

5 5

,509

.61

5,0

68.4

6 5

,017

.59

5,1

94.8

9 6

,017

.14

6,1

31.2

7 6

,230

.03

5,7

25.2

9 6

,252

.52

6,5

79.1

2 7

,086

.37

7,8

46.9

4

Cu

rren

cy /

Dep

osit

Ratio

0.2

6 0

.25

0.2

3 0

.23

0.2

3 0

.22

0.2

2 0

.23

0.2

3 0

.23

0.2

5 0

.26

0.2

8

Cu

rren

cy /

M2+

Rat

io 0

.21

0.2

0 0

.19

0.1

9 0

.19

0.1

8 0

.18

0.1

9 0

.19

0.1

9 0

.20

0.2

1 0

.22

Tabl

e 1.

Mon

etar

y Su

rvey

TABL

ES

STATISTICAL BULLETIN12

(Mill

ions

of G

hana

Ced

is )

Ass

et C

lass

ifica

tion

2011

2012

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Fore

ign

Ass

ets

G

old

498

.80

527

.98

536

.79

542

.26

547

.56

581

.85

602

.24

606

.05

583

.69

582

.77

580

.16

579

.11

633

.88

SD

R H

oldi

ng 6

69.7

6 7

05.5

4 7

19.7

7 7

23.4

4 5

47.5

6 7

52.1

4 7

63.0

8 7

59.0

0 7

67.2

6 7

75.9

0 7

62.7

0 7

60.7

2 7

49.2

2

Fo

reig

n Cu

r.& B

al. w

ith B

ks 8

81.1

2 2

73.2

9 8

12.0

6 9

22.8

7 1

72.2

4 3

68.6

9 3

27.3

6 4

83.8

4 2

05.5

1 7

46.9

4 1

,980

.73

1,9

74.6

4 1

,913

.08

Fo

reig

n Se

curit

ies

6,2

47.5

3 5

,936

.91

5,7

53.6

3 5

,562

.97

5,9

74.3

6 5

,761

.14

5,8

94.4

1 5

,594

.67

5,7

64.0

3 5

,548

.48

6,3

08.0

7 6

,453

.21

6,4

01.7

3

O

ther

s 3

9.21

3

9.52

3

9.53

7

4.03

7

4.13

7

4.16

7

4.35

7

4.38

7

4.42

7

4.53

7

4.40

7

4.45

7

4.51

Tot

al 8

,336

.43

7,4

83.2

4 7

,861

.79

7,8

25.5

7 7

,493

.88

7,5

37.9

9 7

,661

.43

7,5

17.9

4 7

,394

.90

7,7

28.6

2 9

,706

.07

9,8

42.1

3 9

,772

.41

Cla

ims o

n G

over

nmen

t

G

hana

Gov

ernm

ent S

tock

s 2

,676

.32

2,7

12.9

0 2

,742

.42

2,7

69.5

3 2

,837

.67

2,8

62.0

7 2

,862

.18

2,7

90.1

5 2

,790

.23

2,6

86.3

8 2

,617

.07

2,6

16.9

7 3

,673

.45

Tr

easu

ry B

ills

5.7

8 5

.67

9.0

3 2

6.06

2

5.86

2

6.94

3

6.59

1

6.63

1

52.9

1 2

59.8

5 2

46.2

9 1

12.2

0 6

2.12

Lo

ans &

Adv

ance

s 4

97.4

1 4

15.4

8 4

52.8

3 5

13.2

6 5

56.5

4 5

95.0

1 6

35.6

8 3

97.0

0 3

97.0

1 3

97.0

2 3

97.0

1 3

97.0

1 3

97.0

1

Re

valu

atio

n St

ock

0.00

0.

00

0.00

0.

00

0.00

0.

00

0.00

0.

00

0.00

0.

00

0.00

0.

00

0.00

To

tal

3,1

79.5

1 3

,134

.06

3,2

04.2

8 3

,308

.86

3,4

20.0

8 3

,484

.02

3,53

4.45

3,

203.

79

3,34

0.15

3,

343.

24

3,26

0.37

3,

126.

19

4,13

2.58

Cla

ims o

n Pu

blic

Cor

pora

tions

849

.56

853

.26

857

.27

1,0

36.6

7 1

,026

.02

1,2

71.9

2 1

,078

.34

1,0

79.9

2 1

,081

.27

1,4

64.8

0 1

,585

.50

1,3

94.6

9 1

,859

.98

Cla

ims o

n D

MBs

105

.14

107

.70

103

.55

101

.49

83.

45

33.

45

33.

43

33.

48

78.

78

37.

55

38.

38

87.

49

90.

56

Oth

er A

sset

s 1

,107

.81

936

.01

953

.49

1,0

85.6

7 9

82.7

7 7

95.2

0 1

,713

.85

1,3

10.5

9 2

,084

.41

1,5

91.0

4 1

,505

.69

1,7

08.0

4 2

,221

.44

Tota

l Ass

ets

13,

578.

44

12,

514.

27

12,

980.

38

13,3

58.2

5 13

,006

.20

13,1

22.5

7 14

,021

.49

13,1

45.7

1 13

,979

.51

14,1

65.2

5 1

6,09

6.01

1

6,15

8.53

18

,076

.99

Tabl

e 2.

A

sset

s of

Bank

of G

hana

STATISTICAL BULLETIN 13

(Mill

ions

of G

hana

Ced

is )

Cla

ssifi

catio

n20

1120

12

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Cur

renc

y In

Cir

cula

tion

4,2

44.2

7 4

,021

.81

3,7

54.2

2 3

,868

.95

3,9

45.0

6 4

,007

.02

4,0

09.6

9 4

,097

.12

4,1

79.7

5 4

,297

.27

4,5

79.3

2 5

,017

.11

5,5

55.4

7

Dep

osits

G

over

nmen

t 1

,236

.46

699

.82

926

.18

1,3

88.6

1 2

42.8

7 1

18.8

5 -5

19.7

3 -1

,302

.12

-456

.64

-1,0

03.0

3 32

.38

-1,2

32.2

1 -7

.05

C

omm

erci

al B

anks

1

,359

.20

1,3

50.7

0 1

,170

.96

1,0

17.2

9 1

,114

.99

1,7

81.3

4 1

,992

.04

1,9

76.0

8 1

,399

.99

1,8

11.8

3 1,

859.

50

1,91

5.00

2,

029.

80

P

ublic

Inst

itutio

ns

64.

96

41.

48

78.

74

39.

40

38.

09

151

.23

43.

00

83.

52

74.

37

263

.35

103.

03

231.

96

67.7

3

T

otal

2

,660

.62

2,0

91.9

9 2

,175

.88

2,4

45.2

9 1

,395

.95

2,0

51.4

2 1

,515

.31

757

.48

1,0

17.7

2 1

,072

.15

1,9

94.9

1 9

14.7

5 2

,090

.48

For

eign

Lia

bilit

ies

1,6

66.8

3 1

,764

.65

2,0

98.9

3 2

,501

.55

2,5

14.9

7 2

,691

.14

3,1

78.1

5 3

,528

.20

3,7

04.6

9 3

,690

.78

3,5

82.8

5 3

,570

.14

3,9

91.3

5

Cap

ital a

nd R

eser

ves

154

.42

-69.

47

-69.

54

-69.

62

-69.

65

-69.

46

-69.

46

-69.

46

-69.

46

-69.

46

-69.

46

-69.

46

-90.

54

Oth

er L

iabi

litie

s 4

,852

.30

4,7

05.2

8 5

,020

.88

4,6

12.0

8 5

,219

.88

4,4

42.4

5 5

,387

.80

4,8

32.3

8 5

,146

.82

5,1

74.5

0 6,

008.

39

6,72

5.98

6,

530.

23

Tot

al L

iabi

litie

s 1

3,57

8.44

1

2,51

4.27

1

2,98

0.38

1

3,35

8.25

1

3,00

6.20

1

3,12

2.57

1

4,02

1.49

1

3,14

5.71

1

3,97

9.51

14

,165

.25

16,

096.

01

16,

158.

53

18,0

76.9

9

Tabl

e 3.

Lia

bilit

ies o

f Ban

k of

Gha

na

STATISTICAL BULLETIN14

(Mill

ions

of G

hana

Ced

is )

Cla

ssifi

catio

n20

1120

12

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Cas

h R

eser

ves

C

ash

in T

ill 4

81.0

0 4

11.6

7 3

68.5

1 3

80.0

6 3

93.9

9 3

98.3

3 3

71.2

2 4

12.5

2 4

18.7

4 4

49.5

0 4

98.1

0 4

47.2

8 6

36.9

2

B

alan

ce at

Ban

k of

Gha

na 2

,280

.76

1,9

52.8

1 2

,177

.33

1,6

39.8

5 2

,121

.49

2,1

97.9

1 2

,553

.57

2,2

46.7

0 1

,947

.41

2,2

73.6

9 2

,325

.43

2,5

10.8

7 2

,692

.76

To

tal

2,7

61.7

6 2

,364

.49

2,5

45.8

4 2

,019

.91

2,5

15.4

7 2

,596

.24

2,9

24.7

9 2

,659

.22

2,3

66.1

5 2

,723

.20

2,8

23.5

4 2

,692

.76

3,3

29.6

7

Fore

ign

Ass

ets

1,9

53.7

6 2

,272

.23

2,3

76.1

2 2

,286

.59

2,4

48.4

6 2

,765

.58

2,7

53.8

8 2

,405

.98

2,6

90.4

4 2

,377

.25

2,3

40.5

0 2

,119

.49

2,1

26.8

5

Cla

ims o

n G

over

nmen

t

G

over

nmen

t Sto

cks

2,6

15.5

0 2

,421

.00

2,4

03.5

4 2

,237

.68

2,0

97.0

3 1

,933

.34

2,0

31.7

4 1

,721

.39

1,9

70.1

0 1

,666

.40

2,3

66.0

0 2

,387

.04

2,9

14.8

0

T

reas

ury

Bills

946

.38

1,2

61.9

9 1

,375

.29

1,5

05.7

5 1

,416

.43

1,6

69.5

4 1

,501

.42

1,3

89.8

3 1

,087

.87

1,0

10.4

2 1

,076

.43

1,2

80.8

9 1

,393

.23

T

OR

Bond

s 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0 6

82.0

0

To

tal

4,2

43.8

8 4

,364

.98

4,4

60.8

3 4

,425

.43

4,1

95.4

6 4

,284

.88

4,2

15.1

6 3

,793

.23

3,7

39.9

8 3

,358

.83

4,1

24.4

3 4

,349

.93

4,9

90.0

3

Cla

ims o

n Pu

blic

Cor

pora

tion

O

ther

Bill

s 2

97.2

1 2

97.2

1 3

02.3

9 3

84.0

4 4

26.3

1 3

42.9

0 3

46.8

3 3

54.3

8 4

34.6

2 2

14.8

3 9

4.56

1

16.3

7 1

13.8

6

L

oans

& A

dvan

ces

791

.54

838

.55

927

.25

1,1

26.8

4 9

95.1

5 1

,149

.42

1,1

33.5

8 1

,169

.53

1,3

88.6

9 1

,482

.03

1,3

62.5

8 1

,470

.35

1,5

48.1

5

T

otal

1,0

88.7

4 1

,135

.75

1,2

29.6

3 1

,510

.88

1,4

21.4

6 1

,492

.32

1,4

80.4

1 1

,523

.90

1,8

23.3

1 1

,696

.86

1,4

57.1

4 1

,586

.72

1,6

62.0

1

Cla

ims o

n Pr

ivat

e Se

ctor

8,7

52.3

6 8

,848

.11

9,0

09.7

9 9

,388

.18

9,3

27.5

4 9

,699

.52

10,

038.

17

10,

492.

54

10,

814.

22

11,

151.

12

11,

431.

53

11,

442.

73

11,

477.

37

Oth

er A

sset

s 2

,808

.97

3,1

43.6

5 2

,871

.89

3,1

18.0

4 3

,177

.74

3,4

33.4

4 3

,375

.12

3,6

99.5

7 3

,769

.63

3,9

74.0

3 3

,763

.26

4,0

73.6

8 3

,838

.72

Tota

l Ass

ets

21,

609.

47

22,

129.

21

22,

494.

10

22,

749.

04

23,

086.

13

24,

271.

99

24,

787.

53

24,

574.

44

25,

203.

71

25,

281.

28

25,

940.

40

26,

530.

70

27,

424.

65

Tabl

e 4.

Ass

ets o

f Dep

osit

Mon

ey B

anks

STATISTICAL BULLETIN 15

(Mill

ions

of G

hana

Ced

is )

Cla

ssifi

catio

n20

1120

12

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

PRIV

ATE

SEC

TOR

DEP

OSI

TS

D

eman

d D

epos

its 4

,337

.14

4,1

76.4

7 4

,240

.91

4,0

71.9

3 4

,536

.78

4,4

73.0

7 4

,950

.82

4,7

35.1

7 4

,563

.26

4,5

89.3

8 4

,797

.70

5,1

65.4

5 5

,532

.97

F

orei

gn C

urre

ncy

Dep

osits

3,9

54.1

5 4

,266

.47

4,5

00.7

1 4

,827

.68

4,9

67.5

4 5

,212

.46

5,4

04.5

3 5

,045

.24

5,1

88.4

1 5

,352

.42

5,0

96.9

6 4

,990

.43

5,1

16.8

0

S

avin

gs D

epos

its 2

,554

.52

2,5

77.5

8 2

,668

.10

2,6

99.7

8 2

,695

.60

2,8

27.5

2 2

,894

.89

2,9

95.6

0 2

,995

.16

2,9

32.8

3 2

,995

.82

3,2

03.2

4 3

,339

.88

T

ime

Dep

osits

2,5

20.6

0 2

,378

.35

2,3

98.6

7 2

,408

.64

2,5

39.2

9 2

,532

.40

2,4

46.4

3 2

,413

.17

2,5

95.5

3 2

,479

.18

2,4

74.5

3 2

,725

.60

2,7

38.5

0

To

tal

13,

366.

42

13,

398.

87

13,

808.

39

14,

008.

02

14,

739.

21

15,

045.

44

15,

696.

67

15,

189.

18

15,

342.

37

15,

353.

80

15,

365.

01

16,0

84.7

2 1

6,72

8.15

PU

BLIC

SEC

TOR

DEP

OSI

TS

D

eman

d D

epos

its 4

37.8

9 5

34.8

3 4

49.9

5 4

09.0

6 3

72.5

0 5

68.6

3 5

19.0

8 4

59.1

0 5

31.0

0 4

75.5

3 6

53.0

5 6

02.8

4 4

30.0

1

S

avin

gs D

epos

its 3

.29

9.4

8 9

.06

9.4

2 3

.96

4.0

5 4

.75

5.4

3 4

.04

5.9

2 4

.76

4.0

4 5

.94

T

ime

Dep

osits

448

.23

389

.66

439

.24

429

.46

337

.65

444

.69

386

.04

396

.83

308

.36

356

.22

321

.04

356

.24

262

.20

To

tal

889

.41

933

.96

898

.25

847

.94

714

.10

1,0

17.3

7 9

09.8

7 8

61.3

7 8

43.4

0 8

37.6

7 9

78.8

6 9

63.1

3 6

98.1

5

GO

VER

NM

ENT

DEP

OSI

TS 1

,006

.38

924

.37

909

.83

956

.78

977

.21

927

.66

976

.96

981

.24

992

.37

1,0

27.1

7 1

,352

.41

1,3

85.7

5 1

,413

.41

FOR

EIG

N L

IABI

LITI

ES 7

43.4

0 8

09.0

8 7

90.8

7 7

80.3

6 7

47.1

5 7

37.5

2 7

46.4

1 8

67.1

2 9

14.6

1 7

89.1

3 9

45.6

4 9

09.2

1 9

54.5

2

CR

EDIT

FRO

M B

AN

K O

F G

HA

NA

80.

59

84.

62

85.

24

102

.69

90.

88

94.

48

95.

98

97.

20

190

.13

100

.99

94.

91

95.

17

175

.11

PAID

-UP

CA

PITA

L &

RES

ERV

ES 3

,048

.19

3,1

57.9

9 3

,156

.51

3,2

36.2

3 3

,136

.41

3,0

58.1

9 3

,244

.44

3,3

21.1

7 3

,460

.74

3,5

62.3

1 3

,660

.84

3,8

13.3

1 4

,037

.20

OTH

ER L

IABI

LITI

ES 2

,475

.10

2,8

20.3

1 2

,845

.02

2,8

17.0

1 2

,681

.17

3,3

91.3

4 3

,117

.19

3,2

57.1

7 3

,460

.09

3,6

10.2

2 3

,542

.72

3,2

79.4

2 3

,418

.11

TOTA

L LI

ABI

LITI

ES 2

1,60

9.47

2

2,12

9.21

2

2,49

4.10

2

2,74

9.04

2

3,08

6.13

2

4,27

1.99

2

4,78

7.53

2

4,57

4.44

2

5,20

3.71

2

5,28

1.28

2

5,94

0.40

2

6,53

0.70

2

7,42

4.65

Tabl

e 5.

Lia

bilit

ies o

f Dep

osit

Mon

ey B

anks

STATISTICAL BULLETIN16

(Mill

ions

of G

hana

Ced

is )

Sect

ors

2011

2012

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Agr

icul

ture

For

estr

y &

Fish

ing

537

.16

580

.37

559

.32

608

.23

597

.91

584

.49

602

.45

613

.32

612

.38

645

.26

629

.93

647

.33

631

.27

Min

ing

& Q

uarr

ying

398

.50

126

.15

127

.77

132

.18

130

.32

149

.80

169

.11

173

.29

147

.13

162

.38

170

.33

128

.65

148

.34

Man

ufac

turin

g 8

36.9

4 8

62.1

3 8

71.2

7 9

46.7

8 9

89.8

2 1

,165

.28

1,0

42.6

6 1

,273

.98

1,2

68.8

0 1

,322

.85

170

.33

1,3

10.3

2 1

,436

.46

Con

stru

ctio

n 7

51.6

4 3

77.2

3 3

81.2

9 4

33.1

4 4

41.8

6 5

02.9

7 5

68.5

6 5

47.1

5 5

36.3

9 5

44.0

4 5

35.4

1 6

07.5

2 6

25.7

1

Elec

tric

ity, G

as &

Wat

er 6

25.0

2 3

92.5

2 3

88.3

7 4

05.5

9 4

02.1

9 3

59.6

6 3

00.6

3 3

20.4

3 3

38.1

3 3

02.9

3 3

46.0

3 2

84.4

6 2

76.8

7

Impo

rt T

rade

861

.51

879

.63

841

.63

895

.77

847

.10

943

.15

987

.66

1,0

01.6

8 1

,036

.99

1,1

31.2

4 1

,087

.43

1,2

46.9

0 1

,038

.04

Expo

rt T

rade

112

.66

759

.69

775

.53

813

.87

861

.37

908

.28

959

.76

958

.96

977

.87

985

.41

1,0

04.0

7 8

95.7

8 1

,100

.30

Dom

estic

Tra

de 1

,520

.93

1,5

38.9

7 1

,672

.88

1,7

59.0

8 1

,653

.86

1,8

30.8

6 1

,986

.10

1,9

38.5

7 2

,142

.64

2,1

15.5

4 2

,124

.34

2,2

71.5

1 2

,202

.22

Tran

spor

t, St

orag

e &

Com

mun

icat

ion

391

.68

717

.91

965

.29

956

.15

787

.30

748

.49

729

.11

943

.32

1,1

66.7

4 1

,200

.62

1,0

84.2

2 9

31.8

5 1

,028

.41

Serv

ices

2,5

07.6

9 2

,440

.53

2,5

08.0

4 2

,658

.09

2,6

79.5

3 2

,699

.40

2,7

55.6

8 2

,871

.22

2,8

86.1

6 3

,150

.72

3,2

95.6

4 3

,407

.23

3,4

31.2

7

Oth

ers

757

.79

958

.48

791

.72

847

.26

874

.94

905

.85

1,0

24.0

2 9

79.3

8 1

,054

.10

1,0

32.6

0 1

,083

.97

1,1

23.0

8 1

,046

.64

Tota

l (ex

clud

ing

coco

a m

arke

ting)

9,3

01.5

3 9

,633

.61

9,8

83.1

0 1

0,45

6.14

1

0,26

6.19

1

0,79

8.24

1

1,12

5.74

1

1,62

1.31

1

2,16

7.32

1

2,59

3.61

1

2,74

7.97

1

2,85

4.64

1

2,96

5.52

Coc

oa M

arke

ting

50.

90

53.

04

53.

94

58.

89

56.

50

50.

70

46.

02

40.

76

35.

58

39.

54

46.

14

58.

44

59.

99

Tota

l 9

,352

.42

9,6

86.6

5 9

,937

.04

10,

515.

03

10,

322.

70

10,

848.

94

11,

171.

75

11,

662.

07

12,

202.

90

12,

633.

15

12,

794.

11

12,

913.

07

13,

025.

51

Tabl

e 6.

Sec

tora

l Dis

trib

utio

n of

Out

stan

ding

Cre

dit b

y D

epos

it M

oney

Ban

ks

STATISTICAL BULLETIN 17

(Mill

ions

of G

hana

Ced

is )

Cla

ssifi

catio

n20

1120

12

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Liqu

idity

Res

erve

s

Pr

imar

y R

eser

ve

D

omes

tic 1

,391

.5

1,1

64.8

1

,138

.5

1,1

35.9

1

,164

.7

1,5

94.4

1

,753

.7

1,8

21.8

1

,796

.9

1,7

70.9

1

,874

.0

2,0

28.6

2

,044

.8

Fo

reig

n 5

18.5

5

27.9

6

22.9

6

80.2

6

65.8

4

94.3

4

12.0

4

15.4

4

09.7

4

20.2

3

58.8

3

33.9

4

29.2

T

otal

1,9

10.0

1

,692

.7

1,7

61.4

1

,816

.1

1,8

30.5

2

,088

.7

2,1

65.7

2

,237

.2

2,2

06.6

2

,191

.1

2,2

32.8

2

,362

.5

2,4

74.1

Dep

osits

Dom

estic

10,

837.

4 9

,392

.0

11,

064.

9 1

1,06

9.9

11,

428.

7 1

1,34

1.8

11,

492.

0 1

1,95

9.4

11,

947.

7 1

2,05

8.9

12,

225.

8 1

2,79

7.7

13,

156.

0

For

eign

4,0

26.7

4

,112

.0

4,3

20.6

4

,541

.0

4,9

68.2

6

,250

.9

5,3

76.9

5

,403

.5

5,3

21.1

5

,349

.1

4,2

43.7

5

,228

.5

5,3

01.5

To

tal

14,

864.

1 13

,504

.0

15,

385.

4 1

5,61

1.0

16,

396.

9 1

7,59

2.7

16,

868.

9 1

7,36

3.0

17,

268.

8 1

7,40

8.0

16,

469.

4 1

8,02

6.1

18,

457.

5

Res

erve

Rat

ios (

%)

Pr

imar

y Re

serv

e Ra

tio

(Dom

estic

) 1

2.8

12.

4 1

0.3

10.

3 1

0.2

14.

1 1

5.3

15.

2 1

5.0

14.

7 1

5.3

15.

9 1

5.5

Pr

imar

y Re

serv

e Ra

tio

(For

eign

) 1

2.9

12.

8 1

4.4

15.

0 1

3.4

7.9

7

.7

7.7

7

.7

7.9

8

.5

6.4

8

.1

Tabl

e 7.

Res

erve

Req

uire

men

ts o

f Dep

osit

Mon

ey B

anks

*Prim

ary

Rese

rve

Min

imum

Rat

io R

equi

rem

ent i

s 9 p

erce

nt

Fo

r Dom

estic

Dep

osits

= 9

per

cent

Fo

r For

eign

Dep

osits

= 9

per

cent

in th

eir r

espe

ctiv

e cu

rren

cies

STATISTICAL BULLETIN18

Table 8: Bank Clearing (2008 - 2012)

End of Period Number of Working

Days

Total Effects Cleared Average Effects ClearedPer Day

Number Amt (GH¢'000) Number Amt (GH¢'000)

2010Jan 20 454,478 2,849,038.0 22,724 142,451.9 Feb 20 468,012 2,590,980.0 23,401 129,549.0

Mar 22 499,347 2,801,340.0 22,698 127,333.6 Apr 20 451,642 2,791,079.0 22,582 139,553.9 May 21 539,062 2,927,010.0 25,670 139,381.5 Jun 22 521,200 2,905,871.0 23,691 132,085.1 Jul 21 494,521 3,166,600.0 23,549 150,790.5

Aug 22 502,283 3,147,113.0 22,831 143,050.6 Sep 21 496,627 3,180,297.0 23,649 151,442.7 Oct 21 597,459 4,270,370.0 28,450 203,350.9 Nov 22 537,558 3,856,249.0 24,434 175,284.0 Dec 21 552,906 4,295,620.0 26,329 204,553.3

2011Jan 20 518,294 3,938,746.4 25,915 196,937.3 Feb 20 496,382 3,862,139.5 24,816 193,107.0

Mar 22 571,160 4,082,221.9 25,962 185,555.5 Apr 19 476,777 3,664,053.7 25,094 192,844.9 May 20 563,097 4,240,101.8 28,155 212,005.1 June 22 559,769 4,267,670.0 25,444 193,985.0 July 20 511,851 4,183,113.0 25,593 209,155.6 Aug 23 524,848 4,183,023.7 22,819 181,870.6 Sep 21 574,944 4,592,538.9 27,378 218,692.3 Oct 20 575,515 5,369,816.7 28,776 268,490.8 Nov 22 575,216 5,002,317.3 26,146 227,378.1 Dec 19 582,066 5,959,063.6 30,635 313,634.9

2012Jan 21 581,355 5,806,496.8 27,684 276,499.8 Feb 21 535,715 5,048,638.3 25,510 240,411.3

Mar 21 552,798 5,094,772.6 26,324 242,608.2 Apr 19 499,116 4,913,515.2 26,269 258,606.1 May 21 579,601 5,240,355.0 27,600 249,540.7 Jun 21 546,076 5,709,357.6 26,004 271,874.2 Jul 21 570,559 5,874,732.1 27,169 279,749.1

Aug 23 529,840 5,489,378.9 23,037 238,668.6 Sep 16 530,102 5,171,491.0 33,131 323,218.2 Oct 23 649,224 6,610,043.5 28,227 287,393.2 Nov 22 567,089 7,095,788.7 25,777 322,535.8 Dec 21 522,028 6,726,047.1 24,858 320,288.0

STATISTICAL BULLETIN 19

(Mill

ions

of G

hana

Ced

is )

2009

2010

2011

2012

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Ass

ets

Cas

h H

oldi

ngs &

Ba

lanc

es w

ith B

anks

85.

05

82.

25

80.

68

91.

29

85.

91

97.

86

97.

29

136

.46

99.

74

140

.11

nana

188.

1819

6.24

186.

8520

2.47

Bills

and

Bon

ds 1

22.9

8 1

39.1

2 1

46.6

4 1

86.3

5 2

02.9

0 2

13.2

7 1

95.2

6 2

89.3

7 2

40.9

6 3

13.6

3 na

na38

4.70

380.

2237

2.66

461.

20

Loan

s and

Adv

ance

s 2

12.1

9 2

23.9

7 2

30.8

6 2

39.3

8 2

42.0

3 2

59.8

3 2

72.6

0 3

11.0

6 2

68.1

5 3

56.4

7 na

na50

7.64

555.

0961

1.55

648.

52

Oth

er A

sset

s 7

6.54

8

6.88

8

8.32

9

3.31

9

4.73

1

03.0

7 1

01.0

4 1

22.2

3 1

12.8

4 1

53.1

1 na

na20

0.06

206.

3620

8.96

211.

84

Tota

l Ass

ets

496

.76

532

.22

546

.50

610

.33

625

.57

674

.03

666

.20

859

.13

721

.69

963

.32

nana

1,28

0.58

1,33

7.90

1,38

0.01

1,52

4.03

Liab

ilitie

s

Tota

l Dep

osits

372

.47

383

.21

394

.10

445

.73

459

.71

498

.78

492

.95

667

.31

547

.95

738

.83

nana

991.

881,

029.

901,

053.

311,

185.

57

Shar

ehol

ders

' Fun

ds 6

6.48

7

0.35

7

5.26

8

0.78

8

6.55

9

2.99

9

0.02

1

04.4

7 8

8.51

1

14.3

5 na

na14

7.70

160.

3917

5.85

188.

65

Oth

er L

iabi

litie

s 5

7.81

7

8.65

7

7.14

8

3.82

7

9.32

8

2.26

8

3.20

8

7.34

8

5.23

1

10.1

5 na

na14

1.00

147.

6115

0.86

149.

81

Tota

l Lia

bilit

ies

496

.76

532

.22

546

.50

610

.33

625

.57

674

.03

666

.20

859

.13

721

.69

963

.32

nana

1,28

0.58

1,33

7.90

1,38

0.01

1,52

4.03

No.

of R

epor

ting

Bank

s12

812

812

812

812

813

513

513

513

513

5na

na13

213

313

413

4

Tabl

e 9.

Con

solid

ated

Ass

ets a

nd L

iabi

litie

s of R

ural

/Com

mun

ity B

anks

STATISTICAL BULLETIN20

2010

2011

2012

Dec

Mar

Jun

Sep

Dec

Jan

Feb

Mar

Apr

May

Jun

July

Aug

Sep

Oct

Nov

Dec

1.C

ENTR

AL

BAN

K (E

ND

PER

IOD

RAT

ES)

a

. Red

iscou

nt R

ate

(Ban

k Ra

te)

b.

Prim

e Ra

te13

.50

13.5

013

.00

12.5

012

.50

12.5

013

.50

13.5

014

.50

14.5

0 15

.00

15.0

015

.00

15.0

015

.00

15.0

015

.00

BAN

K O

F G

HA

NA

BIL

LS

a

. 14-

Day

Disc

ount

Rat

es11

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

11.7

011

.70

b

. 14-

Day

Inte

rest

Rat

e Eq

uiva

lent

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

5

c

. 28

-Day

Disc

ount

Rat

es11

.97

11.7

511

.75

11.7

511

.75

11.7

511

.75

11.7

511

.75

17.3

018

.15

18.5

921

.04

22.1

822

.42

22.2

722

.38

d

. 28-

Day

Inte

rest

Rat

e Eq

uiva

lent

12.0

811

.86

11.8

611

.86

11.8

611

.86

11.8

611

.86

11.8

617

.53

17.5

318

.86

21.3

922

.56

22.8

122

.66

22.7

7

e

. 56-

Day

Disc

ount

Rat

es12

.00

11.7

711

.77

11.7

711

.77

11.7

711

.77

11.7

711

.77

11.7

719

.50

19.5

021

.00

21.5

221

.77

21.7

121

.73

f

. 56

-Day

Inte

rest

Rat

e Eq

uiva

lent

12.2

311

.99

11.9

911

.99

11.9

911

.99

11.9

911

.99

11.9

911

.99

20.1

020

.10

21.7

022

.25

22.5

222

.45

22.4

8

g.

27

0- D

ay In

tere

st R

ate

21.4

821

.48

21.4

821

.48

21.4

821

.48

21.4

8

h.

27

0-D

ay In

tere

st R

ate

Equi

vale

nt22

.21

22.2

122

.21

22.2

122

.21

22.2

125

.55

TREA

SURY

BIL

LS, N

OTE

S &

BO

ND

S

a

. 91

-Day

Disc

ount

Rat

e11

.91

11.7

510

.31

9.18

10.0

510

.56

11.0

311

.93

13.5

016

.23

20.5

821

.61

21.6

221

.78

21.8

321

.16

21.6

6

b

. 91

-Day

Inte

rest

Rat

e Eq

uiva

lent

12

.28

12.1

110

.58

9.39

10.3

010

.85

11.3

412

.30

13.9

716

.92

21.7

022

.85

22.8

523

.03

23.0

922

.34

22.9

0

c.

182

-Day

Disc

ount

Rat

e11

.93

11.7

710

.73

9.60

10.5

410

.60

11.1

611

.87

13.1

315

.93

19.8

520

.56

20.5

320

.51

20.6

120

.32

20.5

3

d.

182

-Day

Inte

rest

Rat

e Eq

uiva

lent

12

.68

12.5

111

.34

10.0

811

.13

11.1

911

.82

12.6

214

.05

17.3

122

.03

22.9

122

.88

22.8

522

.98

22.6

222

.88

e.

1-ye

ar F

ixed

Rat

e N

ote

12.6

512

.50

12.0

311

.20

11.3

011

.40

12.5

012

.90

15.9

020

.05

22.0

022

.00

22.5

022

.50

22.8

022

.80

22.9

0

f.

2-y

ear F

ixed

Rat

e N

ote

12.7

012

.49

12.1

111

.90

12.4

012

.30

12.7

013

.60

16.0

021

.15

23.0

023

.00

23.0

023

.00

23.0

023

.00

23.0

0

g.

3-y

ear F

ixed

Rat

e N

ote

13.3

013

.45

13.0

013

.00

12.0

014

.00

14.9

914

.99

14.9

924

.00

24.0

024

.00

24.0

024

.00

21.0

021

.00

24.0

0

h.

5-ye

ar F

ixed

Rat

e N

ote

13.6

713

.67

13.6

713

.67

14.0

014

.00

14.0

014

.00

14.0

014

.00

26.0

026

.00

26.0

026

.00

26.0

023

.00

23.0

0

INTE

R-BA

NK

MA

RK

ET

a

. In

ter-

bank

wei

ghte

d av

erag

e11

.65

11.5

911

.63

10.5

96.

556.

359.

8711

.26

12.6

9 13

.04

15.1

317

.23

16.7

017

.22

18.5

518

.64

17.1

1

2. C

OM

MER

CIA

L BA

NK

S

A. B

orro

win

g R

ates

. (%

)

i

. D

eman

d D

epos

its0.

25-7

.00

0.25

-6.7

50.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

0.25

-6.5

00.

25-6

.50

i

i. Sa

ving

s Dep

osits

2.00

-18.

001.

00-1

2.00

0.75

-8.0

00.

75-8

.00

0.10

-8.0

00.

10-8

.00

0.10

-8.0

00.

10-8

.00

0.10

-8.0

01.

00-1

0.00

1.0-

10.0

0.1-

10.0

0.1-

10.0

0.5-

10.0

0.5-

10.0

00.

5-10

.00

0.5-

10.0

0

i

ii. T

ime

Dep

osits

1

mon

th5.

25-2

3.00

5.00

-13.

203.

00-1

2.50

3.00

-11.

503.

00-1

1.50

3.00

-11.

503.

00-1

1.50

3.00

-11.

503.

00-1

4.50

2.50

-13.

03.

0-13

.03.

00-1

3.00

3.00

-14.

903.

00-1

4.95

3.50

-14.

653.

50-1

4.65

3.50

-14.

65

3

mon

ths

10.0

0-25

.75

4.00

-15.

004.

00-1

3.80

4.00

-12.

503.

00-1

2.50

3.00

-12.

503.

00-1

2.50

3.00

-12.

503.

00-1

2.50

3.00

-17.

303.

00-1

7.00

3.00

-17.

003.

00-1

8.00

3.00

-20.

903.

00-2

2.00

3.00

-22.

003.

00-2

2.00

6

mon

ths

10.0

0-27

.00

4.00

-15.

254.

00-1

4.00

4.00

-13.

003.

00-1

3.00

3.00

-13.

003.

00-1

3.00

3.00

-13.

005.

00-1

3.00

5.00

-17.

504.

00-1

7.00

4.00

-17.

004.

00-1

8.50

6.00

-18.

506.

00-2

3.30

6.00

-23.

006.

00-2

3.00

12

mon

ths

9.50

-26.

004.

50-1

5.50

5.00

-14.

504.

00-1

4.25

4.00

-14.

254.

00-1

4.25

4.00

-14.

254.

00-1

4.25

4.25

-14.

255.

25-1

7.50

2.00

-18.

002.

00-1

8.00

2.00

-19.

002.

00-2

1.70

4.25

-23.

004.

25-2

2.80

4.25

-22.

80

24

mon

ths

10.0

0-22

.00

3.50

-13.

152.

50-1

4.50

2.50

-14.

252.

50-1

4.25

2.50

-14.

252.

50-1

4.25

2.50

-14.

254.

50-1

4.25

4.50

-14.

254.

50-1

3.01

4.50

-17.

004.

50-1

9.00

4.50

-19.

004.

25-1

9.00

4.25

-19.

004.

25-1

9.00

36

mon

ths

14.0

0-18

.00

3.50

-12.

003.

00-1

4.50

3.00

-11.

503.

00-1

1.50

3.00

-11.

503.

00-1

1.50

3.00

-11.

503.

00-1

1.50

5.00

-11.

505.

00-1

3.02

5.00

-13.

005.

00-1

9.00

5.00

-19.

005.

00-1

9.00

5.00

-19.

005.

00-1

9.00

iv

. C

ertifi

cate

s of D

epos

it13

.00-

26.0

05.

75-1

2.50

5.75

-12.

503.

00-1

0.00

3.00

-10.

003.

00-1

0.00

7.50

-11.

507.

50-1

1.50

7.50

-11.

507.

50-1

1.50

7.50

-11.

507.

50-1

1.50

7.50

-11.

507.

50-1

1.50

7.50

-11.

507.

50-1

1.50

7.50

-11.

50

v.

C

all

Mon

ey4.

50-1

9.00

2.00

-13.

003.

00-1

2.00

3.00

-12.

003.

00 -

9.00

3.00

-9.0

03.

00-9

.00

3.00

-9.0

03.

00-9

.00

3.00

-9.0

02.

0-10

.51.

00-1

1.45

1.00

-11.

451.

00-1

1.45

1.00

-11.

451.

00-1

1.45

1.00

-11.

45

v

i. A

ny o

ther

10

.00-

15.4

24.

00-1

2.50

3.75

-12.

503.

75-1

2.50

2.00

-12.

502.

00-1

2.50

2.00

-12.

502.

00-1

2.50

2.00

-12.

502.

00-1

2.50

2.00

-12.

502.

00-1

2.50

2.00

-12.

503.

00-1

2.50

3.00

-12.

503.

00-1

2.50

3.00

-12.

50

B: L

endi

ng R

ates

.(%)

i

. A

gric

ultu

re, F

ores

try

& F

ishin

g24

.75-

40.0

019

.00-

34.6

419

.00-

34.9

019

.00-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

014

.40-

34.9

014

.40-

34.9

014

.12-

34.9

014

.56-

37.3

114

.56-

37.3

114

.56-

37.3

114

.56-

37.3

1

i

i. E

xpor

t Tra

de25

.00-

40.0

019

.00-

35.1

519

.00-

34.9

019

.00-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

014

.40-

34.9

014

.40-

34.9

014

.12-

34.9

014

.56-

37.3

114

.56-

37.3

114

.56-

37.3

114

.56-

37.3

1

i

ii. M

anuf

actu

ring

25.0

0-40

.00

19.0

0-35

.53

19.0

0-34

.90

19.0

0-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

14.4

0-34

.90

14.4

0-34

.90

14.1

2-34

.90

14.5

6-37

.31

14.5

6-37

.31

14.5

6-37

.31

14.5

6-37

.31

i

v. M

inin

g &

Qua

rryi

ng25

.00-

40.0

019

.00-

36.0

219

.00-

34.9

019

.00-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

014

.40-

34.9

014

.40-

34.9

014

.12-

34.9

014

.56-

37.3

114

.56-

37.3

114

.56-

37.3

114

.56-

37.3

1

v

. C

onst

ruct

ion

25.0

0-40

.00

19.0

0-36

.02

19.0

0-34

.90

19.0

0-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

16.9

5-34

.90

14.4

0-34

.90

14.4

0-34

.90

14.1

2-34

.90

14.5

6-37

.31

14.5

6-37

.31

14.5

6-37

.31

14.5

6-37

.31

v

i. O

ther

s25

.00-

40.0

019

.00-

36.0

219

.00-

34.9

019

.00-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

016

.95-

34.9

014

.40-

34.9

014

.40-

34.9

014

.12-

34.9

014

.56-

37.3

114

.56-

37.3

114

.56-

37.3

114

.56-

37.3

1

C: B

ase

Rat

es (%

)24

.74-

32.0

021

.50-

27.0

020

.00-

27.0

018

.00-

27.0

016

.95-

25.9

516

.95-

25.9

516

.95-

25.9

516

.95-

25.9

516

.95-

25.9

516

.95-

25.9

514

.40-

25.9

514

.40-

25.9

512

.37-

26.5

014

.56-

26.0

012

.37-

26.5

012

.37-

26.5

012

.37-

26.5

0

Tabl

e 10

. Int

eres

t R

ates

- R

ange

s - (%

)

STATISTICAL BULLETIN 21

2010

2011

2012

Dec

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Gov

ernm

ent o

f Gha

na/ B

ank

of

Gha

na in

stru

men

ts

9

1-da

y D

iscou

nt R

ate

11.8

911

.75

10.6

810

.69

11.7

012

.22

18.4

721

.25

21.6

321

.52

21.8

221

.76

21.3

621

.86

9

1-da

y In

tere

st R

ate

Equi

vale

nt12

.25

12.1

110

.97

10.9

912

.06

12.6

119

.36

22.4

422

.86

22.7

423

.08

23.0

222

.56

23.1

2

1

82-d

ay D

iscou

nt R

ate

11.9

111

.78

10.6

210

.62

11.6

712

.08

18.3

520

.42

20.7

120

.53

20.5

720

.58

20.5

020

.62

1

82-d

ay In

tere

st R

ate

Equi

vale

nt12

.66

12.5

211

.22

11.2

212

.39

12.8

620

.21

22.7

423

.11

22.8

722

.92

22.9

422

.84

22.9

9

1

-yea

r Int

eres

t Rat

e12

.65

12.5

011

.40

11.4

012

.50

12.9

020

.50

22.0

022

.00

22.5

022

.50

22.8

022

.90

22.9

0

2

-yea

r Fix

ed In

tere

st R

ate

12.7

012

.50

12.2

012

.00

12.7

013

.60

21.1

523

.00

23.0

023

.00

23.0

023

.00

23.0

023

.00

3

-yea

r fixe

d In

tere

st R

ate

13.3

013

.45

14.0

014

.00

14.0

014

.99

24.0

024

.00

24.0

024

.00

24.0

021

.00

21.0

021

.00

5

-yea

r GO

G B

ond

Inte

rest

Rat

e13

.67

0.00

14.2

514

.25

14.2

514

.25

14.2

526

.00

26.0

023

.00

23.0

023

.00

23.0

023

.00

Bank

of G

hana

Pri

me

Rat

e13

.50

13.5

012

.50

13.5

013

.50

14.5

014

.50

15.0

015

.00

15.0

015

.00

15.0

015

.00

15.0

0

Inte

r-Ba

nk W

eigh

ted

Aver

age

11.6

511

.59

6.35

9.87

11.2

612

.69

13.0

415

.13

17.2

316

.70

17.2

218

.55

18.6

417

.11

Dep

osit

Mon

ey B

anks

(a)

Dep

osit

Rat

es

Dem

and

Dep

osits

3.38

3.50

3.38

3.38

3.38

3.38

3.38

3.38

3.38

3.38

3.38

3.38

3.38

3.38

Savi

ngs D

epos

its5.

886.

504.

054.

054.

054.

055.

505.

505.

055.

055.

255.

255.

255.

25

Tim

e D

epos

its

3-m

onth

10.5

09.

507.

757.

757.

757.

759.

6510

.00

10.0

010

.50

11.9

512

.50

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012

.50

6-m

onth

11.4

09.

638.

008.

008.

009.

0011

.25

10.5

010

.50

11.2

512

.25

14.6

514

.50

14.5

0

1

2-m

onth

11.5

010

.00

9.13

9.13

9.13

9.25

11.3

810

.00

10.0

010

.50

11.8

513

.63

13.5

313

.53

2

4-m

onth

8.25

8.50

8.38

8.38

8.38

9.38

9.38

8.76

10.7

511

.75

11.7

511

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11.7

511

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C

ertifi

cate

s Of D

epos

it9.

009.

136.

509.

509.

509.

509.

509.

509.

509.

59.

509.

509.

509.

50

C

all

Mon

ey7.

507.

506.

006.

006.

006.

006.

006.

256.

236.

236.

236.

236.

236.

23

A

ny o

ther

8.

758.

257.

257.

257.

257.

257.

257.

257.

257.

257.

757.

757.

757.

75

(b)

Len

ding

Rat

es

Agr

icul

ture

, For

estr

y &

Fish

ing

27.6

327

.51

25.9

325

.93

25.9

325

.93

25.9

324

.65

24.6

524

.51

25.7

225

.72

25.7

225

.72

Exp

ort T

rade

27.6

327

.51

25.9

325

.93

25.9

325

.93

25.9

324

.65

24.6

524

.51

25.7

225

.72

25.7

225

.72

Man

ufac

turin

g27

.63

27.5

125

.93

25.9

325

.93

25.9

325

.93

24.6

524

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24.5

125

.72

25.7

225

.72

25.7

2

Min

ing

and

Qua

rryi

ng27

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27.5

125

.93

25.9

325

.93

25.9

325

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24.6

524

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24.5

125

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25.7

225

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25.7

2

Con

stru

ctio

n27

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27.5

125

.93

25.9

325

.93

25.9

325

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24.6

524

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24.5

125

.72

25.7

225

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25.7

2

Oth

er S

ecto

rs27

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27.5

125

.93

25.9

325

.93

25.9

325

.93

24.6

524

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24.5

125

.72

25.7

225

.72

25.7

2

Av

erag

e Le

ndin

g R

ates

27.6

327

.51

25.9

325

.93

25.9

325

.93

25.9

324

.65

24.6

524

.51

25.7

225

.72

25.7

225

.72

(c)

Bas

e R

ates

25

.79

24.5

422

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22.3

422

.07

21.2

020

.64

20.3

921

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21.1

422

.82

21.5

021

.57

21.5

2

Tabl

e 11

: Mon

ey M

arke

t & D

MBs

Rat

es (%

)

STATISTICAL BULLETIN22

(M

illio

ns o

f Gha

na C

edis)

2011

2012

Q1-

Q4

Q1

Q2

Jul

Aug

Sep

Q3

Oct

Nov

Dec

Q4

Q1-

Q4

A. T

AX

REV

ENU

E9,

776.

092,

768.

343,

159.

1788

5.76

963.

5599

0.42

2,83

9.73

957.

801,

027.

211,

636.

623,

621.

6312

,388

.88

1.In

com

e an

d Pr

oper

ty4,

187.

2511

18.9

214

62.1

336

7.93

399.

1241

4.24

1,1

81.2

9 38

8.82

399.

8398

5.22

1773

.87

5536

.21

Pers

onal

(PAY

E)1,

360.

9245

4.90

597.

9621

7.99

218.

1390

.41

526.

5217

3.23

163.

3828

8.38

624.

9922

04.3

7

Se

lf-Em

ploy

ed13

2.42

36.6

844

.13

11.9

011

.12

9.81

32.8

317

.52

18.4

814

.28

50.2

816

3.91

Com

pani

es1,

567.

9645

9.47

603.

5964

.25

97.3

830

0.76

462.

3996

.74

141.

7059

7.63

836.

0723

61.5

2

O

ther

s97

5.27

167.

8721

6.46

73.7

972

.51

13.2

515

9.55

101.

3376

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84.9

326

2.53

806.

41

Oth

er D

irect

Tax

es79

4.77

138.

3419

4.16

69.1

765

.14

8.17

142.

4893

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70.5

174

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239.

1071

4.08

N

RL- F

inan

cial

Inst

itutio

ns2.

920.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

00

NFS

L 12

8.53

16.0

04.

040.

360.

180.

170.

710.

020.

002.

632.

6523

.40

A

irpor

t Tax

49.0

513

.53

18.2

64.

267.

194.

7616

.21

7.60

5.77

7.41

20.7

868

.77

2. D

omes

tic G

oods

& S

ervi

ces

606.

2418

2.25

184.

4657

.18

63.2

746

.14

166.

5866

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61.8

968

.37

197.

0173

0.29

Exc

ise D

uty

167.

7447

.33

45.4

212

.84

15.5

315

.55

43.9

314

.62

14.7

519

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49.1

318

5.80

Pet

role

um T

ax43

8.50

134.

9213

9.04

44.3

347

.73

30.5

912

2.65

52.1

247

.15

48.6

114

7.87

544.

49

o/

w D

ebt R

ecov

ery

Levy

31.9

50.

000.

000.

000.

000.

000.

000.

000.

000.

000.

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00 3

. Int

erna

tiona

l Tra

de1,

515.

9648

1.20

485.

7314

4.23

167.

4115

9.25

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179.

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1.13

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90.0

8

Im

port

s1,

515.

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8.03

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4.23

167.

4115

9.25

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9015

2.11

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1.13

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86.9

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Impo

rt D

uty

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5.96

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5.73

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7.41

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9.02

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2.26

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E

xpor

t5.

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0.00

0.00

0.00

0.00

0.00

0.00

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40.0

040

.00

103.

17

C

ocoa

Dut

y5.

0063

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0.00

0.00

0.00

0.00

0.00

0.00

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40.0

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103.

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VAT

2,37

6.06

666.

5769

7.76

207.

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1.94

233.

0767

2.24

232.

5724

4.44

263.

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0.70

2777

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Dom

estic

987.

4127

2.10

253.

9877

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84.4

692

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254.

4796

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84.0

810

0.32

280.

6810

61.2

3

Ex

tern

al1,

388.

6539

4.47

443.

7812

9.78

147.

4914

0.50

417.

7713

6.29

160.

3616

3.37

460.

0217

16.0

45.

Impo

rt E

xcep

tions

634.

5718

0.39

186.

6363

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54.0

890

.27

207.

6867

.40

91.0

945

.74

204.

2377

8.92

6. N

atio

nal H

ealth

Insu

ranc

e Le

vy (N

HIL

)55

0.15

187.

8716

5.82

59.3

647

.72

69.5

817

6.66

50.1

681

.01

52.4

718

3.64

713.

99B.

NO

N-T

AX

REV

ENU

E1,

822.

0051

7.66

591.

18 1

47.5

9 2

94.7

9 2

30.1

3 6

72.5

0 2

65.1

9 3

61.8

4 4

44.5

7 1

,071

.61

2,8

52.9

5 C

. OTH

ER R

EVEN

UE

MEA

SUR

ES13

5.04

20.5

240

.22

6.57

11.7

313

.34

31.6

47.

6813

.35

14.9

735

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128.

38D

. G

RA

NTS

1,17

4.96

569.

4133

2.63

89.9

441

.27

11.5

714

2.78

55.1

717

.78

42.5

511

5.49

1160

.32

P

roje

ct G

rant

s68

8.14

303.

6613

4.64

20.3

25.

291.

1226

.73

11.6

817

.78

17.7

847

.24

512.

26

Pro

gram

me

Gra

nts

244.

4426

5.76

66.5

855

.48

35.9

810

.45

101.

9143

.49

0.00

24.7

768

.26

502.

51

HIP

C A

ssist

ance

(Mul

tilat

eral

s)13

1.54

0.00

42.5

714

.14

0.00

0.00

14.1

40.

000.

000.

000.

0056

.71

M

ultil

ater

al D

ebt R

elie

f Ini

tiativ

e (M

DRI

)11

0.84

0.00

88.8

50.

000.

000.

000.

000.

000.

000.

000.

0088

.85

TOTA

L R

EVEN

UE

& G

RA

NTS

12,8

51.5

63,

924.

784,

146.

561,

143.

351,

311.

341,

267.

583,

722.

271,

285.

841,

450.

252,

138.

704,

874.

7916

,668

.41

Tabl

e 12

. C

entr

al G

over

nmen

t Bud

get (

Rev

enue

) [Br

oad

Budg

et C

over

age]

STATISTICAL BULLETIN 23

(M

illio

ns o

f Gha

na C

edis)

2010

2011

2012

Q1-

Q4

Q1-

Q4

Q1

Q2

Jul

Aug

Sep

Q3

Oct

Nov

Dec

Q4

Q1-

Q4

REC

UR

REN

T8,

045.

819,

704.

993,

242.

233,

761.

711,

223.

831,

149.

201,

337.

953,

710.

981,

496.

192,

308.

921,

453.

395,

258.

5115

,973

.43

Non

-Int

eres

t Exp

endi

ture

6,60

6.45

8,09

3.81

2,90

6.38

3,08

9.66

1,03

0.02

983.

201,

149.

303,

162.

521,

120.

272,

092.

141,

166.

314,

378.

7213

,537

.27

Pers

onal

Em

olum

ents

3,18

2.53

4,53

4.87

1,45

7.57

1,63

3.88

595.

4460

3.25

638.

241,

836.

9357

5.41

579.

0258

2.72

1,73

7.15

6,66

5.52

Goo

ds &

Ser

vice

s96

1.76

723.

9180

.57

177.

3860

.50

35.3

357

.28

153.

1194

.62

734.

9081

.25

910.

781,

321.

83

Ite

ms 2

-5 (1

)96

1.76

723.

9180

.57

177.

3860

.50

35.3

357

.28

153.

1194

.62

734.

9081

.25

910.

781,

321.

83

Tran

sfer

s1,

991.

372,

504.

571,

086.

7098

1.10

266.

6632

4.99

453.

781,

045.

4345

0.23

474.

4943

9.89

1,36

4.61

4,47

7.84

Pen

sions

215.

6536

9.38

94.0

795

.75

30.0

532

.11

32.4

194

.57

32.8

135

.66

37.1

610

5.63

390.

03

Gra

tuiti

es88

.70

80.9

012

.01

20.5

70.

000.

004.

144.

149.

4712

.28

9.96

31.7

168

.43

Soc

ial S

ecur

ity13

3.10

320.

4653

.63

0.02

0.01

0.00

0.00

0.01

0.00

0.00

0.00

0.00

53.6

5

Nat

iona

l Hea

lth F

und

351.

2737

6.98

98.3

023

2.10

49.9

421

.00

48.0

011

8.94

34.0

052

.20

51.7

013

7.90

587.

24

Oth

er T

rans

fers

1,07

1.52

1,35

6.85

496.

0254

6.26

186.

6719

0.01

296.

8967

3.57

285.

6628

5.94

282.

0785

3.67

2,56

9.52

Tax

Exp

endi

ture

(Exe

mpt

ions

)0.

0063

4.57

180.

3918

6.63

63.3

354

.08

90.2

720

7.68

67.4

091

.09

45.7

420

4.23

778.

92

S

ubsid

ies t

o U

tility

Com

pani

es13

1.13

0.00

332.

6786

.40

0.00

81.8

772

.33

154.

2088

.30

88.4

059

.00

235.

7080

8.98

Res

erve

Fun

d47

0.80

330.

4628

1.54

297.

3010

7.42

19.6

40.

0012

7.06

0.00

303.

7362

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366.

191,

072.

09

Inte

rest

Pay

men

ts1,

439.

361,

611.

1833

5.85

672.

0519

3.81

166.

0018

8.65

548.

4637

5.92

216.

7828

7.08

879.

792,

436.

15

Int

eres

t Dom

estic

1,12

4.32

1,30

7.90

284.

2251

3.73

145.

1612

4.03

115.

4538

4.64

297.

5716

1.35

238.

2169

7.13

1,87

9.71

Int

eres

t Ext

erna

l31

5.04

303.

2951

.64

158.

3348

.65

41.9

773

.20

163.

8378

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55.4

348

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182.

6555

6.44

CA

PITA

L3,

168.

633,

674.

991,

079.

1990

1.43

310.

7340

3.25

485.

531,

199.

5040

2.59

1,12

8.40

260.

181,

791.

174,

971.

30

CA

PITA

L( D

omes

tic F

inan

ced)

1,13

5.96

1,96

2.81

436.

6041

8.33

181.

3823

6.56

275.

2869

3.23

189.

2355

6.08

143.

2288

8.53

2,43

6.68

Dev

elop

men

t1,

135.

961,

962.

8143

6.60

418.

3318

1.38

236.

5627

5.28

693.

2318

9.23

556.

0814

3.22

888.

532,

436.

68

E

duca

tiona

l Tru

st F

und

243.

8032

0.63

85.3

585

.74

60.6

642

.42

88.6

619

1.74

0.00

0.00

0.00

0.00

362.

83

R

oad

Fund

123.

6014

1.08

40.2

460

.55

44.5

70.

0012

.40

56.9

715

.01

11.8

911

.00

37.9

019

5.66

P

etro

leum

Rel

ated

Fun

d3.

328.

641.

021.

540.

330.

000.

320.

640.

330.

305.

005.

648.

84

D

istric

t Ass

embl

y C

omm

on F

und

410.

2862

1.95

137.

380.

000.

0088

.49

55.4

014

3.89

35.2

590

.00

0.00

125.

2540

6.51

O

ther

Cas

h Ex

pend

iture

354.

9655

8.56

88.2

117

6.90

75.8

325

.54

118.

5021

9.88

138.

6437

5.94

50.0

056

4.57

1,04

9.56

Tra

nsfe

r to

GN

PC fr

om O

il R

even

ue84

.39

93.6

00.

0080

.11

0.00

80.1

10.

0077

.95

77.2

215

5.17

413.

27

CA

PITA

L( F

orei

gn F

inan

ced)

2,03

2.67

1,71

2.19

642.

6048

3.10

129.

3416

6.68

210.

2550

6.27

213.

3657

2.32

116.

9690

2.64

2,53

4.61

HIP

C F

inan

ced

Expe

nditu

re24

3.30

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

MD

RI F

inan

ced

Expe

nditu

re74

.47

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

TOTA

L EX

PEN

DIT

UR

E &

NET

LEN

DIN

G11

,532

.21

13,3

79.9

84,

321.

424,

663.

141,

534.

561,

552.

451,

823.

484,

910.

481,

898.

783,

437.

321,

713.

577,

049.

6820

,944

.72

Tabl

e 13

. C

entr

al G

over

nmen

t Bud

get (

Expe

nditu

re) [

Broa

d Bu

dget

Cov

erag

e]

NO

TE: (

1).

Inclu

des e

xpen

ditu

re o

n M

aint

enan

ce, R

epai

rs, T

rans

port

and

Tra

vels

STATISTICAL BULLETIN24

(M

illio

ns o

f Gha

na C

edis)

2011

2012

Q1-

Q4

Jan

Feb

Mar

Q1

Q2

Jul

Aug

Sep

Q3

Oct

Nov

Dec

Q4

Q1-

Q4

REV

ENU

E &

GR

AN

TS12

,851

.56

1,07

1.18

1,32

3.33

1,53

0.28

3,92

4.78

4,14

6.56

1,14

3.35

1,31

1.34

1,26

7.58

3,72

2.27

1,28

5.84

1,45

0.25

2,13

8.70

4,87

4.79

16,6

68.4

1

EXPE

ND

ITU

RE &

NET

LEN

DIN

G13

,379

.98

1,40

1.11

1,50

9.35

1,41

0.95

4,32

1.42

4,66

3.14

1,53

4.56

1,55

2.45

1,82

3.48

4,91

0.48

1,89

8.78

3,43

7.32

1,71

3.57

7,04

9.68

20,9

44.7

2

OV

ERA

LL B

ALA

NC

E (C

OM

MIT

MEN

T BA

SIS)

-528

.42

-329

.94

-186

.03

119.

33-3

96.6

4-5

16.5

8-3

91.2

1-2

41.1

1-5

55.9

0-1

,188

.21

-612

.94

-1,9

87.0

742

5.13

-2,1

74.8

8-4

,276

.31

% o

f GD

P-0

.88

-0.4

5-0

.25

0.16

-0.5

4-0

.71

-0.5

4-0

.33

-0.7

6-1

.63

-0.8

4-2

.72

0.58

-2.9

7-5

.85

ROA

D A

RREA

RS

-312

.11

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-200

.39

-159

.40

0.00

-359

.79

-359

.79

NO

N-R

OA

D A

RREA

RS-1

,536

.49

-661

.95

-490

.86

-308

.43

-1,4

61.2

4-8

77.2

9-2

20.1

8-1

58.8

2-1

57.1

5-5

36.1

5-1

93.4

6-1

51.9

8-8

6.17

-431

.61

-3,3

06.3

0

VAT

REFU

ND

-89.

16-1

2.41

-14.

60-1

3.92

-40.

93-3

9.51

-13.

28-1

2.86

-14.

43-4

0.57

-11.

96-1

5.38

-15.

38-4

2.72

-163

.73

OV

ERA

LL B

ALA

NC

E (C

ASH

BA

SIS)

-2,4

66.1

8-1

,004

.29

-691

.49

-203

.03

-1,8

98.8

1-1

,433

.38

-624

.66

-412

.79

-727

.48

-1,7

64.9

3-1

,018

.75

-2,3

13.8

432

3.58

-3,0

09.0

1-8

,106

.13

% o

f GD

P-4

.38

-1.4

0-0

.96

-0.2

8-2

.64

-2.0

0-0

.87

-0.5

7-1

.01

-2.4

6-1

.42

-3.2

20.

45-4

.19

-11.

28

DIV

ESTI

TURE

REC

EIPT

S0.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

00

DIV

ESTI

TURE

LIA

BILT

IES

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

DIS

CRE

PAN

CY

70.7

411

8.09

504.

3321

9.82

842.

25-1

,438

.72

-129

.54

132.

4382

.81

85.7

032

4.20

150.

39-5

06.3

5-3

1.76

-542

.53

OV

ERA

LL B

ALA

NC

E (I

NC

L. D

IVES

TITU

RE)

-2,3

95.4

4-8

86.2

0-1

87.1

616

.80

-1,0

56.5

6-2

,872

.10

-754

.21

-280

.36

-644

.67

-1,6

79.2

4-6

94.5

4-2

,163

.45

-182

.77

-3,0

40.7

7-8

,648

.66

% o

f GD

P-4

.00

-1.2

1-0

.26

0.02

-1.4

5-3

.93

-1.0

3-0

.38

-0.8

8-2

.30

-0.9

5-2

.96

-0.2

5-4

.16

-11.

83

FIN

AN

CIN

G2,

395.

4488

6.20

187.

16-1

6.80

1,05

6.56

2,87

2.10

754.

2128

0.36

644.

671,

679.

2469

4.54

2,16

3.45

182.

773,

040.

778,

648.

66

DO

MES

TIC

(NET

)1,

988.

1476

1.90

95.7

9-1

17.0

574

0.64

2,67

1.25

686.

1613

4.52

506.

281,

326.

9635

5.65

1,57

9.85

156.

672,

092.

176,

831.

02

B

AN

KIN

G S

ECTO

R31

5.56

694.

30-4

5.76

-440

.20

208.

341,

903.

47-1

9.11

-819

.72

371.

09-4

67.7

4-9

15.5

11,

322.

9139

3.59

800.

992,

445.

06

Ban

k of

Gha

na66

1.20

491.

19-1

56.1

5-3

57.8

5-2

2.81

2,13

3.92

452.

48-7

09.8

854

9.96

292.

55-1

,118

.78

1,13

0.74

-218

.85

-206

.88

2,19

6.79

Tra

nsfe

r to

Gha

na P

etro

leum

Fun

ds-1

03.8

10.

000.

000.

000.

000.

00-4

5.38

-45.

470.

00-9

0.85

0.00

0.00

0.00

0.00

-90.

85

Com

mer

cial

Ban

ks-2

41.8

320

3.10

110.

39-8

2.35

231.

14-2

30.4

6-4

26.2

1-6

4.37

-178

.86

-669

.45

203.

2719

2.17

612.

441,

007.

8833

9.12

N

ON

-BA

NK

1,

672.

5867

.60

141.

5532

3.15

532.

3076

7.79

705.

2795

4.24

135.

191,

794.

701,

271.

1625

6.94

-236

.92

1,29

1.18

4,38

5.97

OTH

ER D

OM

ESTI

C F

INA

NC

ING

-572

.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

187.

0035

4.99

0.00

541.

9954

1.99

cl

awba

ck fr

om T

OR

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

FORE

IGN

(NET

)86

3.37

124.

3091

.37

100.

2531

5.92

200.

8457

.57

136.

3413

8.39

332.

3015

1.89

216.

4813

.96

382.

331,

231.

40

IN

FLO

WS

1,44

7.65

146.

8213

2.28

147.

3942

6.49

348.

4610

9.02

161.

4020

9.13

479.

5420

1.68

299.

6499

.18

600.

511,

855.

01

Pro

ject

Loa

ns1,

024.

0559

.27

132.

2814

7.39

338.

9434

8.46

109.

0216

1.40

209.

1347

9.54

201.

6819

9.55

99.1

850

0.42

1,66

7.36

Pro

gram

Loa

ns42

3.60

87.5

50.

000.

0087

.55

0.00

0.00

0.00

0.00

0.00

0.00

100.

100.

0010

0.10

187.

65

A

MO

RTIZ

ATIO

N-5

84.2

8-2

2.52

-40.

90-4

7.14

-110

.57

-147

.62

-51.

45-2

5.06

-70.

74-1

47.2

4-4

9.79

-83.

17-8

5.22

-218

.18

-623

.60

EXC

EPTI

ON

AL

FIN

AN

CIN

G11

5.93

0.00

0.00

0.00

0.00

0.00

10.4

89.

500.

0019

.97

0.00

12.1

412

.14

24.2

744

.24

HIP

C R

elie

f (C

olog

ne te

rms)

115.

930.

000.

000.

000.

000.

0010

.48

9.50

0.00

19.9

70.

0012

.14

12.1

424

.27

44.2

4

DO

MES

TIC

REV

ENU

E11

,676

.60

927.

981,

012.

571,

414.

823,

355.

373,

813.

931,

053.

411,

270.

071,

256.

013,

579.

491,

230.

681,

432.

472,

096.

164,

759.

3015

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.09

DO

MES

TIC

EX

PEN

DIT

URE

10,0

75.0

31,

013.

0368

2.37

846.

262,

541.

654,

986.

221,

354.

231,

100.

191,

356.

203,

810.

6299

7.25

2,51

3.21

1,83

1.26

5,34

1.73

16,6

80.2

2

PRIM

ARY

BA

LAN

CE

1,60

1.57

-85.

0533

0.20

568.

5681

3.72

-1,1

72.2

9-3

00.8

116

9.87

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233.

42-1

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264.

89-5

82.4

3-1

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.13

PRIM

ARY

BA

LAN

CE

as %

of G

DP

2.68

-0.1

20.

450.

781.

11-1

.60

-0.4

10.

23-0

.14

-0.3

20.

32-1

.48

0.36

-0.8

0-1

.60

GD

P at

Cur

rent

Pri

ces*

*59

,816

.00

73,1

09.0

073

,109

.00

73,1

09.0

073

,109

.00

73,1

09.0

073

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.00

73,1

09.0

073

,109

.00

73,1

09.0

073

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.00

73,1

09.0

073

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73,1

09.0

073

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.00

Tabl

e 14

. C

entr

al G

over

nmen

t Fis

cal P

ositi

on (F

inan

cing

)

NB:

GD

P at

Cur

rent

Pric

es (I

nclu

de-O

il) fr

om 2

011

** R

evise

d by

GSS

STATISTICAL BULLETIN 25 (

Mill

ions

of G

hana

Ced

is)

2011

2012

*

Jan-

Dec

Jan

Feb

Mar

Jan-

Mar

chA

prM

ayJu

nJa

n-Ju

nJu

lA

ugSe

pJa

n-Se

pO

ctN

ovD

ecJa

n-D

ec

TOTA

L R

ECEI

PTS

10,6

78.6

665

1.27

1,20

5.86

1,29

1.80

3,14

8.93

808.

031,

132.

081,

418.

736,

507.

7789

5.30

972.

491,

007.

459,

383.

011,

100.

081,

079.

551,

817.

9913

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.62

C

EPS

3,51

0.58

303.

6235

4.70

373.

701,

032.

0231

2.27

401.

7644

6.20

2,19

2.24

348.

7239

3.47

359.

273,

293.

7037

1.42

420.

6542

5.51

4,51

1.29

IR

S3,

762.

7427

9.62

255.

6053

2.81

1,06

8.04

329.

9545

2.84

618.

182,

469.

0136

7.93

351.

7741

4.24

3,60

2.94

388.

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4.34

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266.

00

V

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283.

6645

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163.

7413

1.01

340.

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IN

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9.93

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SUM

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RY

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1

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6.93

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TIC

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9576

1.90

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1,25

6.96

187.

9668

9.00

2,11

1.12

452.

48-7

09.8

854

9.96

2,40

3.67

-1,1

18.7

81,

130.

74-2

18.8

52,

196.

79

DEP

OSI

T M

ON

EY B

AN

KS

-2

41.8

320

3.10

110.

39-8

2.35

231.

14-2

50.4

113

8.99

-119

.03

0.69

-426

.21

-64.

37-1

78.8

6-6

68.7

620

3.27

192.

1761

2.44

339.

12

N

ON

-BA

NK

1,67

2.58

67.6

014

1.55

323.

1553

2.30

20.9

548

9.73

257.

101,

300.

0970

5.27

954.

2413

5.19

3,09

4.79

1,27

1.16

256.

94-2

36.9

24,

385.

97

N

ON

-RES

IDEN

TS81

2.56

15.8

2-0

.51

195.

4221

0.74

-68.

1343

4.87

9.72

587.

1942

8.66

822.

2070

.78

1,90

8.83

1,18

8.20

38.9

5-4

64.6

62,

671.

32

FOR

EIG

N (N

ET)

-26.

8765

.03

-40.

90-4

7.14

-23.

02-3

3.10

-63.

62-5

0.89

-170

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-51.

45-2

5.06

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74-3

17.8

7-4

9.79

16.9

3-8

5.22

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INFL

OW

S32

6.99

87.5

50.

000.

0087

.55

0.00

0.00

0.00

87.5

50.

000.

000.

0087

.55

0.00

100.

100.

0018

7.65

LOA

N R

EPAY

MEN

T-3

53.8

6-2

2.52

-40.

90-4

7.14

-110

.57

-33.

10-6

3.62

-50.

89-2

58.1

8-5

1.45

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06-7

0.74

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79-8

3.17

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22-6

23.6

0

Oth

er D

omes

tic F

inan

cing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

MEM

OR

AN

DU

M IT

EMS

GD

P AT

CU

RREN

T PR

ICES

(NO

N-O

IL)

53,4

11.0

071

,847

.00

71,8

47.0

071

,847

.00

73,1

09.0

073

,109

.00

73,1

09.0

073

,109

.00

73,1

09.0

073

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.00

73,1

09.0

073

,109

.00

73,1

09.0

073

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.00

73,1

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.00

73,1

09.0

0

GD

P AT

CU

RREN

T PR

ICES

59,8

16.0

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.00

73,1

09.0

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.00

73,1

09.0

073

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.00

73,1

09.0

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.00

73,1

09.0

073

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.00

73,1

09.0

073

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.00

73,1

09.0

073

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.00

73,1

09.0

073

,109

.00

73,1

09.0

0

DO

MES

TIC

PRI

M. B

ALA

NC

E-3

49.3

0-7

12.9

3-1

60.6

626

0.13

-613

.46

-798

.91

-597

.19

-653

.48

-2,6

63.0

4-5

55.8

9-2

4.92

-257

.34

-3,5

01.1

926

.57

-1,3

79.9

919

0.86

-4,6

63.7

5

(I

n Pe

rcen

t of G

DP)

-0.5

8-0

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-0.2

20.

36-0

.84

-1.0

9-0

.82

-0.8

9-3

.64

-0.7

6-0

.03

-0.3

5-4

.79

0.04

-1.8

90.

26-6

.38

BUD

GET

BA

LAN

CE

-2,0

65.0

7-8

26.9

3-5

4.88

164.

19-7

17.6

2-9

94.4

0-7

53.0

6-7

76.1

8-3

,241

.26

-680

.09

-154

.93

-435

.55

-4,5

11.8

2-3

05.8

6-1

,596

.78

-71.

45-6

,485

.91

(I

n Pe

rcen

t of G

DP)

-3.4

5-1

.13

-0.0

80.

22-0

.98

-1.3

6-1

.03

-1.0

6-4

.43

-0.9

3-0

.21

-0.6

0-6

.17

-0.4

2-2

.18

-0.1

0-8

.87

Dom

estic

Rev

enue

10,2

07.4

365

1.27

1,01

4.43

1,25

1.54

2,91

7.24

741.

451,

132.

081,

287.

326,

078.

0882

5.68

936.

5099

7.01

8,83

7.28

1,05

6.59

1,07

9.55

1,79

3.22

12,7

66.6

3

Dom

estic

Exp

endi

ture

10,5

56.7

31,

364.

201,

175.

0999

1.41

3,53

0.69

1,54

0.36

1,72

9.27

1,94

0.80

8,74

1.12

1,38

1.58

961.

421,

254.

3512

,338

.46

1,03

0.02

2,45

9.54

1,60

2.36

17,4

30.3

8

Net

Dom

estic

Fin

anci

ng2,

091.

9576

1.90

95.7

9-1

17.0

574

0.64

1,02

7.51

816.

6882

7.07

3,41

1.89

731.

5417

9.99

506.

284,

829.

7035

5.65

1,57

9.85

156.

676,

921.

87

Net

Cha

nges

in R

oad

Arr

ears

569.

110.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

00

Net

Cha

nges

in N

on-R

oad

Arr

ears

60.0

60.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

00

Tabl

e 15

. Fi

scal

Pos

ition

- N

arro

w C

over

age

* Pro

visio

nal

STATISTICAL BULLETIN26

(M

illio

ns o

f Gha

na C

edis)

2010

2011

2012

Dec

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Shor

t-Te

rm A

sset

s63

0.03

1,21

2.77

1,65

3.64

1,96

4.87

2,19

2.97

2,34

8.41

2,99

1.86

3,19

8.60

3,41

4.34

3,18

6.91

3,08

3.12

3,12

2.73

3,33

4.90

3,50

1.20

Tre

asur

y bi

lls (9

1-D

ays)

630.

031,

212.

771,

653.

641,

964.

872,

192.

972,

348.

412,

991.

863,

198.

603,

414.

343,

186.

913,

083.

123,

122.

733,

334.

903,

501.

20

Dep

osit

Mon

ey B

anks

179.

5129

8.92

638.

2077

3.55

899.

3690

1.05

1,35

1.51

1,30

9.48

1,23

5.97

911.

8778

5.09

818.

1988

3.08

955.

42

N

on-B

ank

Sect

or45

0.52

913.

841,

015.

441,

191.

321,

293.

611,

447.

371,

640.

351,

889.

122,

178.

372,

275.

042,

298.

032,

304.

542,

451.

812,

545.

77

Med

ium

-Ter

m A

sset

s4,

446.

615,

360.

925,

149.

985,

099.

304,

746.

354,

454.

634,

100.

164,

095.

103,

757.

854,

079.

114,

109.

244,

695.

804,

929.

645,

617.

08

T

reas

ury

Bills

(182

-day

s)1,

288.

731,

285.

821,

288.

151,

246.

861,

195.

451,

007.

8783

3.67

695.

2766

7.95

666.

9274

2.23

805.

111,

010.

531,

129.

37

D

epos

it M

oney

Ban

ks94

6.36

686.

5469

4.88

685.

0566

2.09

571.

0144

0.83

311.

4626

8.13

276.

4832

1.81

363.

8752

5.06

639.

60

N

on-B

ank

Sect

or34

2.37

599.

2859

3.26

561.

8153

3.35

436.

8639

2.84

383.

8139

9.82

390.

4442

0.41

441.

2548

5.47

489.

76

T

reas

ury

Not

es (1

-yea

r)1,

057.

201,

464.

091,

429.

271,

386.

941,

370.

691,

292.

191,

075.

161,

022.

371,

005.

581,

032.

5996

8.99

962.

0596

7.75

1,02

6.41

Dep

osit

Mon

ey B

anks

925.

791,

015.

3699

1.85

947.

0192

2.80

841.

9364

6.56

599.

6658

0.29

580.

6352

0.07

502.

0349

2.57

523.

31

Non

-Ban

k Se

ctor

131.

4144

8.74

437.

4243

9.92

447.

8845

0.25

428.

6042

2.71

425.

2945

1.96

448.

9246

0.03

475.

1850

3.10

2

-Yea

r Fix

ed R

ate

Trea

sury

Not

e1,

618.

761,

162.

351,

029.

3185

4.19

790.

9072

3.06

696.

0676

6.59

901.

651,

120.

041,

225.

801,

484.

481,

542.

701,

655.

89

D

epos

it M

oney

Ban

ks1,

281.

4389

4.99

770.

8360

1.52

542.

7847

3.62

447.

2450

7.31

638.

1881

2.18

895.

181,

135.

181,

174.

141,

250.

14

Non

-Ban

k Se

ctor

337.

3326

7.36

258.

4925

2.68

248.

1124

9.43

248.

8325

9.28

263.

4630

7.85

330.

6234

9.30

368.

5640

5.75

3

-Yea

r Fix

ed R

ate

Trea

sury

Not

e29

0.37

447.

6541

0.15

632.

8341

5.33

467.

6353

1.95

530.

1232

7.51

321.

5129

9.58

561.

4652

5.53

736.

45

Dep

osit

Mon

ey B

anks

230.

0138

9.77

353.

3356

6.05

355.

3237

3.65

432.

4843

8.16

246.

9723

7.75

221.

2045

8.25

419.

2364

8.99

Non

-Ban

k Se

ctor

60.3

657

.89

56.8

366

.78

60.0

193

.98

99.4

791

.96

80.5

483

.76

78.3

810

3.21

106.

3087

.45

5

-Yea

r GO

G B

ond

53.7

028

6.77

278.

4726

3.47

258.

5724

8.06

247.

0636

4.09

138.

0722

0.52

154.

6816

4.28

164.

2834

8.11

Dep

osit

Mon

ey B

anks

47.0

526

6.65

256.

0323

9.77

234.

8122

5.63

224.

6330

3.93

73.0

215

6.35

83.6

086

.84

82.1

427

2.22

Non

-Ban

k Se

ctor

6.65

20.1

222

.44

23.6

923

.75

22.4

322

.43

60.1

665

.05

64.1

771

.08

77.4

482

.14

75.8

8

5

-Yea

r Gol

den

Jubi

lee

Bond

27.8

532

.23

32.6

333

.01

33.4

333

.83

34.2

534

.66

35.1

035

.53

35.9

636

.41

36.8

538

.86

Dep

osit

Mon

ey B

anks

16.2

318

.78

19.0

219

.24

19.4

819

.71

19.9

620

.20

20.4

520

.71

20.9

621

.22

21.4

722

.65

Non

-Ban

k Se

ctor

11.6

213

.45

13.6

213

.78

13.9

514

.12

14.2

914

.46

14.6

414

.83

15.0

115

.19

15.3

816

.21

TOR

Bon

d11

0.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

00

Dep

osit

Mon

ey B

anks

110.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

682.

0068

2.00

Gov

ernm

ent s

tock

s0.

9519

2.83

192.

8319

2.83

192.

8319

2.83

192.

8319

2.83

192.

8319

2.83

192.

8319

2.83

192.

8319

2.83

Dep

osit

Mon

ey B

anks

0.03

29.9

529

.95

29.9

529

.95

29.9

529

.95

29.9

529

.95

29.9

529

.95

29.9

529

.95

29.9

5

Non

-Ban

k Se

ctor

0.93

162.

8816

2.88

162.

8816

2.88

162.

8816

2.88

162.

8816

2.88

162.

8816

2.88

162.

8816

2.88

162.

88

SUM

MA

RY

G

ovt o

f Gha

na in

stru

men

ts5,

077.

596,

766.

516,

996.

457,

256.

997,

132.

156,

995.

877,

284.

847,

486.

537,

365.

027,

458.

857,

385.

188,

011.

368,

457.

379,

311.

11

Dep

osit

Mon

ey B

anks

3,74

3.06

4,30

3.08

4,45

8.52

4,56

7.83

4,37

2.36

4,14

0.98

4,29

7.57

4,26

2.31

3,84

0.01

3,77

2.10

3,63

0.94

4,17

4.96

4,39

1.80

5,10

0.19

Non

-Ban

k Se

ctor

1,33

4.53

2,46

3.43

2,53

7.93

2,68

9.16

2,75

9.80

2,85

4.89

2,98

7.27

3,22

4.22

3,52

5.00

3,68

6.75

3,75

4.24

3,83

6.39

4,06

5.57

4,21

0.92

Tabl

e 16

. Out

stan

ding

Sto

ck o

f Sel

ecte

d Fi

nanc

ial A

sset

s

STATISTICAL BULLETIN 27

(M

illio

ns o

f Gha

na C

edis)

HO

LDER

S20

1020

1120

12

Dec

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

A. B

anki

ng sy

stem

5,28

9.07

7,00

4.59

7,1

94.8

0 7

,348

.59

7,3

30.4

0 7

,146

.44

7,3

11.9

1 7

,248

.98

6,7

34.1

1 6

,805

.85

6,6

66.8

3 8

,197

.65

8,3

00.0

7 8

,980

.92

B

ank

of G

hana

1,53

3.33

2,70

2.30

2,7

39.3

8 2

,785

.12

2,8

29.9

2 2

,876

.01

2,8

84.8

9 2

,894

.96

2,8

07.2

8 2

,946

.06

2,9

55.1

0 3

,948

.26

3,8

03.5

5 3

,769

.75

D

epos

it M

oney

Ban

ks (D

MBs

)3,

755.

744,

302.

30 4

,455

.42

4,5

63.4

7 4

,500

.47

4,2

70.4

2 4

,427

.02

4,3

54.0

2 3

,926

.83

3,8

59.7

9 3

,711

.73

4,2

49.3

9 4

,496

.53

5,2

11.1

7

B. N

on-B

ank

Sect

or1,

426.

092,

568.

45 2

,645

.27

2,7

97.7

6 2

,903

.45

2,9

97.2

1 3

,129

.60

3,4

04.2

8 3

,709

.95

3,8

70.8

3 3

,945

.22

4,2

41.9

2 4

,475

.79

4,6

14.8

9

S

SNIT

201.

4347

5.13

479

.69

489

.94

497

.37

527

.41

480

.29

513

.09

600

.74

616

.52

572

.72

758

.50

774

.95

753

.36

In

sura

nce

Com

pani

es38

.63

38.9

8 3

9.79

3

9.73

4

7.84

4

9.02

5

0.08

5

6.53

5

8.21

6

5.33

6

6.63

6

3.82

6

4.69

4

6.17

O

ther

Hol

ders

1,18

6.03

2,05

4.34

2,1

25.7

9 2

,268

.09

2,3

58.2

4 2

,420

.78

2,5

99.2

3 2

,834

.65

3,0

51.0

0 3

,188

.97

3,3

05.8

7 3

,419

.60

3,6

36.1

5 3

,815

.36

C. F

orei

gn se

ctor

(Non

-Res

iden

ts)

1,56

4.97

2,2

68.0

8 2

,283

.90

2,2

83.3

9 2

,478

.82

2,4

10.6

8 2

,845

.55

2,8

55.2

7 3

,283

.93

4,1

06.1

3 4

,176

.91

5,3

65.1

1 5

,404

.06

4,9

39.4

0

TOTA

L(A

+B+C

)8,

280.

1211

,841

.12

12,1

23.9

7 1

2,42

9.74

1

2,71

2.66

1

2,55

4.33

1

3,28

7.06

1

3,50

8.53

1

3,72

7.99

1

4,78

2.80

1

4,78

8.96

1

7,80

4.67

1

8,17

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1

8,53

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STRU

CTU

RE

D. S

hort

-Ter

m In

stru

men

ts3,

214.

454,

353.

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768.

665,

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ay T

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95

1

82-D

ay T

reas

ury

Bill

1,33

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1,29

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1,29

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r Tre

asur

y N

ote

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S

hort

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m A

dvan

ce10

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2410

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104.

2410

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24

E. M

ediu

m-T

erm

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rum

ents

3,78

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6,07

6.11

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2

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r Flo

atin

g Tr

easu

ry N

ote

0.00

0.00

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2

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r Fix

ed T

reas

ury

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e1,

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231,

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671,

275.

471,

544.

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46

3

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r GG

ILBS

0.

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00

3

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r Flo

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g Tr

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653.

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7.75

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3

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r Sto

ck (S

BG)

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7.53

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5-Y

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OG

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den

Jubi

lee

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29.4

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Pet

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80.0

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00

F. L

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Term

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6.72

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ong-

Term

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ernm

ent S

tock

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T

elek

om M

alas

ia S

tock

109.

4610

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10

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109.

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9.46

109.

4610

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46

R

eval

uatio

n St

ock

493.

0545

5.73

45

5.73

455.

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5.73

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455.

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7345

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7345

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73

O

ther

Gov

ernm

ent S

tock

s0.

980.

98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

0.98

TOTA

L(D

+E+F

)8,

280.

1211

,841

.12

12,1

23.9

712

,429

.74

12,7

12.6

612

,554

.33

13,2

87.0

613

,508

.53

13,7

27.9

914

,782

.80

14,7

88.9

617

,804

.67

18,1

79.9

218

,535

.21

Tabl

e 17

. Hol

ders

and

Str

uctu

re o

f Dom

estic

Deb

t

STATISTICAL BULLETIN28

(Mill

ions

of U

S D

olla

rs)

2011

2012

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

A.

Net

For

eign

Ass

ets

4,3

08.2

6 3

,484

.78

3,4

52.6

9 3

,158

.91

2,9

25.6

9 2

,680

.19

2,3

95.1

7 2

,068

.15

2,2

68.9

5 2

,091

.28

3,2

11.7

4 3

,297

.23

3,1

72.1

6

B.

Net

Inte

rnat

iona

l Res

erve

s 4

,438

.97

3,5

54.7

5 3

,437

.97

3,1

82.4

6 2

,990

.62

2,7

81.7

4 2

,474

.41

2,2

47.3

3 2

,335

.22

2,1

72.2

4 3

,157

.70

3,2

97.1

2 3

,228

.06

C.

Gro

ss R

eser

ves

5,3

82.8

2 4

,557

.96

4,7

08.0

4 4

,640

.95

4,4

01.2

8 4

,166

.21

4,0

90.9

4 3

,989

.11

4,1

92.8

5 4

,096

.31

5,1

68.0

7 5

,250

.31

5,3

48.9

6

D.

Sho

rt-T

erm

Ass

ets

5,3

59.0

3 4

,535

.49

4,6

85.8

8 4

,598

.58

4,3

59.3

1 4

,126

.64

4,0

52.6

8 3

,951

.09

4,1

54.8

9 4

,058

.29

5,1

29.8

8 5

,212

.01

5,2

67.4

8

Gol

d 4

39.2

8 4

38.6

5 4

38.4

7 4

38.6

5 4

38.6

7 4

38.6

6 4

38.6

5 4

38.6

6 4

38.6

6 4

38.6

5 4

38.6

4 4

38.6

6 4

67.9

1

Hol

ding

s of S

DRs

432

.64

429

.94

431

.23

429

.24

426

.37

415

.92

407

.67

402

.95

406

.26

411

.46

406

.28

405

.98

399

.73

Oth

ers

4,4

87.1

1 3

,666

.90

3,8

16.1

8 3

,730

.69

3,4

94.2

7 3

,272

.06

2,9

56.3

6 2

,809

.48

3,0

09.9

7 2

,858

.18

3,9

34.9

6 4

,017

.37

3,8

74.8

4

E.

Long

-Ter

m A

sset

s 2

3.20

2

1.88

2

1.52

4

1.73

4

1.33

3

8.90

3

7.58

3

7.34

3

7.24

3

7.30

3

7.47

3

7.54

8

0.71

F.

Fore

ign

Liab

ilitie

s 1

,465

.89

1,5

28.3

2 1

,797

.19

1,9

62.8

6 1

,916

.98

1,8

79.8

1 1

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.82

1,9

37.3

2 2

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2,0

80.9

4 2

,165

.57

2,1

07.9

1 2

,059

.96

G.

Sho

rt-T

erm

530

.30

527

.21

707

.69

936

.95

929

.01

952

.71

912

.85

1,0

89.0

3 1

,087

.55

1,1

11.8

5 1

,064

.52

1,0

61.6

3 1

,107

.86

IMF

460

.93

456

.21

547

.83

548

.07

543

.99

543

.95

535

.94

711

.68

711

.71

711

.78

707

.61

707

.65

700

.09

Oth

ers

69.

37

71.

00

159

.86

388

.88

385

.02

408

.76

376

.91

377

.35

375

.84

400

.07

356

.91

353

.98

407

.77

H.

Oth

er L

iabi

litie

s to

Int.

Inst

itutio

ns 0

.56

0.5

5 0

.55

0.5

5 0

.52

0.5

2 0

.52

0.5

2 0

.52

0.5

2 0

.62

0.6

3 0

.63

I.

For

eign

Cur

renc

y D

epos

its 3

89.2

0 4

52.9

8 5

39.6

7 4

78.6

2 4

39.1

6 3

91.6

7 4

14.9

0 3

14.2

1 4

31.6

0 4

23.6

8 5

57.0

4 5

02.6

3 4

05.9

3

J.

Net

Pay

men

t Agr

eem

ents

2.1

3 2

.16

2.1

7 2

.20

2.2

3 2

.12

2.1

5 2

.15

2.1

7 2

.23

2.2

0 2

.20

2.2

3

K.

O

ther

s 0

.59

0.5

9 0

.64

0.6

4 0

.64

0.6

7 0

.68

0.6

8 0

.72

0.7

2 0

.72

0.7

6 0

.77

L.

SD

R A

lloca

tion

545

.83

547

.58

549

.28

546

.74

548

.29

534

.91

534

.55

533

.56

538

.00

544

.89

543

.39

543

.02

545

.54

Tab

le 1

8: In

tern

atio

nal R

eser

ves o

f Ban

k of

Gha

na

* Pro

visio

nal D

ata

STATISTICAL BULLETIN 29

* P

rovi

siona

l**

Gas

impo

rts f

rom

Q1

2011

(Mill

ions

of U

S D

olla

rs)

2010

2011

2012

Q4

Ann

ual

Q1

Q2

Q3

Q4

Ann

ual

Q1

Q2

Q3

Q4

Ann

ual

A. C

urre

nt A

ccou

nt-9

33.3

0-2

,646

.82

-493

.46

-368

.74

-757

.57

-1,9

21.5

6-3

,541

.33

-986

.60

-1,5

28.7

7-1

,539

.90

-866

.19

-4,9

21.4

5

M

erch

andi

se T

rade

Bal

ance

-921

.16

-2,9

62.0

2-2

39.7

3-6

52.4

2-7

58.9

7-1

,401

.18

-3,0

52.3

00.

18-1

,332

.28

-1,6

41.7

2-1

,247

.55

-4,2

21.3

7

Exp

orts

(f.o

.b)

2,11

4.89

7,96

0.09

3,10

4.30

3,35

3.13

3,33

9.30

2,98

8.69

12,7

85.4

24,

118.

113,

414.

882,

702.

6133

05.8

313

541.

43

Coc

oa b

eans

& P

rodu

cts

554.

722,

219.

5494

0.91

745.

1465

8.64

526.

182,

870.

871,

143.

4778

1.76

403.

4149

9.98

2828

.62

G

old

1,04

0.38

3,80

3.52

1,15

1.47

1,25

7.34

1,31

0.77

1,20

0.64

4,92

0.22

1,76

6.11

1,41

5.34

1,10

0.85

1360

.97

5643

.27

Ti

mbe

r & T

imbe

r Pro

duct

s53

.37

189.

4740

.99

43.3

744

.59

36.7

116

5.66

29.1

830

.95

30.7

430

.56

121.

43

Cru

de O

il0.

00

0.00

48

2.29

704.

6978

5.67

805.

882,

778.

5370

0.13

657.

6774

0.71

877.

552,

976.

06

Oth

er E

xpor

ts46

6.42

1,74

7.56

488.

6460

2.59

539.

6341

9.28

2,05

0.14

479.

2252

9.16

426.

9053

6.77

1,97

2.05

Impo

rts (

f.o.b

)-3

,036

.05

-10,

922.

11-3

,344

.03

-4,0

05.5

5-4

,098

.27

-4,3

89.8

7-1

5,83

7.72

-4,1

17.9

3-4

,747

.16

-4,3

44.3

3-4

,553

.38

-17,

762.

80

Non

-oil

-2,4

06.7

6-8

,686

.18

-2,6

50.9

0-3

,143

.74

-3,4

97.6

6-3

,379

.98

-12,

672.

28-3

,484

.45

-3,6

02.3

3-3

,580

.47

-3,7

65.3

1-1

4,43

2.56

O

il &

Gas

**-6

29.2

9-2

,235

.93

-693

.13

-861

.81

-600

.61

-1,0

09.8

9-3

,165

.44

-633

.48

-1,1

44.8

3-7

63.8

6-7

88.0

7-3

,330

.24

B. B

alan

ce o

n Se

rvic

es, I

ncom

e an

d Tr

ansf

ers

-12.

1431

5.20

-253

.73

283.

681.

40-5

20.3

8-4

89.0

3-9

86.7

7-1

96.4

910

1.82

381.

36-7

00.0

8

Se

rvic

es (n

et)

-305

.89

-1,4

74.2

8-7

62.0

5-2

30.5

0-3

32.4

3-5

31.3

8-1

,856

.36

-1,0

80.9

2-7

7.18

-81.

1126

3.76

-975

.44

C

redi

t45

1.90

1,52

7.27

352.

1947

8.49

460.

8351

8.61

1,81

0.12

516.

5891

4.73

892.

3393

5.77

3,25

9.41

D

ebit

-757

.79

-3,0

01.5

5-1

,114

.24

-708

.99

-793

.26

-1,0

49.9

9-3

,666

.48

-1,5

97.5

0-9

91.9

1-9

73.4

4-6

72.0

1-4

,234

.85

In

com

e (n

et)

-236

.92

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.95

-249

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-162

.02

-237

.84

-581

.19

-1,2

30.0

9-9

13.0

6-6

35.5

6-2

44.1

4-3

37.2

1-2

,129

.96

C

redi

t13

.23

54.9

213

.85

13.8

413

.84

13.8

455

.37

5.51

4.96

24.7

020

.10

55.2

7

Deb

it-2

50.1

5-5

87.8

7-2

62.8

9-1

75.8

6-2

51.6

8-5

95.0

3-1

,285

.46

-918

.57

-640

.52

-268

.84

-357

.31

-2,1

85.2

3

Tra

nsfe

rs (n

et)

530.

672,

322.

4375

7.36

676.

2057

1.67

592.

192,

597.

421,

007.

2151

6.24

427.

0745

4.81

2,40

5.33

Pr

ivat

e (n

et)

530.

672,

122.

6967

3.76

595.

1450

7.68

592.

192,

368.

7786

6.93

476.

7637

2.93

430.

892,

147.

51

Offi

cial

(net

)0.

0019

9.74

83.6

081

.06

63.9

90.

0022

8.65

140.

2839

.48

54.1

423

.92

257.

82C

. Fin

anci

al a

nd C

apita

l Acc

ount

2,03

7.98

4,28

5.51

516.

4874

7.38

457.

272,

758.

184,

479.

3112

9.09

456.

6995

9.43

1,54

5.34

3,09

0.55

Cap

ital T

rans

fers

88.9

633

7.47

127.

9716

4.33

152.

760.

0044

5.06

79.4

058

.46

6.44

0.28

144.

58

D

irect

inve

stm

ents

516.

102,

527.

3678

1.56

963.

581,

047.

7242

9.39

3,22

2.25

897.

5279

6.25

1,24

9.90

349.

763,

293.

43

O

ther

inve

stm

ents

1,43

2.92

1,42

0.68

-393

.05

-380

.53

-743

.21

2,32

8.79

812.

00-8

47.8

3-3

98.0

2-2

96.9

11,

195.

30-3

47.4

6D

. Net

Err

ors a

nd O

mis

sion

s25

9.16

-176

.02

-177

.23

-233

.91

21.6

3-1

.94

-391

.45

-398

.99

364.

0327

8.30

376.

6762

0.00

O

vera

ll Ba

lanc

e1,

363.

841,

462.

67-1

54.2

114

4.73

-278

.67

834.

6854

6.53

-1,2

56.5

0-7

08.0

5-3

02.1

71,

055.

82-1

,210

.90

E. R

eser

ves a

nd R

elat

ed It

ems

-1,3

63.8

4-1

,462

.67

154.

21-1

44.7

327

8.67

-834

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-546

.53

1,25

6.50

708.

0530

2.17

-1,0

55.8

21,

210.

90

Cha

nges

in In

tern

atio

nal R

eser

ves

-1,3

63.8

4-1

,462

.67

154.

21-1

44.7

327

8.67

-834

.68

-546

.53

1,25

6.50

708.

0530

2.17

-1,0

55.8

21,

210.

90

IMF

Posit

ion

(net

)0.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

000.

00

Hol

ding

s of S

DR

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

O

ther

Res

erve

Cha

nges

-1,3

63.8

4-1

,462

.67

154.

21-1

44.7

327

8.67

-834

.68

-546

.53

1,25

6.50

708.

0530

2.17

-1,0

55.8

21,

210.

90

Exc

eptio

nal F

inan

cing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Tabl

e 19

. B

alan

ce o

f Pay

men

ts

STATISTICAL BULLETIN30

(M

illio

ns o

f US

Dol

lars

)20

1120

12

Q4

Ann

ual

Q1

Q2

Jul

Aug

Sep

Q3

Oct

Nov

Dec

Q4

Ann

ual

Mer

chan

dise

Exp

orts

(f

.o.b

.) 2

,976

.02

12,

772.

73

4,11

8.3

3,41

4.8

828.

71,

009.

086

4.8

2,70

2.6

1,10

2.7

1,07

0.2

1,13

2.8

3,30

5.8

13,5

41.5

Coc

oa B

eans

2

43.2

8 1

,934

.39

992.

163

3.8

121.

483

.536

.224

1.2

53.0

119.

715

2.9

325.

62,

192.

7

Gol

d 1

,193

.27

4,9

12.8

5 1,

766.

11,

415.

331

2.3

412.

237

6.3

1,10

0.8

434.

950

5.0

421.

01,

361.

05,

643.

3

Tim

ber P

rodu

cts

37.

51

166

.45

29.2

30.9

10.1

11.0

9.7

30.7

10.5

10.0

10.0

30.6

121.

4

Cru

de o

il 8

08.0

1 2

,780

.66

700.

165

7.7

199.

931

9.0

221.

974

0.7

344.

221

1.9

321.

487

7.6

2,97

6.1

Oth

er E

xpor

ts /1

693

.95

2,9

78.3

9 63

0.7

677.

118

5.0

183.

422

0.8

589.

226

0.1

223.

622

7.4

711.

12,

608.

0

Mer

chan

dise

Impo

rts

(f.o

.b)

4,3

89.5

4 1

5,83

7.75

4,

118.

14,

747.

21,

523.

81,

531.

61,

285.

34,

340.

71,

564.

81,

461.

31,

519.

94,

546.

017

,751

.9

Non

-Oil

3,38

0.0

12,6

72.3

3,48

4.6

3,60

2.3

1,27

2.9

1,19

9.6

1,10

4.4

3,57

6.8

1,21

0.0

1,27

9.7

1,26

8.2

3,75

7.9

14,4

21.7

Oil

& G

as**

1,00

9.6

3,16

5.4

633.

41,

144.

825

0.9

332.

018

0.9

763.

935

4.8

181.

625

1.7

788.

13,

330.

2

Trad

e Ba

lanc

e-1

,413

.5-3

,065

.00.

2-1

,332

.3-6

95.1

-522

.5-4

20.5

-1,6

38.1

-462

.0-3

91.1

-387

.1-1

,240

.2-4

,210

.4

Tabl

e 20

: Mer

chan

dise

Tra

de F

low

s

* Pro

visio

nal d

ata

STATISTICAL BULLETIN 31

Petroleum Imports by Value in million US$ (f.o.b)2011 2012*

Annual Q1 Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Annual

Crude Oil 1,465.51 139.89 370.48 66.67 104.87 0.00 171.54 111.34 41.32 51.15 203.81 885.72

Premium 695.54 178.26 295.80 74.07 83.97 58.54 216.58 69.91 69.23 68.29 207.43 898.07

Gas Oil 808.13 223.86 377.39 80.42 102.43 100.96 283.81 153.28 49.11 111.31 313.70 1198.76

LPG 153.04 46.53 59.83 8.59 19.49 21.43 49.51 20.30 22.47 20.93 63.70 219.57

Aviation Fuel - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Gas (West Africa) 173.92

Total 3,296.14 588.54 1103.50 229.75 310.76 180.93 721.44 354.83 182.13 251.68 788.64 3202.12

Petroleum Imports by Value in US$ million (c.i.f.) 2011 2012*

Q1 Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Annual

Crude Oil 1,500.70 143.24 379.38 68.27 107.39 0.00 175.66 114.01 42.31 52.38 208.70 906.98

Premium 693.96 182.53 302.90 75.85 85.99 59.94 221.78 71.59 70.89 69.93 212.41 919.62

Gas Oil 812.88 229.24 386.45 82.35 104.89 103.38 290.63 156.96 50.29 113.99 321.24 1,227.56

LPG 151.58 47.64 61.27 8.80 19.95 21.94 50.70 20.79 23.01 21.43 65.23 224.84

Aviation Fuel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 3,159.13 602.65 1,130.00 235.27 318.22 185.27 738.76 363.35 186.50 257.73 807.58 3,278.99

Crude oil Imports ( f. o. b.) by importer, value in US$ million2011 2012*

Annual Q1 Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Annual

TOR 1,159.08 84.23 161.07 66.67 54.27 0.00 120.94 0.00 0.00 0.00 0.00 366.24

VRA 259.11 100.56 209.44 21.18 71.86 0.00 93.04 111.34 41.32 51.15 203.81 403.04

Total 1,418.19 184.79 370.51 87.85 126.13 0.00 213.98 111.34 41.32 51.15 203.81 769.28

Petroleum Imports by Volumes2011 2012*

Annual Q1 Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Annual

Crude oil (bbl) 11,397,312 1,154,638 3,029,215 695,253 939,634 0.00 1,634,887 939,334 349,281 440,317 1,728,932 7,547,672

Premium (MT) 695,401 177,376 276,341 77,192 81,219 51,823 210,234 63,348 71,303 70,913 205,564 869,515

Gas oil (MT) 870,643 230,656 385,962 96,055 112,244 103,565 311,864 155,454.68 52,031 119,346 326,832 1,255,313

LPG (MT) 172,293 48,317 67,569 13,617 25,188 23,600 62,405 21,348 22,117 21,070 64,534 242,825

Aviation Fuel (MT) - 5,969 40,895 5,053 11,974 0.00 17,027 9,864 14,951 6,991 31,805 95,697

* ProvisionalSource: Tema Oil Refinery, National Petroleum Authority and Volta River Authority

* Provisional Source: Tema Oil Refinery, National Petroleum Authority and Volta River Authority

* Provisional Source: Tema Oil Refinery and Volta River Authority

* Provisional- No importation for the periodSource: Tema Oil Refinery, National Petroleum Authority and Volta River Authority

Table 21: Crude oil and Petroleum Products Imports 2011 - 2012

STATISTICAL BULLETIN32

(In millions of US dollars, unless otherwise specified

20102011 2012*

Q4 Annual Q1 Q2 Q3 Q4 Annual

Gold

Value 3,803.52 1,200.64 4,920.21 1,766.10 1,415.34 1,100.85 1,360.97 5,643.26

Volume (fine ounces) 3,117,566 705,610 3,144,376 1,057,749 880,137 666,792 825,179 3,429,857

Unit Value (US dollars per ounce) 1,220.03 1,701.56 1,564.76 1,669.68 1,608.09 1,650.96 1,649.30 1,645.33

Cocoa Beans

Value 1,660.01 336.82 2,027.94 992.10 633.82 241.15 325.63 2,192.70

Volume (metric tons) 547,421 117,739 630,216 296,481 207,037 87,496 127,620 718,634

Unit Value (US dollars per ton) 3,032.42 2,860.73 3,217.85 3,346.26 3,061.39 2,756.13 2,551.54 3,051.21

Cocoa products

Value 625.19 189.36 842.94 151.37 147.94 162.26 174.35 635.92

Volume (metric tons) 164,073 54,899 226,232 42,841 38,828 47,995 50,822 180,486

Unit Value (US dollars per ton) 3,810.41 3,449.24 3,725.98 3,533.27 3,810.14 3,380.77 3,430.60 3,523.37

Crude Oil Exports

Value - 805.88 2,778.52 700.11 657.68 740.72 877.54 2,976.05

Volume (barrels) - 7,166,177 24,731,475 5,871,464 5,873,709 6,816,863 7,868,898 26,430,934

Unit value (US dollars per barrel) - 112.46 112.35 119.24 111.97 108.66 111.52 112.60

Timber and Timber Products

Value 189.47 36.71 165.66 29.179748 30.95 30.74 30.56 121.43

Volume (cubic meters) 427,131 76,008 355,620 61,360 61,377 57,084 57,786 237,607

Unit Value (US dollars per cubic meter) 443.58 482.98 465.84 475.55 504.26 538.50 528.85 511.05

Aluminium

Value 0.00 15.29 88.78 25.68 18.16 15.35 12.58 71.77

Volume (metric tons) 0.00 6,053 35,213 11,275 8,014 7,023 5,883 32,195

Unit Value (US dollars per ton) 0.00 2,526.02 2,521.09 2,277.61 2,266.03 2,185.68 2,138.36 2,229.23

Residual oil

Value 68.37 0.00 21.52 - - - - -

Volume (metric tons) 116,907 0.00 89,285 - - - - -

Unit Value (US dollars per ton) 584.81 0.00 241.08 - - - - -

Manganese

Value 58.21 28.58 117.17 20.31 27.27 22.64 22.55 92.77

Volume (metric tons) 893,513 442,490 1,783,929 307,386 402,585 348,068 349,457 1,407,496

Unit Value (US dollars per ton) 65.14 64.59 65.68 66.06 67.74 65.05 64.53 65.91

Electricity

Value 124.94 16.29 65.71 16.27 15.69 8.28 11.58 51.82

Volume (millions of kilowatt-hours) 1,053.62 180.30 728.60 196.93 190.23 97.55 138.34 623.05

Unit Value (US$' 000/kilowatt-hour) 0.12 0.09 0.09 0.08 0.08 0.08 0.08 0.08

Diamond

Value 11.31 1.05 18.32 4.68162412 2.36 1.95 1.38 10.37

Volume (carats) 311,347 22,953 317,539 80551 38,956 47,798 27,642 194,947

Unit Value (US dollars per carat) 36.32 45.75 57.69 58.12 60.58 40.80 49.92 53.20

Bauxite

Value 15.15 1.12 7.09 5.32 4.36 6.03 6.54 22.25

Volume (metric tons) 512,146 37,403 236,304 166,712 129,281 168,110 186,230 650,333

Unit Value (US dollars per ton) 29.58 29.94 30.00 31.91 33.72 35.87 35.12 34.21

Other Non-traditional Exports

Value 1,469.58 356.95 1,731.40 407.15 461.30 372.67 482.19 1,723.31

* Provisional

Table 22. Ghana:Value, Volume and Unit Price of Exports (2010-2012)

STATISTICAL BULLETIN 33

COCOA LIFFE (£)/tonne

GOLD US$/fine oz DIAMOND US$/carats

BAUXITE US$/tonne

MANGANESE US$/tonne

CRUDE OIL US$/barrel

2009 Jan 1,847.67 860.05 n.a 23.66 57.52 45.62 Feb 1,869.80 942.58 11.81 23.66 58.00 43.73 Mar 1,853.36 924.41 11.81 23.66 53.48 47.32 Apr 1,779.00 891.43 20.15 21.14 58.97 51.23 May 1,646.00 926.48 19.54 21.14 64.40 58.57 Jun 1,685.00 903.79 26.15 21.14 65.32 69.34 Jul 1,740.43 934.42 28.65 21.51 65.87 65.76 Aug 1,833.96 949.35 22.26 n.a 66.95 73.07 Sep 1,966.55 995.25 17.16 21.51 66.33 68.19 Oct 2,145.00 1,044.57 15.86 22.48 65.32 73.87 Nov 2,132.00 1,127.94 24.71 n.a 65.04 77.50 Dec 2,248.00 1,126.83 27.45 24.67 n.a 75.242010 Jan 2,286.90 1,116.95 31.32 24.80 65.86 76.92 Feb 2,233.60 1,095.49 25.90 30.00 65.71 74.75 Mar 2,203.35 1,113.77 29.29 30.00 65.71 79.90 Apr 2,248.00 1,147.91 36.38 30.00 n.a 85.68 May 2,318.00 1,202.81 36.02 30.00 65.52 76.99 Jun 2,378.00 1,233.20 43.31 30.00 66.04 75.66 Jul 2,353.00 1,193.68 32.30 30.00 57.77 75.49 Aug 2,061.00 1,215.53 37.35 30.00 66.47 77.11 Sep 1,897.00 1,271.10 43.83 30.00 65.55 78.21 Oct 1,903.95 1,342.96 32.54 n.a 66.65 83.49 Nov 1,867.73 1,369.69 44.43 30.00 n.a 86.11 Dec 1,994.48 1,391.16 44.31 n.a 65.66 92.342011 Jan 2,046.00 1,359.46 40.71 30.00 65.24 96.82 Feb 2,228.15 1,372.35 45.67 30.00 65.68 104.09 Mar 2,161.61 1,422.50 59.54 30.00 66.31 114.62 Apr 1,934.85 1,481.10 58.12 30.00 66.05 123.13 May 1,878.48 1,515.22 63.00 30.00 67.36 114.53 Jun 1,858.55 1,528.25 64.11 30.00 65.84 113.91 Jul 1,954.67 1,575.15 64.21 30.00 66.38 116.68 Aug 1,888.43 1,770.13 71.41 30.00 65.33 109.82 Sep 1,823.52 1,768.96 51.18 30.00 65.72 109.96 Oct 1,700.86 1,673.66 52.28 30.00 65.72 108.80 Nov 1,590.23 1,744.69 45.27 30.00 66.20 110.61 Dec 1,406.00 1,658.49 48.48 30.00 n.a 107.722012

Jan 1,492.00 1,632.18 54.84 32.00 66.14 111.55Feb 1,501.00 1,730.50 59.73 32.00 65.04 126.96Mar 1,502.00 1,671.28 57.09 31.78 65.90 124.55Apr 1,456.00 1,649.90 62.11 31.78 66.15 125.90May 1,499.05 1,579.24 56.77 32.00 67.82 109.36Jun 1,517.00 1,602.91 59.55 37.00 67.95 95.89Jul 1,562.73 1,590.96 56.14 31.90 64.06 102.77

Aug 1,638.65 1,631.05 46.32 35.40 68.02 113.19Sep 1,659.10 1,746.89 42.27 38.84 60.36 113.04Oct 1,557.39 1,744.96 45.91 37.00 61.28 111.52Nov 1,569.32 1,721.17 49.55 38.00 64.83 109.53Dec 1,508.05 1,678.82 70.81 39.00 68.34 109.19

n.a = Data not available Source: Reuters & The Mining Companies LIFFE =London International Futures and Funds Exchange.

Table 23. Commodity Prices

STATISTICAL BULLETIN34

(In

per c

ent o

f tot

al)

Trad

e Pa

rtne

rs

Expo

rts

Impo

rts

2010

2011

2012

2010

2011

2012

Ann

ual

Ann

ual

Q1

Q2

Q3

Q4

Ann

ual

Ann

ual

Ann

ual

Q1

Q2

Q3

Q4

Ann

ual

Indu

stri

al C

ount

ries

28.0

43.4

44.6

30.8

27.0

23.2

31.4

47.5

47.7

39.2

44.5

47.5

52.4

45.9

Fr

ance

3.4

13.8

13.4

7.9

8

.7

5.4

8

.8

6.8

2.8

2.3

1

.7

2.2

3

.4

2.4

G

erm

any

1.8

1.5

0.9

2.7

1.0

0.9

1.4

2.9

3.1

2.7

2

.6

2.7

2

.9

2.7

Ita

ly0.

86.

612

.83.

66.

35.

77.

12.

31.

9 1

.6

2.4

3

.0

1.7

2

.2

Ja

pan

1.0

0.5

0.2

0.6

0.9

0.6

0.6

1.8

1.6

1.3

1

.3

1.2

2

.2

1.5

N

ethe

rland

s9.

48.

36.

27.

33.

55.

75.

72.

83.

4 6

.1

8.1

7

.4

11.

4 8

.2

U

nite

d K

ingd

om4.

03.

53.

42.

61.

51.

22.

24.

54.

9 3

.2

4.1

4

.2

5.0

4

.1

U

nite

d St

ates

3.0

4.0

3.2

2.1

2.2

1.0

2.1

8.3

10.1

8.4

9

.5

9.6

9

.0

9.1

O

ther

s4.

75.

34.

54.

02.

92.

53.

518

.120

.0 1

3.6

14.

8 1

7.2

16.

7 1

5.6

Oth

er E

urop

eans

13.3

14.6

12.9

15.0

15.6

15.9

14.8

8.8

9.0

8.1

8.7

9.8

8.1

8.7

Res

t of t

he w

orld

58.7

42.0

42.5

54.2

57.4

60.9

53.8

43.7

43.3

52.7

46.8

42.7

39.5

45.4

Tabl

e 24

. G

hana

: Dir

ectio

n of

Tra

de, (

2010

-201

2)

Sour

ce: I

MF-

Dire

ctio

n of

Tra

de S

tatis

tics,

(var

ious

issu

es) &

Ban

k of

Gha

na es

timat

es

STATISTICAL BULLETIN 35

Interbank MarketUS Dollar Pound

SterlingEURO Japanese Yen Swiss Franc

2009 Jan 1.2828 1.8382 1.7067 0.0142 1.0949 Feb 1.3402 1.9411 1.7469 0.0136 1.1349 Mar 1.3832 1.9909 1.8357 0.0140 1.2039 Apr 1.4042 2.0492 1.8454 0.0143 1.2344 May 1.4396 2.2064 1.9973 0.0147 1.3126 Jun 1.4725 2.4141 2.0658 0.0152 1.3446 Jul 1.4858 2.3952 2.0857 0.0154 1.3510 Aug 1.4613 2.3473 2.0775 0.0158 1.3805 Sep 1.4514 2.3298 2.1176 0.0162 1.4082 Oct 1.4416 2.3775 2.1388 0.0160 1.4254 Nov 1.4322 2.3800 2.1529 0.0167 1.4348 Dec 1.4284 2.2991 2.0484 0.0156 1.39182010 Jan 1.4257 2.3100 2.0058 0.0158 1.3574 Feb 1.4266 2.9135 1.9338 0.0160 1.3259 Mar 1.4168 2.1357 1.9108 0.0152 1.3347 Apr 1.4170 2.1706 1.8747 0.0151 1.3159 May 1.4206 2.0593 1.7470 0.0155 1.2274 Jun 1.4267 2.1191 1.7277 0.0161 1.3160 Jul 1.4353 2.2396 1.8526 0.0167 1.3835 Aug 1.4307 2.1950 1.8082 0.0170 1.4024 Sep 1.4269 2.2503 1.9440 0.0172 1.4648 Oct 1.4293 2.2493 1.9752 0.0178 1.4464 Nov 1.4367 2.1806 1.8896 0.0171 1.4440 Dec 1.4738 2.2709 1.9407 0.0179 1.54932011 Jan 1.5013 2.3571 2.0402 0.0180 1.5695 Feb 1.4937 2.4197 2.0643 0.0185 1.6263 Mar 1.5021 2.4338 2.1625 0.0183 1.6584 Apr 1.4972 2.4874 2.2180 0.0186 1.7438 May 1.5018 2.4401 2.1506 0.0185 1.7703 Jun 1.5064 2.4166 2.1523 0.0188 1.8082 Jul 1.5055 2.4528 2.1547 0.0194 1.8817 Aug 1.5104 2.4757 2.1829 0.0197 1.8604 Sep 1.5224 2.4308 2.1266 0.0200 1.7005 Oct 1.5326 2.5020 2.1949 0.0198 1.7890 Nov 1.5412 2.5078 2.1851 0.2010 1.6987 Dec 1.5505 2.4946 2.1076 0.0205 1.68382012 Jan 1.6475 2.6233 2.1781 0.0218 1.8196 Feb 1.6735 2.6764 2.2736 0.0207 1.8568 Mar 1.6888 2.26 2.3025 0.0211 1.9192 Apr 1.7030 2.3372 2.3916 0.0224 1.9805 May 1.8103 2.3938 2.3814 0.0238 1.9277 Jun 1.8735 2.3919 2.4121 0.0239 1.9914 Jul 1.8843 2.3833 2.3756 0.0246 1.9665 Aug 1.8907 3.0450 2.4191 0.0245 2.0052 Sep 1.8887 3.0411 2.4501 0.0246 2.0312 Oct 1.8789 3.0313 2.4265 0.0236 2.0159 Nov 1.8772 2.9989 2.4467 0.0229 2.0387 Dec 1.8800 3.0574 2.4769 0.0219 2.0585

Forex Bureaux MarketUS Dollar Pound Sterling EURO

1.3368 1.8573 1.7314 1.3937 1.9246 1.7612 1.4109 1.9990 1.8614 1.4368 2.0909 1.8636 1.4507 2.2496 1.9643 1.4807 2.3904 2.0402 1.4841 2.4118 2.0762 1.4757 2.3859 2.0805 1.4757 2.3946 2.1230 1.4614 2.3634 2.1382 1.4625 2.3805 2.1532 1.4624 2.3305 2.0810

1.4546 2.3285 2.0359 1.4524 2.2678 1.9768 1.4489 2.1755 1.9691 1.4437 2.2344 1.9282 1.4337 2.0691 1.7732 1.4400 2.1012 1.7630 1.4505 2.2191 1.8541 1.4497 2.2314 1.8250 1.4498 2.2312 1.8791 1.4459 2.2521 1.9528 1.4530 2.2848 1.9666 1.4775 2.2683 1.9550

1.5052 2.3491 2.0073 1.5141 2.3482 2.0209 1.5277 2.4341 2.1128 1.5286 2.4387 2.1319 1.5195 2.4396 2.1291 1.5173 2.4341 2.1400 1.5146 2.4309 2.1241 1.5235 2.4505 2.1387 1.5789 2.4691 2.1469 1.6030 2.4223 2.2112 1.6355 2.5323 2.1900 1.6596 2.5473 2.1591

1.6957 2.6509 2.20771.7003 2.6778 2.24191.7666 2.7882 2.34231.8600 2.9632 2.44731.9323 3.0168 2.44681.9491 3.0327 2.44732.0435 3.1446 2.47142.0318 3.1705 2.49141.9900 3.1773 2.54231.9437 3.0546 2.51271.9309 3.0555 2.46911.9628 3.1060 2.5550

Table 25. Foreign Exchange Rates (GH¢ per Currency); End Period

STATISTICAL BULLETIN36

(In

mill

ions

of U

.S. d

olla

rs)

Stoc

k A

s At E

nd

2010

2011

2012

*

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Tota

l Ext

erna

l Deb

t5,

362.

215,

619.

905,

998.

336,

254.

55 6

,828

.82

7,3

57.7

2 7

,345

.38

7,5

89.4

5 7

,821

.26

7,7

04.3

4 7

,843

.16

8,83

5.56

Mul

tilat

eral

Cre

dito

rs2,

690.

402,

786.

612,

916.

193,

057.

693,

434.

133,

854.

903,

853.

463,

891.

783,

802.

723,

638.

373,

659.

004,

225.

14

O

f whi

ch:

IM

F26

2.59

375.

6039

4.59

388.

0240

0.82

495.

8148

5.84

481.

7148

0.21

452.

7347

3.75

704.

79

Bila

tera

l Cre

dito

rs1,

816.

461,

846.

422,

031.

782,

169.

192,

372.

662,

501.

222,

498.

552,

712.

322,

653.

602,

678.

042,

789.

312,

906.

53

O

f whi

ch:

Pa

ris C

lub

1,17

7.20

1,11

1.28

1,24

3.51

1,36

3.03

1,55

6.86

1,64

6.45

1,65

4.90

1,83

0.49

559.

3853

7.21

547.

6559

6.81

N

on-P

aris

Clu

b63

9.25

735.

1478

8.27

806.

1681

5.80

854.

7784

3.65

881.

8335

8.79

337.

3231

7.82

340.

16

Ex

port

Cre

dit A

genc

ies

870.

9188

5.54

893.

4695

0.01

O

ther

Con

cess

iona

l86

4.52

917.

971,

030.

381,

019.

55

Com

mer

cial

Cre

dito

rs85

5.35

986.

871,

050.

361,

027.

671,

022.

031,

001.

6099

3.37

985.

351,

364.

941,

387.

931,

394.

851,

703.

89

O

f whi

ch:

In

tern

atio

nal C

apita

l Mar

ket

750.

0075

0.00

750.

0075

0.00

750.

0075

0.00

750.

0075

0.00

750.

0075

0.00

750.

0075

0.00

Tabl

e 26

: Gha

na: P

ublic

and

Pub

licly

Gua

rant

eed

Exte

rnal

Deb

t

* Pro

visio

nal E

stim

ate

STATISTICAL BULLETIN 37

Date of Price Change Premium Gasoline Regular Gasoline Kerosine Gas Oil (Diesel) ATK RFO LPG (GH¢/kl.)

March 10, 2000 0.1420 - 0.1325 0.1325 - 0.1031 0.2240

April 19, 2000 0.1420 - 0.1325 0.1325 - 0.1031 0.1900

February 23, 2001 0.2333 - 0.1956 0.1956 0.1756 0.1335 0.2200

August 17, 2001 0.2333 - 0.1956 0.1956 0.2009 0.1335 0.2200

November 1, 2001 0.2333 - 0.1956 0.1956 0.1972 0.1335 0.2200

December 28, 2001 0.2333 - 0.1956 0.1956 0.1984 0.1368 0.2200

January 17, 2003 0.4444 - 0.3889 0.3889 0.3364 0.1927 0.3800

February 18, 2005 0.6667 - 0.5333 0.5867 0.5333 0.2847 0.5700

August 8, 2005 0.6778 - 0.4889 0.6067 - 0.2851 0.5172

October 3, 2005 0.7111 - 0.4889 0.6467 - 0.2851 0.5172

January 6, 2006 0.7067 - 0.4889 0.6433 - 0.2851 0.5172

February 17, 2006 0.7744 - 0.5444 0.7111 - 0.3267 0.5487

May 3, 2006 0.8517 - 0.6422 0.7714 - 0.3378 0.7863

July 20, 2006 0.9369 - 0.7693 0.8516 - 0.4406 0.7586

August 4 2006 0.8970 - 0.7129 0.8306 - 0.3956 0.7069

September 25 2006 0.8104 - 0.6667 0.7866 - 0.3470 0.6966

October 31, 2006 0.7913 - 0.6667 0.7708 - 0.5536 0.7314

December 5, 2006 0.7834 - 0.6667 0.7631 - 0.3339 0.7314

February 7, 2007 0.7749 - 0.6467 0.7387 - 0.3211 0.7035

March 1, 2007 0.7749 0.6467 0.7387 - 0.3386 0.7035

April 1, 2007 0.8203 - 0.6619 0.7756 - 0.3234 0.7177

May 1, 2007 0.8859 - 0.6994 0.8066 - 0.3764 0.7326

June 1, 2007 0.9400 - 0.7000 0.8100 - 0.3945 0.7300

August 1, 2007 0.9531 - 0.7587 0.8105 - 0.4551 0.7533

September 1, 2007 0.9120 - 0.7560 0.8105 - 0.4503 0.7723

October 1, 2007 0.9391 - 0.7938 0.9044 - 0.4644 0.8110

November 1, 2007 0.9778 - 0.8625 0.9528 - 0.5094 0.9790

November 23, 2007 1.0392 - 0.9429 1.0275 - 0.5775 1.0096

December 16, 2007 1.0199 - 0.9355 1.0263 - 0.5595 1.0614

January 2, 2008 1.0270 - 0.9250 1.0190 - 0.5734 1.0528

January 16, 2008 1.0660 - 0.9420 1.0400 - 0.6030 1.0160

February 1, 2008 1.0250 - 0.9280 1.0180 - 0.5740 1.0160

February 16, 2008 1.0400 - 0.9430 1.0400 - 0.5700 1.0160

March 1, 2008 1.0940 - 1.0145 1.1054 - 0.5858 1.0396

March 16, 2008 1.1050 - 1.0900 1.1630 - 0.5950 1.0500

April 1, 2008 1.1135 - 1.1131 1.1768 - 0.6147 1.0500

April 16, 2008 1.1386 - 1.1712 1.2137 - 0.6459 1.0133

May 3, 2008 1.1853 - 1.1895 1.2540 - 0.6665 1.0044

May 26, 2008 1.1853 - 1.1350 1.2000 - 0.6665 1.0044

November 1, 2008 1.0665 - 1.0200 1.0985 - 0.5806 0.9191

November 19, 2008 1.0300 - 1.0010 1.0750 - 0.5806 0.8790

December 1, 2008 0.9900 - 1.0010 1.0400 - 0.5806 0.8400

December 12, 2008 0.8180 - 0.7000 0.8890 - 0.5806 0.6500

March 10, 2009 0.7790 - 0.6650 0.8460 - 0.5806 0.5850

April 1, 2009 0.8578 - 0.6650 0.8620 - 0.5806 0.6140

June 6, 2009 1.1141 - 0.8645 1.1206 - 0.5806 0.7361

November 1, 2009 1.1698 - 0.9100 1.1805 - 0.5806 0.8381

January 4, 2011 1.5207 - 0.9100 1.5340 - 0.8393 1.0476

December 29, 2011 1.7548 - 0.9100 1.7709 - 0.8393 1.3619Source: Ministry of Energy

Table 27 Ghana: Retail Prices of Major Petroleum Products(March 2000 - December 2011)

STATISTICAL BULLETIN38

2010

2011

2012

Dec

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Ove

rall

Inde

x34

1.83

371.

1637

9.33

385.

0238

9.79

396.

1040

3.90

409.

5041

2.40

409.

2540

2.90

398.

9840

1.10

404.

00

F

ood

and

Non

-Alc

ohol

ic B

ever

ages

288.

3330

0.64

306.

3230

9.85

313.

9731

8.84

325.

9933

0.90

333.

2032

5.71

314.

6030

7.81

309.

7031

2.50

A

lcoh

olic

Bev

erag

es, T

obac

co a

nd N

arco

tics

354.

4339

4.76

397.

0740

4.46

418.

1043

0.19

440.

5744

6.00

447.

5045

0.47

451.

4445

0.38

453.

3045

4.40

C

loth

ing

and

Foot

wea

r27

3.80

309.

6831

2.19

318.

4032

3.81

331.

4033

7.07

340.

7034

4.50

345.

6434

5.48

345.

6834

7.70

351.

70

H

ousin

g an

d U

tiliti

es45

1.87

483.

1948

5.88

491.

3549

7.19

502.

4950

6.73

510.

7051

1.00

513.

1451

3.24

513.

9751

5.20

520.

20

Furn

ishin

gs, H

ouse

hold

Equ

ipm

ents

, etc

305.

6334

5.56

348.

6435

4.48

360.

4336

8.35

373.

4637

9.10

382.

0038

4.32

384.

4238

4.43

385.

9038

9.30

H

ealth

57

1.21

614.

5461

4.54

623.

0162

8.62

636.

8664

8.71

656.

0065

6.70

664.

0366

4.51

664.

8866

7.40

672.

60

T

rans

port

49

9.75

613.

2168

9.28

691.

9569

8.38

715.

0772

6.24

730.

6073

6.30

736.

8873

6.90

737.

0873

8.20

739.

40

C

omm

unic

atio

ns27

2.95

274.

7427

4.74

274.

7427

4.74

274.

7427

4.74

274.

7027

4.70

274.

7427

4.74

274.

7427

4.70

275.

90

R

ecre

atio

n an

d Cu

lture

53

3.51

602.

8860

2.88

611.

0561

2.95

619.

7462

9.63

636.

2065

2.60

660.

0466

0.07

659.

0365

9.40

665.

50

E

duca

tion

282.

5128

9.53

289.

5330

7.73

307.

7331

2.44

313.

2231

7.40

333.

7033

5.23

335.

2333

5.29

335.

5033

7.20

H

otel

s, C

afés

and

Res

taur

ants

534.

9256

2.92

571.

4759

0.86

593.

3059

7.26

612.

9062

0.40

621.

4061

7.51

609.

3960

4.98

609.

3061

0.30

M

iscel

lane

ous G

oods

and

Ser

vice

s28

9.32

344.

3534

5.96

351.

2035

6.54

367.

9637

0.74

379.

2038

4.90

387.

6938

7.71

387.

0439

2.10

393.

80

CO

MBI

NED

M

onth

ly C

hang

e (%

)1.

131.

162.

201.

501.

241.

621.

971.

400.

70-0

.80

-1.5

5-0

.97

0.50

0.70

Y

ear-

on-Y

ear

8.58

8.58

8.73

8.64

8.78

9.11

9.34

9.40

9.50

9.50

9.43

9.24

9.30

8.80

A

nnua

l Ave

rage

(%)

10.7

18.

728.

708.

668.

638.

648.

688.

758.

858.

949.

039.

089.

1411

.88

Min

imum

Dai

ly W

age

(GH

¢)3.

113.

733.

734.

484.

484.

484.

484.

484.

484.

484.

484.

484.

484.

48

Tab

le 2

8. N

atio

nal C

onsu

mer

Pri

ce In

dex

and

Infla

tion

Rat

es. M

onth

ly C

hang

es

by C

OIC

OP

grou

p (2

002

Aver

age

= 10

0)

STATISTICAL BULLETIN 39

2007 2008 2009 2010 2011* 2012**

AGRICULTURE 5,322.0 5,716.1 6,129.0 6,453.0 6,507.0 6,595.0

Crops 3,742.6 4,064.5 4,479.0 4,703.0 4,878.0 4,926.0

of which Cocoa 493.2 509.1 535.0 535.0 771.0 718.0

Livestock 457.8 481.1 502.0 526.0 552.0 580.0

Forestry and Logging 705.9 682.4 687.0 757.0 651.0 642.0

Fishing 415.8 488.0 460.0 467.0 427.0 447.0

INDUSTRY 3,929.6 4,521.9 4,725.0 5,053.0 7,157.0 7,659.0

Mining and Quarrying 531.6 544.4 581.0 690.0 2,116.0 2,221.0

of which Crude Oil 0 0 0 65.0 1,372.0 1,497.0

Manufacturing 1,801.3 1,868.0 1,844.0 1,984.0 2,321.0 2,437.0

Electricity 118.2 141.1 152.0 170.0 169.0 188.0

Water and Sewerage 227.0 228.9 246.0 259.0 267.0 272.0

Construction 1,251.6 1,739.5 1,902.0 1,949.0 2,285.0 2,541.0

SERVICES 9,358.3 10,106.0 10,667.0 11,714.0 12,813.0 14,125.0

Trade; Repair of Vehicles, Household Goods 1,202.6 1,316.9 1,388.0 1,573.0 1,746.0 1,847.0

Hotels and Restaurants 916.6 999.8 962.0 988.0 1,023.0 1,156.0

Transport and Storage 2,573.4 2,671.9 2,790.0 3,014.0 3,346.0 3,674.0

Information and Communication 502.8 600.9 624.0 777.0 909.0 1,122.0

Financial Intermediation 559.8 620.1 678.0 791.0 799.0 983.0

Business, Real Estate and Other Service Activities 944.0 943.0 945.0 1,076.0 1,227.0 1,388.0

Public Administration & Defence: Social Security 959.6 1,081.8 1,208.0 1,249.0 1,341.0 1,397.0

Education 720.5 814.3 915.0 963.0 1,000.0 1,067.0

Health and Social Work 259.3 270.8 312.0 347.0 364.0 393.0

Other Community, Social & Personal Service Activities 720.3 786.3 845.0 936.0 1,057.0 1,099.0

Gross Domestic Product at Basic Prices 18,609.9 20,343.9 21,521.0 23,220.0 26,477.0 28,378.0

Net Indirect Taxes 1,303.4 1,248.3 934.0 1,032.0 1,415.0 1,721.0

EQUALS : G.D.P. in Purchasers' Values 19,913.4 21,592.2 22,454.0 24,252.0 27,891.0 30,099.0

Table 29. Gross Domestic Product at 2006 Constant Prices(Millions of Ghana Cedis)

* 2011 finalsed on April 10th, 2013 ** 2012 revised on April 10th 2013 source: Ghana Statistical Service

STATISTICAL BULLETIN40

Table 30. Gross Domestic Product at Current Prices(Millions of Ghana Cedis)

* 2011 finalsed on April 10th, 2013 ** 2012 revised on April 10th 2013 source: Ghana Statistical Service

2007 2008 2009 2010 2011* 2012**

AGRICULTURE 6,320.0 8,875.0 11,343.0 12,910.0 14,155.0 15,399.0

Crops 4,409.0 6,435.0 8,425.0 9,422.0 10,650.0 11,477.0

of which Cocoa 581.0 706.0 874.0 1,392.0 1,996.0 2,044.0

Livestock 501.0 606.0 729.0 873.0 1,004.0 1,159.0

Forestry and Logging 910.0 1,072.0 1,314.0 1,614.0 1,549.0 1,705.0

Fishing 500.0 762.0 874.0 1,001.0 952.0 1,057.0

INDUSTRY 4,513.0 5,855.0 6,776.0 8,294.0 14,274.0 18,580.0

Mining and Quarrying 602.0 693.0 740.0 1,013.0 4,690.0 5,956.0

of which Crude Oil 0.0 0.0 0.0 178.0 3,746.0 4,645.0

Manufacturing 1,990.0 2,277.0 2,478.0 2,941.0 3,842.0 4,680.0

Electricity 130.0 155.0 167.0 266.0 280.0 329.0

Water and Sewerage 227.0 229.0 246.0 368.0 467.0 505.0

Construction 1,564.0 2,500.0 3,144.0 3,706.0 4,995.0 7,110.0

SERVICES 10,922.0 13,935.0 17,543.0 22,184.0 27,423.0 33,963.0

Trade; Repair of Vehicles, Household Goods 1,335.0 1,710.0 2,109.0 2,701.0 3,282.0 3,784.0

Hotels and Restaurants 1,210.0 1,716.0 2,196.0 2,593.0 3,007.0 3,611.0

Transport and Storage 2,849.0 3,262.0 3,758.0 4,578.0 5,997.0 7,704.0

Information and Communication 511.0 622.0 657.0 831.0 989.0 1,233.0

Financial Intermediation 739.0 1,089.0 1,547.0 2,240.0 2,466.0 3,385.0

Business, Real Estate and Other Service Activities 1,018.0 1,185.0 1,462.0 1,945.0 2,591.0 3,279.0

Public Administration & Defence: Social Security 1,289.0 1,799.0 2,479.0 3,024.0 3,897.0 4,871.0

Education 8,556.0 1,132.0 1,506.0 1,877.0 2,307.0 2,732.0

Health and Social Work 308.0 381.0 513.0 674.0 728.0 872.0

Other Community, Social & Personal Service Activities

807.0 1,039.0 1,318.0 1,722.0 2,159.0 2,492.0

Gross Domestic Product at Basic Prices 21,755.0 28,664.0 35,662.0 43,388.0 55,852.0 67,942.0

Net Indirect Taxes 1,400.0 1,514.0 936.0 2,654.0 3,964.0 5,167.0

EQUALS : G.D.P. in Purchasers' Values 23,154.0 30,179.0 36,598.0 46,042.0 59,816.0 73,109.0