World Uncertainty Index for Ghana
WUIGHA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
N/A%
Date Range
1/1/1957 - 4/1/2025
Summary
The World Uncertainty Index (WUI) for Ghana measures global economic policy uncertainty and its impact on the Ghanaian economy. It is a key indicator used by economists and policymakers to assess risks and volatility.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The WUI for Ghana tracks global uncertainty and its transmission to the Ghanaian economy. It is calculated based on the frequency of the word 'uncertainty' in Economist Intelligence Unit country reports, providing a real-time gauge of economic stability.
Methodology
The data is calculated by the Stanford Institute for Economic Policy Research based on analysis of Economist Intelligence Unit reports.
Historical Context
The WUI for Ghana is used by the Bank of Ghana and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The WUI for Ghana reached an all-time high in 2020 due to the COVID-19 pandemic.
- Ghana's WUI score is highly correlated with changes in commodity prices and foreign investment flows.
- Periods of high uncertainty in the WUI for Ghana are linked to slower GDP growth and higher unemployment.
FAQs
Q: What does the World Uncertainty Index for Ghana measure?
A: The WUI for Ghana tracks global economic policy uncertainty and its impact on the Ghanaian economy. It provides a real-time gauge of economic stability and risk.
Q: Why is the WUI for Ghana relevant for users or analysts?
A: The WUI is a crucial indicator used by economists, policymakers, and investors to assess risks and volatility in the Ghanaian economy.
Q: How is the WUI for Ghana data collected or calculated?
A: The data is calculated by the Stanford Institute for Economic Policy Research based on analysis of Economist Intelligence Unit country reports.
Q: How is the WUI for Ghana used in economic policy?
A: The Bank of Ghana and other institutions use the WUI to inform monetary and fiscal policy decisions in response to global uncertainty and its impact on the Ghanaian economy.
Q: Are there any update delays or limitations for the WUI for Ghana?
A: The WUI for Ghana data is published in a timely manner, with minimal delays, providing a real-time indicator of economic uncertainty.
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Citation
U.S. Federal Reserve, World Uncertainty Index for Ghana (WUIGHA), retrieved from FRED.