Borrowers from commercial banks in Ghana
Ghana: Borrowers from commercial banks 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 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% |
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
- 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 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.
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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.