Ghana - Customs and other import duties (current LCU)

The value for Customs and other import duties (current LCU) in Ghana was 5,410,014,000 as of 2019. As the graph below shows, over the past 29 years this indicator reached a maximum value of 5,410,014,000 in 2019 and a minimum value of 6,314,100 in 1990.

Definition: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1990 6,314,100
1991 7,925,400
1992 8,658,200
1993 13,265,300
2001 105,990,200
2002 131,599,100
2003 236,718,500
2004 282,305,600
2005 347,930,700
2006 416,979,400
2007 773,830,900
2008 1,155,052,000
2009 1,064,368,000
2010 1,437,915,000
2011 2,145,535,000
2012 1,886,910,000
2013 2,230,964,000
2016 4,121,915,000
2019 5,410,014,000

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance