Bank concentration in Ghana
Ghana: Bank concentration was 32.8% in 2021. ▼ Falling
Bank concentration in Ghana, 2005–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank concentration in Ghana stood at 32.8%.
The figure is up 0.4% on the previous year and down 18.0% over ten years.
Over the whole period, bank concentration in Ghana peaked at 99.7% in 2005 and was at its lowest, 29.1%, in 2016.
That places Ghana 166th out of 170 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Bank concentration in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 99.7% | — |
| 2006 | 88.3% | -11.5% |
| 2007 | 61.7% | -30.1% |
| 2008 | 53.9% | -12.7% |
| 2009 | 50.1% | -7.1% |
| 2010 | 41.9% | -16.3% |
| 2011 | 40.1% | -4.4% |
| 2012 | 39.1% | -2.5% |
| 2013 | 35.8% | -8.4% |
| 2014 | 32.5% | -9.1% |
| 2015 | 29.3% | -9.9% |
| 2016 | 29.1% | -0.7% |
| 2017 | 34.7% | +19.3% |
| 2018 | 32.4% | -6.7% |
| 2019 | 31.7% | -2.2% |
| 2020 | 32.7% | +3.2% |
| 2021 | 32.8% | +0.4% |
Ghana compared with similar countries
- Ghana's 32.8% is below the median for lower middle income countries, which is 68.4%, 48% of the median. (38 countries reporting)
- Ghana's 32.8% is below the median for Sub-Saharan Africa, which is 77.1%, 43% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 70.7% | 50.1% | 99.7% | 5 |
| 2010s | 34.7% | 29.1% | 41.9% | 10 |
| 2020s | 32.8% | 32.7% | 32.8% | 2 |
Countries ranked near Ghana
More financial sector data for Ghana
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank concentration in Ghana?
- Bank concentration in Ghana was 32.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Ghana?
- The highest recorded value was 99.7% in 2005.
- What is the lowest bank concentration recorded in Ghana?
- The lowest recorded value was 29.1% in 2016.
- How does Ghana rank for bank concentration?
- Ghana ranks 166th out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Ghana?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.