Bank cost to income ratio in Ghana
Ghana: Bank cost to income ratio was 45.4% in 2021. ▼ Falling
Bank cost to income ratio in Ghana, 2005–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank cost to income ratio in Ghana stood at 45.4%.
The figure is down 5.4% on the previous year and down 26.4% over ten years.
Over the whole period, bank cost to income ratio in Ghana peaked at 63.4% in 2008 and was at its lowest, 43.9%, in 2005.
That places Ghana 135th 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.
Bank cost to income ratio in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 43.9% | — |
| 2006 | 52.4% | +19.5% |
| 2007 | 62.9% | +20.0% |
| 2008 | 63.4% | +0.8% |
| 2009 | 63.0% | -0.6% |
| 2010 | 57.4% | -8.9% |
| 2011 | 61.7% | +7.4% |
| 2012 | 52.9% | -14.2% |
| 2013 | 47.8% | -9.7% |
| 2014 | 47.6% | -0.3% |
| 2015 | 50.9% | +6.8% |
| 2016 | 52.6% | +3.3% |
| 2017 | 52.2% | -0.7% |
| 2018 | 52.7% | +0.9% |
| 2019 | 51.0% | -3.2% |
| 2020 | 48.1% | -5.8% |
| 2021 | 45.4% | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 57.1% | 43.9% | 63.4% | 5 |
| 2010s | 52.7% | 47.6% | 61.7% | 10 |
| 2020s | 46.8% | 45.4% | 48.1% | 2 |
Countries ranked near Ghana
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is bank cost to income ratio in Ghana?
- Bank cost to income ratio in Ghana was 45.4% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank cost to income ratio recorded in Ghana?
- The highest recorded value was 63.4% in 2008.
- What is the lowest bank cost to income ratio recorded in Ghana?
- The lowest recorded value was 43.9% in 2005.
- How does Ghana rank for bank cost to income ratio?
- Ghana ranks 135th out of 169 countries with data for 2021.
- Is bank cost to income ratio rising or falling in Ghana?
- Over the last ten years it is down 26.4%. 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 cost to income ratio (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. Data2090 / (data2080 + data2085). All Numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.