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Ghana

Ghana Currency Stats

Definitions

  • CPIA macroeconomic management rating > 1=low to 6=high: CPIA macroeconomic management rating (1=low to 6=high). Macroeconomic management assesses the monetary, exchange rate, and aggregate demand policy framework.
  • CPIA macroeconomic management rating > 1=low to 6=high per million: CPIA macroeconomic management rating (1=low to 6=high). Macroeconomic management assesses the monetary, exchange rate, and aggregate demand policy framework. Figures expressed per million population for the same year.
  • DEC alternative conversion factor > LCU per US$: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
  • GDP > Constant 2000 US$: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Constant 2000 US$ per capita: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Monetary unit: Country currency.
  • Official exchange rate > LCU per US$ > Period average: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • Official exchange rate > LCU per US$, period average: Official exchange rate (LCU per US$, period average). Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • PPP conversion factor > GDP to market exchange rate ratio: PPP conversion factor (GDP) to market exchange rate ratio. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
  • PPP conversion factor to official exchange rate ratio: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
  • Real effective exchange rate index: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
    2000 = 100
  • Real effective exchange rate index > 2005 = 100: Real effective exchange rate index (2005 = 100). Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
  • SandP/EMDB indexes > Annual % change: S&P;/EMDB indexes measure the U.S. dollar price change in the stock markets covered by the S&P;/IFCI and S&P;/IFCG country indexes.
  • Terms of trade since 1995: Net barter terms of trade (1995 = 100). Net barter terms of trade are the ratio of the export price index to the corresponding import price index measured relative to the base year 1995.
STAT AMOUNT DATE RANK HISTORY
CPIA macroeconomic management rating > 1=low to 6=high 3.5 2012 45th out of 80
CPIA macroeconomic management rating > 1=low to 6=high per million 0.138 2012 66th out of 80
DEC alternative conversion factor > LCU per US$ 9072.54 2005
GDP > Constant 2000 US$ $18.37 billion 2012 92nd out of 181
GDP > Constant 2000 US$ per capita $724.35 2012 148th out of 181
Monetary unit Cedi 2013
Official exchange rate > LCU per US$ > Period average 9072.54 2005
Official exchange rate > LCU per US$, period average $1.80 2012 135th out of 167
PPP conversion factor > GDP to market exchange rate ratio 0.797 2012 44th out of 170
PPP conversion factor to official exchange rate ratio 0.2 2005 147th out of 157
Real effective exchange rate index 109.5% 2005 35th out of 94
Real effective exchange rate index > 2005 = 100 86.8 2012 90th out of 93
SandP/EMDB indexes > Annual % change 9.72 annual % change 2006 41st out of 58
Terms of trade since 1995 94.22 1995 73th out of 117

SOURCES: World Bank Group, CPIA database (http://www.worldbank.org/ida).; World Bank Group, CPIA database (http://www.worldbank.org/ida). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; British Broadcasting Corporation 2014; International Monetary Fund, International Financial Statistics. World Bank World Development Indicators.; World Bank, International Comparison Program database.; The World Bank Group

Citation

"Ghana Currency Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Ghana/Economy/Currency

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