Ghana Real Effective Exchange Rate
1979 - 2025 | Monthly | 2005=100 | CEIC Data
Key information about Ghana Real Effective Exchange Rate
- Ghana Real Effective Exchange Rate (REER: 2005=100: Month Avg: Ghana) was 87.6 in Dec 2025, compared with the number of 88.4 in the previous month.
- Ghana Real Effective Exchange Rate data is updated monthly and averaged 4,723.6 from Dec 1979 to Dec 2025.
- The data reached an all-time high of 4,723.6 in Sep 1983 and a record low of 51.5 in Nov 2022.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about Ghana Real Effective Exchange Rate
- In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 14.7 % pa in Jun 2025.
- The cash rate (Policy Rate: Month End: Ghana) was set at 25.0 % pa in Nov 2025.
- Ghana Exchange Rate against USD averaged 11.3 (USD/GHS) in Dec 2025.
View Ghana's Real Effective Exchange Rate from Dec 1979 to Dec 2025 in the chart:
What was Ghana's Real Effective Exchange Rate in Dec 2025?
Ghana Real Effective Exchange Rate (REER: 2005=100: Month Avg: Ghana) was 87.6 in Dec 2025, compared with the number of 88.4 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 87.6 Dec 2025 | 88.4 Nov 2025 | 51.5 Nov 2022 | 4,723.6 Sep 1983 | 2005=100 | monthly | Dec 1979 - Dec 2025 |
Real Effective Exchange Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (2005=100) | 98.5 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Argentina (2005=100) | 58.6 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Armenia (2005=100) | 241.7 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Australia (2005=100) | 104.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Austria (2005=100) | 106.1 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Azerbaijan (2005=100) | 143.7 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Bahrain (2005=100) | 92.5 Dec 2025 | monthly | Jan 1980 - Dec 2025 |
| Bangladesh (2015-2016=100) | 99.5 2024 | yearly | 2011 - 2024 |
| Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
| Belgium (2005=100) | 105.3 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Bolivia (2005=100) | 48.8 Aug 2025 | monthly | Jan 1991 - Aug 2025 |
| Bosnia and Herzegovina (2005=100) | 98.4 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Botswana (Dec2018=100) | 95.1 Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Brazil (2005=100) | 89.3 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Bulgaria (2005=100) | 132.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Canada (2005=100) | 87.7 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Chile (2005=100) | 106.7 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| China (2005=100) | 131.9 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Colombia (2005=100) | 100.3 Dec 2025 | monthly | Jan 1990 - Dec 2025 |
| Croatia (2005=100) | 106.1 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Cyprus (2005=100) | 90.1 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Czech Republic (2005=100) | 149.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Denmark (2005=100) | 98.4 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 145.2 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| European Union (2005=100) | 94.7 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Finland (2005=100) | 94.1 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| France (2005=100) | 90.8 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Georgia (2005=100) | 127.9 Dec 2025 | monthly | Dec 1995 - Dec 2025 |
| Germany (2005=100) | 96.8 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Ghana (2005=100) | 87.6 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Greece (2005=100) | 95.9 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Hong Kong SAR, China (2005=100) | 106.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Hungary (2005=100) | 96.7 Nov 2025 | monthly | Jan 1990 - Nov 2025 |
| Iceland (2005=100) | 95.0 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| India (2005=100) | 104.7 Dec 2025 | monthly | Apr 2004 - Dec 2025 |
| Indonesia (2005=100) | 106.2 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Iran (2005=100) | 1,422.0 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| Ireland (2005=100) | 86.5 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Israel (2005=100) | 137.2 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Italy (2005=100) | 94.0 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Ivory Coast (2005=100) | 101.0 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Japan (2005=100) | 53.7 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Kazakhstan (2005=100) | 106.4 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
| South Korea (2005=100) | 75.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Kosovo (Jan2007=100) | 125.4 Dec 2025 | monthly | Dec 2006 - Dec 2025 |
| Kyrgyzstan (2005=100) | 138.9 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Latvia (2005=100) | 131.7 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Lithuania (2005=100) | 132.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Luxembourg (2005=100) | 100.0 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| North Macedonia (2005=100) | 113.7 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Malawi (2010=100) | 108.6 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Malaysia (2005=100) | 96.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Malta (2005=100) | 99.7 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Mexico (2005=100) | 97.1 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Moldova (2005=100) | 232.9 Dec 2025 | monthly | Nov 1993 - Dec 2025 |
| Mongolia (2005=100) | 126.8 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Morocco (2005=100) | 95.4 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Netherlands (2005=100) | 100.6 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| New Zealand (2005=100) | 93.0 Dec 2025 | monthly | Jan 1984 - Dec 2025 |
| Nigeria (2005=100) | 109.0 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Norway (2005=100) | 75.3 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Pakistan (2010=100) | 103.7 Dec 2025 | monthly | Jul 2001 - Dec 2025 |
| Paraguay (2005=100) | 61.6 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Peru (2005=100) | 85.6 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Philippines (2005=100) | 140.4 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Poland (2005=100) | 120.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Portugal (2005=100) | 94.6 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Romania (2005=100) | 121.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Russia (2005=100) | 116.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Saudi Arabia (2005=100) | 124.1 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Serbia (2005=100) | 146.7 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Singapore (2005=100) | 136.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Slovakia (2005=100) | 142.4 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Slovenia (2005=100) | 102.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| South Africa (2005=100) | 91.9 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Spain (2005=100) | 99.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Sri Lanka (2017=100) | 71.3 Dec 2025 | monthly | Jan 2013 - Dec 2025 |
| Sweden (2005=100) | 82.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Switzerland (2005=100) | 117.3 Jan 2026 | monthly | Jan 1973 - Jan 2026 |
| Taiwan, China (2005=100) | 92.5 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Thailand (2005=100) | 127.1 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Tunisia (2005=100) | 88.1 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| Turkey (2005=100) | 65.1 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Ukraine (2005=100) | 83.8 Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| United Arab Emirates (2005=100) | 121.3 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| United Kingdom (2005=100) | 88.9 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| United States (Jan2006=100) | 113.5 Jan 2026 | monthly | Jan 2006 - Jan 2026 |
| Uruguay (2005=100) | 44.6 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
| Zambia (2005=100) | 95.9 Aug 2025 | monthly | Jan 2013 - Aug 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doGhana Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.5 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Consolidated Fiscal Balance (USD mn) | -386.239 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue (USD mn) | 1,324.882 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue: % of GDP (%) | 15.1 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Government Debt: % of GDP (%) | 61.8 2024 | yearly | 2006 - 2024 |
| Forecast: Government Expenditure (GHS bn) | 515.173 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (GHS bn) | 1,249.811 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (GHS bn) | 449.164 2030 | yearly | 1982 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 3,890.0 Dec 2025 | monthly | Mar 2005 - Dec 2025 |
| Total Exports (USD mn) | 5,139.0 Dec 2025 | monthly | Jan 2010 - Dec 2025 |
| Total Exports Growth (%) | 225.0 Dec 2025 | monthly | Jan 2011 - Dec 2025 |
| Aluminum: Exports (USD th) | 89,599.170 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 14,051.656 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 627.649 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,249.0 Dec 2025 | monthly | Mar 2005 - Dec 2025 |
| Total Imports Growth (%) | -1.4 Dec 2025 | monthly | Mar 2006 - Dec 2025 |
| Imports: Medicament (USD th) | 219,248.874 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 133,353.690 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 16.738 Oct 2025 | monthly | Feb 1985 - Oct 2025 |
| Total Imports from USA (USD mn) | 111.440 Oct 2025 | monthly | Jun 1995 - Oct 2025 |
| Total Exports to China (USD mn) | 161.225 Oct 2025 | monthly | May 1995 - Oct 2025 |
| Total Imports from China (USD mn) | 399.766 Oct 2025 | monthly | Jun 1986 - Oct 2025 |
| Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -13.3 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Current Account Balance (USD mn) | 5,247.1 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Current Account Balance: % of GDP (%) | 0.8 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 554.1 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.8 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | -61.216 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.2 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -53.3 2024 | yearly | 1975 - 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -49.184 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| External Debt (USD mn) | 29,218.9 Sep 2025 | monthly | Jan 2012 - Sep 2025 |
| External Debt: % of GDP (%) | 34.4 2024 | yearly | 1999 - 2024 |
| Forecast: Current Account Balance (USD bn) | -0.103 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -27,118.991 2024 | yearly | 2006 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 18.9 Dec 2025 | monthly | Dec 2005 - Dec 2025 |
| Non-Performing Loans (USD mn) | 2,008.748 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Money Supply M1 (USD mn) | 14,789.477 Sep 2025 | quarterly | Mar 1990 - Sep 2025 |
| Money Supply M2 (USD mn) | 25,721.726 Jun 2025 | quarterly | Mar 1990 - Jun 2025 |
| M2 Growth (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Foreign Exchange Reserves (USD mn) | 5,361.8 Oct 2025 | monthly | Jan 1965 - Oct 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 5.520 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.0 Oct 2025 | monthly | Mar 2005 - Oct 2025 |
| Gold Reserves (Metric Ton) | 1,000.000 2025 | yearly | 2008 - 2025 |
| Total Deposits (USD mn) | 30,675.753 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Total Deposits Growth (%) | 8.5 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Domestic Credit (USD mn) | 22,480.6 May 2025 | monthly | Jan 1967 - May 2025 |
| Domestic Credit Growth (%) | -9.1 May 2025 | monthly | Jan 1968 - May 2025 |
| Total Loans (USD mn) | 10,619.399 Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Total Loans Growth (%) | 16.15 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 6.78 Mar 2025 | quarterly | Dec 2006 - Mar 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 11.5 Dec 2025 | monthly | Dec 2013 - Dec 2025 |
More Indicators for Ghana
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