Ghana - Balance of payments
The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Ghana's exports was $1.94 billion while imports totaled $2.83 billion resulting in a trade deficit of $890 million.
The International Monetary Fund (IMF) reports that in 2000 Ghana had exports of goods totaling $1.9 billion and imports totaling $2.74 billion. The services credit totaled $504 million and debit $597 million. The following table summarizes Ghana's balance of payments as reported by the IMF for 2000 in millions of US dollars.
| Current Account | -413 |
| Balance on goods | -843 |
| Balance on services | -93 |
| Balance on income | -108 |
| Current transfers | 631 |
| Capital Account | -1 |
| Financial Account | 266 |
| Direct investment abroad | … |
| Direct investment in Ghana | 110 |
| Portfolio investment assets | … |
| Portfolio investment liabilities | … |
| Other investment assets | 41 |
| Other investment liabilities | 115 |
| Net Errors and Omissions | -112 |
| Reserves and Related Items | 259 |
Also read article about Ghana from Wikipedia
User Contributions:
1
masinde
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Given that Ghana is now relatively politically stable, the country must put mechanisms to ensure that it achieves a favorable balance of payment. a negative balance of payment has hampered development for a long time and is likely to wash away all economic gains attained so far from a democratic regime.
2
Kassim Alhassan
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Please,i want to know the relationship between current account and capital account as at 2ooo
3
abderamane mahamat
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hi,i just want know the avantages and desavantages in short term