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Ghana's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

Ghana's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

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TGM StatBox. (2024). Ghana's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029). TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2023
Country: Ghana
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
Ghana's fiscal performance reveals challenges in balancing growth and fiscal stability. The 1990s and 2000s saw persistent deficits averaging -5%, driven by public investments. The mid-2010s marked a deterioration, with deficits peaking at -17.4% in 2020 due to the pandemic's economic impact.

Recent recovery efforts reduced deficits to -4.6% by 2023, with stabilization expected around -3.4% by 2029. Continued reforms, including debt restructuring and improved revenue collection, are critical to sustaining fiscal health.

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