Appendix V. Baseline Data for Improved Financial Intermediation Monitoring

Indicator

Units

1995

1996

1997

CPI (consumer price index)

Inflation Rate

%

59.5

32.7

20.8

Exchange rates, average (cedis/$)

cedit/$

1,446*

1,637

2,050

Interest rate (bank rate)

%

41.5

45.0

Interest Rates (private banks)

%

38.5

47.0

Government spending as percent of GDP

%

20.2

23.2

21.9

Government Expenditures

  billion

1,732

2,410.5

Government Revenue

  billion

1,784

2,268.5

Surplus (Deficit)

  billion

52

(240.9)

Domestic Public Debt

  billion

1,183.6

Interest Payments on Domestic Debt

  billion

579.3

Interest as a Percent of Recurrent Exp.

%

31

Savings and Investment (private)

Foreign Direct Investment (FDI)**

US$ mil

150.3

192.8

258.4***

Money supply

Private sector loans (credit extended to)

Financial Intermediation (bank deposits)

Stock market; vol., prices, listings

* end of year for 1995; does not include petroleum or mining (60%):  *** Jan Mar for 1997

Sources: various

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