Bank deposits to GDP (%) in Ghana
Ghana: Bank deposits to GDP (%) was 23.9% in 2021. ◆ Volatile
Bank deposits to GDP in Ghana, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Ghana recorded 23.9% for bank deposits to gdp in 2021.
The figure is down 12.2% on the previous year and down 10.8% over ten years.
Over the whole period, bank deposits to gdp in Ghana peaked at 27.3% in 2020 and was at its lowest, 2.7%, in 1962.
Ghana ranks 156th of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP (%) in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 8.4% | — |
| 1961 | 9.3% | +11.2% |
| 1962 | 2.7% | -70.9% |
| 1963 | 4.5% | +66.8% |
| 1964 | 5.4% | +18.3% |
| 1965 | 4.7% | -11.5% |
| 1966 | 4.6% | -3.9% |
| 1967 | 5.2% | +13.2% |
| 1968 | 5.1% | -1.2% |
| 1969 | 4.7% | -7.9% |
| 1970 | 4.9% | +4.6% |
| 1971 | 5.1% | +3.7% |
| 1972 | 6.2% | +21.2% |
| 1973 | 6.1% | -1.8% |
| 1974 | 5.5% | -9.5% |
| 1975 | 6.7% | +22.6% |
| 1976 | 7.0% | +3.8% |
| 1977 | 6.5% | -7.4% |
| 1978 | 5.4% | -16.1% |
| 1979 | 4.5% | -16.5% |
| 1980 | 9.2% | +103.7% |
| 1981 | 8.2% | -11.6% |
| 1982 | 8.9% | +8.9% |
| 1983 | 5.2% | -41.5% |
| 1984 | 5.1% | -1.2% |
| 1985 | 6.3% | +22.9% |
| 1986 | 6.2% | -1.8% |
| 1987 | 6.3% | +1.6% |
| 1988 | 6.2% | -1.2% |
| 1989 | 10.3% | +66.2% |
| 1990 | 9.2% | -11.4% |
| 1991 | 11.3% | +23.3% |
| 1992 | 13.9% | +23.1% |
| 1993 | 14.0% | +0.7% |
| 1994 | 15.4% | +9.7% |
| 1995 | 14.5% | -5.6% |
| 1996 | 14.1% | -2.5% |
| 1997 | 16.8% | +19.1% |
| 1998 | 16.0% | -4.6% |
| 1999 | 15.7% | -2.4% |
| 2000 | 16.4% | +4.6% |
| 2001 | 18.2% | +11.1% |
| 2002 | 21.0% | +15.1% |
| 2003 | 20.5% | -2.3% |
| 2004 | 22.0% | +7.2% |
| 2005 | 20.4% | -7.1% |
| 2006 | 15.8% | -22.4% |
| 2007 | 19.8% | +25.2% |
| 2008 | 22.6% | +14.1% |
| 2009 | 24.9% | +10.0% |
| 2010 | 25.8% | +3.6% |
| 2011 | 26.8% | +3.9% |
| 2012 | 26.6% | -0.8% |
| 2013 | 20.2% | -24.1% |
| 2014 | 22.2% | +9.8% |
| 2015 | 24.3% | +9.6% |
| 2016 | 25.3% | +3.9% |
| 2017 | 24.9% | -1.5% |
| 2018 | 24.3% | -2.2% |
| 2019 | 24.3% | -0.0% |
| 2020 | 27.3% | +12.0% |
| 2021 | 23.9% | -12.2% |
Ghana compared with similar countries
- Ghana's 23.9% is below the median for lower middle income countries, which is 33.0%, 73% of the median. (46 countries reporting)
- Ghana's 23.9% is above the median for Sub-Saharan Africa, which is 23.8%, 1.0× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Bank deposits to GDP (%) in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +103.7% | 4.5% | 9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.5% | 2.7% | 9.3% | 10 |
| 1970s | 5.8% | 4.5% | 7.0% | 10 |
| 1980s | 7.2% | 5.1% | 10.3% | 10 |
| 1990s | 14.1% | 9.2% | 16.8% | 10 |
| 2000s | 20.2% | 15.8% | 24.9% | 10 |
| 2010s | 24.5% | 20.2% | 26.8% | 10 |
| 2020s | 25.6% | 23.9% | 27.3% | 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 deposits to gdp in Ghana?
- Bank deposits to gdp in Ghana was 23.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Ghana?
- The highest recorded value was 27.3% in 2020.
- What is the lowest bank deposits to gdp recorded in Ghana?
- The lowest recorded value was 2.7% in 1962.
- How does Ghana rank for bank deposits to gdp?
- Ghana ranks 156th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Ghana?
- Over the last ten years it is down 10.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).