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 169 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.
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
- Domestic credit to private sector by banks 8.2% (2024)
- Total reserves in months of imports 1.64 (2024)
- Net domestic credit 269.34 billion current LCU (2024)
- Net foreign assets 60.01 billion current LCU (2024)
- Monetary Sector credit to private sector 8.9% (2024)
- Broad money 29.9% (2024)
- Claims on central government, etc. 12.8% (2024)
- Domestic credit to private sector 8.9% (2024)
- Official exchange rate 12.56 LCU per US$, period average (2025)
- Net migration -17,079 (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 169 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.