×
Ghana

Ghana Exchange rates and prices Stats

Definitions

  • GDP deflator > Base year varies by country: The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.
  • Inflation > Consumer prices > Annual %: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used."
  • Inflation > GDP deflator > Annual %: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local 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).
  • 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.
STAT AMOUNT DATE RANK HISTORY
GDP deflator > Base year varies by country 163.15 2009 89th out of 162
Inflation > Consumer prices > Annual % 19.25% 2009 3rd out of 161
Inflation > GDP deflator > Annual % 16.73% 2009 9th out of 163
Official exchange rate > LCU per US$ > Period average $1.06 2008 145th out of 172
Real effective exchange rate index > 2005 = 100 93.94 2009 83th out of 91

SOURCES: World Bank national accounts data, and OECD National Accounts data files.; International Monetary Fund, International Financial Statistics and data files.; International Monetary Fund, International Financial Statistics.

Citation