Real Effective Exchange Rate in Ghana
Ghana: Real Effective Exchange Rate was 67 in 2018. ▼ Falling
Real Effective Exchange Rate in Ghana, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2018, real effective exchange rate in Ghana stood at 67.
That represents a change of down 8.4% on the previous year and down 35.8% over ten years.
Over the whole period, real effective exchange rate in Ghana peaked at 110.02 in 2006 and was at its lowest, 64.63, in 2015.
That places Ghana 103rd out of 107 countries with data for 2018, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Real Effective Exchange Rate in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 95.26 | — |
| 2001 | 96.34 | +1.1% |
| 2002 | 95.93 | -0.4% |
| 2003 | 96.35 | +0.4% |
| 2004 | 95.1 | -1.3% |
| 2005 | 104.25 | +9.6% |
| 2006 | 110.02 | +5.5% |
| 2007 | 109.37 | -0.6% |
| 2008 | 104.31 | -4.6% |
| 2009 | 94.73 | -9.2% |
| 2010 | 100 | +5.6% |
| 2011 | 94.61 | -5.4% |
| 2012 | 85.05 | -10.1% |
| 2013 | 84.98 | -0.1% |
| 2014 | 66.43 | -21.8% |
| 2015 | 64.63 | -2.7% |
| 2016 | 74.18 | +14.8% |
| 2017 | 73.11 | -1.4% |
| 2018 | 67 | -8.4% |
Ghana compared with similar countries
- Ghana's 67 is below the median for lower middle income countries, which is 97.6, 69% of the median. (17 countries reporting)
- Ghana's 67 is below the median for Sub-Saharan Africa, which is 96.24, 70% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 100.17 | 94.73 | 110.02 | 10 |
| 2010s | 78.89 | 64.63 | 100 | 9 |
Countries ranked near Ghana
More reference data data for Ghana
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2805 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.69 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1989 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.69 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.9405 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.9478 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 8.22 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 12.64 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.08 (2050)
Frequently asked questions
- What is real effective exchange rate in Ghana?
- Real effective exchange rate in Ghana was 67 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Ghana?
- The highest recorded value was 110.02 in 2006.
- What is the lowest real effective exchange rate recorded in Ghana?
- The lowest recorded value was 64.63 in 2015.
- How does Ghana rank for real effective exchange rate?
- Ghana ranks 103rd out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in Ghana?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.