Bank credit to bank deposits in Ghana
Ghana: Bank credit to bank deposits was 42.9% in 2021. ▲ Rising
Bank credit to bank deposits in Ghana, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank credit to bank deposits in Ghana is 42.9%, measured in 2021.
That represents a change of down 4.1% on the previous year and down 30.4% over ten years.
Over the whole period, bank credit to bank deposits in Ghana peaked at 100.6% in 1971 and was at its lowest, 20.3%, in 1982.
That places Ghana 166th out of 186 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Bank credit to bank deposits in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 54.4% | — |
| 1961 | 62.4% | +14.7% |
| 1962 | 58.5% | -6.1% |
| 1963 | 71.3% | +21.9% |
| 1964 | 53.6% | -24.8% |
| 1965 | 68.7% | +28.1% |
| 1966 | 64.8% | -5.7% |
| 1967 | 57.2% | -11.7% |
| 1968 | 65.2% | +14.0% |
| 1969 | 78.0% | +19.6% |
| 1970 | 68.5% | -12.1% |
| 1971 | 100.6% | +46.8% |
| 1972 | 66.6% | -33.7% |
| 1973 | 35.9% | -46.1% |
| 1974 | 42.1% | +17.3% |
| 1975 | 35.0% | -16.9% |
| 1976 | 33.4% | -4.7% |
| 1977 | 31.6% | -5.3% |
| 1978 | 26.5% | -16.4% |
| 1979 | 25.4% | -4.1% |
| 1980 | 23.8% | -6.4% |
| 1981 | 22.6% | -4.7% |
| 1982 | 20.3% | -10.4% |
| 1983 | 29.7% | +46.3% |
| 1984 | 43.0% | +45.0% |
| 1985 | 49.3% | +14.5% |
| 1986 | 58.5% | +18.9% |
| 1987 | 50.1% | -14.4% |
| 1988 | 50.5% | +0.7% |
| 1989 | 56.5% | +12.0% |
| 1990 | 53.8% | -4.8% |
| 1991 | 32.4% | -39.8% |
| 1992 | 35.6% | +9.8% |
| 1993 | 34.6% | -2.8% |
| 1994 | 34.2% | -1.1% |
| 1995 | 35.0% | +2.4% |
| 1996 | 42.5% | +21.4% |
| 1997 | 48.7% | +14.6% |
| 1998 | 57.4% | +17.7% |
| 1999 | 79.2% | +38.0% |
| 2000 | 84.3% | +6.4% |
| 2001 | 64.3% | -23.7% |
| 2002 | 56.7% | -11.8% |
| 2003 | 57.2% | +0.9% |
| 2004 | 59.0% | +3.1% |
| 2005 | 75.6% | +28.1% |
| 2006 | 69.6% | -8.0% |
| 2007 | 72.7% | +4.5% |
| 2008 | 55.5% | -23.7% |
| 2009 | 70.7% | +27.5% |
| 2010 | 61.8% | -12.6% |
| 2011 | 61.6% | -0.3% |
| 2012 | 64.5% | +4.7% |
| 2013 | 72.4% | +12.3% |
| 2014 | 72.4% | -0.1% |
| 2015 | 71.6% | -1.1% |
| 2016 | 67.5% | -5.7% |
| 2017 | 62.9% | -6.8% |
| 2018 | 54.4% | -13.4% |
| 2019 | 55.2% | +1.4% |
| 2020 | 44.7% | -18.9% |
| 2021 | 42.9% | -4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 63.4% | 53.6% | 78.0% | 10 |
| 1970s | 46.6% | 25.4% | 100.6% | 10 |
| 1980s | 40.4% | 20.3% | 58.5% | 10 |
| 1990s | 45.3% | 32.4% | 79.2% | 10 |
| 2000s | 66.6% | 55.5% | 84.3% | 10 |
| 2010s | 64.4% | 54.4% | 72.4% | 10 |
| 2020s | 43.8% | 42.9% | 44.7% | 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 credit to bank deposits in Ghana?
- Bank credit to bank deposits in Ghana was 42.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Ghana?
- The highest recorded value was 100.6% in 1971.
- What is the lowest bank credit to bank deposits recorded in Ghana?
- The lowest recorded value was 20.3% in 1982.
- How does Ghana rank for bank credit to bank deposits?
- Ghana ranks 166th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Ghana?
- Over the last ten years it is down 30.4%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).