Borrowers from commercial banks (per 1,000 adults) in Ghana
Ghana: Borrowers from commercial banks (per 1,000 adults) was 185.64 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Ghana, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Ghana recorded 185.64 per 1,000 adults for borrowers from commercial banks in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 119.4% on the previous year and up 294.2% over ten years.
Over the whole period, borrowers from commercial banks in Ghana peaked at 185.64 per 1,000 adults in 2024 and was at its lowest, 19.47 per 1,000 adults, in 2005.
Ghana ranks 59th of 113 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks (per 1,000 adults) in Ghana, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 27.9 per 1,000 adults | — |
| 2005 | 19.47 per 1,000 adults | -30.2% |
| 2006 | 23.34 per 1,000 adults | +19.9% |
| 2007 | 23.8 per 1,000 adults | +2.0% |
| 2008 | 37.9 per 1,000 adults | +59.3% |
| 2009 | 34.13 per 1,000 adults | -10.0% |
| 2010 | 35.65 per 1,000 adults | +4.4% |
| 2011 | 35.88 per 1,000 adults | +0.7% |
| 2014 | 47.09 per 1,000 adults | +31.2% |
| 2015 | 48.23 per 1,000 adults | +2.4% |
| 2016 | 45.2 per 1,000 adults | -6.3% |
| 2017 | 49.91 per 1,000 adults | +10.4% |
| 2018 | 42.22 per 1,000 adults | -15.4% |
| 2019 | 39.85 per 1,000 adults | -5.6% |
| 2020 | 42.27 per 1,000 adults | +6.1% |
| 2021 | 54.77 per 1,000 adults | +29.6% |
| 2022 | 74.75 per 1,000 adults | +36.5% |
| 2023 | 84.63 per 1,000 adults | +13.2% |
| 2024 | 185.64 per 1,000 adults | +119.4% |
Ghana compared with similar countries
- Ghana's 185.64 per 1,000 adults is above the median for lower middle income countries, which is 58.55 per 1,000 adults, 3.2× the median. (35 countries reporting)
- Ghana's 185.64 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 3.3× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.76 per 1,000 adults | 19.47 per 1,000 adults | 37.9 per 1,000 adults | 6 |
| 2010s | 43.01 per 1,000 adults | 35.65 per 1,000 adults | 49.91 per 1,000 adults | 8 |
| 2020s | 88.41 per 1,000 adults | 42.27 per 1,000 adults | 185.64 per 1,000 adults | 5 |
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 borrowers from commercial banks in Ghana?
- Borrowers from commercial banks in Ghana was 185.64 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Ghana?
- The highest recorded value was 185.64 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Ghana?
- The lowest recorded value was 19.47 per 1,000 adults in 2005.
- How does Ghana rank for borrowers from commercial banks?
- Ghana ranks 59th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Ghana?
- Over the last ten years it is up 294.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.