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Balance of Payments and International FDI Position in Ghana: FY2019/20

Balance of Payments and International FDI Position in Ghana: FY2019/20

Balance of Payments and International FDI Position in Ghana: FY2019/20
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  • Last Updated Apr 22, 2020

Balance of Payments and International FDI Position in Ghana: FY2019/20

Ghanaian merchandise export earnings have been growing consistently since 2017. The faster export earnings growth has improved Ghana’s current account balance. However, the balance of payments deteriorated to a deficit in 2018 but gross official reserves increased slightly despite the volatility of the capital and financial account balance. These capital flows have been adverse for Ghana’s balance of payments but improved the country’s net international foreign direct investment (FDI) position. Nonetheless, Ghana’s balance of payments is projected to recover to surplus from 2019 onwards, which is projected to support growth of gross official reserves in the medium-term.

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