Broad money in Ghana
Ghana: Broad money was 353.46 billion current LCU in 2024. ◆ Volatile
Latest (2024)
353.46 billion current LCU
Change on year
up 33.0%
World rank
104th
of 167 countries
All-time high
353.46 billion current LCU
in 2024
All-time low
15,990 current LCU
in 1960
Years of data
65
1960–2024
Broad money in Ghana, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, broad money in Ghana stood at 353.46 billion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 33.0% on the previous year and up 842.1% over ten years.
Over the whole period, broad money in Ghana peaked at 353.46 billion current LCU in 2024 and was at its lowest, 15,990 current LCU, in 1960.
That places Ghana 104th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 15,990 current LCU | — |
| 1961 | 17,400 current LCU | +8.8% |
| 1962 | 20,040 current LCU | +15.2% |
| 1963 | 21,500 current LCU | +7.3% |
| 1964 | 29,480 current LCU | +37.1% |
| 1965 | 30,050 current LCU | +1.9% |
| 1966 | 31,530 current LCU | +4.9% |
| 1967 | 31,919 current LCU | +1.2% |
| 1968 | 35,173 current LCU | +10.2% |
| 1969 | 38,847 current LCU | +10.4% |
| 1970 | 42,713 current LCU | +10.0% |
| 1971 | 47,465 current LCU | +11.1% |
| 1972 | 66,766 current LCU | +40.7% |
| 1973 | 79,351 current LCU | +18.8% |
| 1974 | 100,503 current LCU | +26.7% |
| 1975 | 138,611 current LCU | +37.9% |
| 1976 | 189,993 current LCU | +37.1% |
| 1977 | 304,565 current LCU | +60.3% |
| 1978 | 513,283 current LCU | +68.5% |
| 1979 | 594,211 current LCU | +15.8% |
| 1980 | 795,055 current LCU | +33.8% |
| 1981 | 1.20 million current LCU | +51.3% |
| 1982 | 1.48 million current LCU | +23.3% |
| 1983 | 2.08 million current LCU | +40.2% |
| 1984 | 3.20 million current LCU | +53.6% |
| 1985 | 4.67 million current LCU | +46.2% |
| 1986 | 6.91 million current LCU | +47.9% |
| 1987 | 10.60 million current LCU | +53.3% |
| 1988 | 15.50 million current LCU | +46.3% |
| 1989 | 23.98 million current LCU | +54.7% |
| 1990 | 27.16 million current LCU | +13.3% |
| 1991 | 37.78 million current LCU | +39.1% |
| 1992 | 57.53 million current LCU | +52.3% |
| 1993 | 76.80 million current LCU | +33.5% |
| 1994 | 117.18 million current LCU | +52.6% |
| 1995 | 167.77 million current LCU | +43.2% |
| 1996 | 233.53 million current LCU | +39.2% |
| 1997 | 336.49 million current LCU | +44.1% |
| 1998 | 395.34 million current LCU | +17.5% |
| 1999 | 495.83 million current LCU | +25.4% |
| 2000 | 764.78 million current LCU | +54.2% |
| 2001 | 1.20 billion current LCU | +56.5% |
| 2002 | 1.67 billion current LCU | +39.2% |
| 2003 | 2.05 billion current LCU | +23.2% |
| 2004 | 2.61 billion current LCU | +27.3% |
| 2005 | 3.12 billion current LCU | +19.5% |
| 2006 | 4.35 billion current LCU | +39.3% |
| 2007 | 5.95 billion current LCU | +36.8% |
| 2008 | 8.29 billion current LCU | +39.2% |
| 2009 | 10.34 billion current LCU | +24.7% |
| 2010 | 13.64 billion current LCU | +31.9% |
| 2011 | 18.27 billion current LCU | +34.0% |
| 2012 | 22.87 billion current LCU | +25.1% |
| 2013 | 27.33 billion current LCU | +19.5% |
| 2014 | 37.52 billion current LCU | +37.3% |
| 2015 | 47.11 billion current LCU | +25.6% |
| 2016 | 57.71 billion current LCU | +22.5% |
| 2017 | 66.98 billion current LCU | +16.1% |
| 2018 | 77.54 billion current LCU | +15.8% |
| 2019 | 94.10 billion current LCU | +21.4% |
| 2020 | 120.79 billion current LCU | +28.4% |
| 2021 | 146.52 billion current LCU | +21.3% |
| 2022 | 193.44 billion current LCU | +32.0% |
| 2023 | 265.81 billion current LCU | +37.4% |
| 2024 | 353.46 billion current LCU | +33.0% |
Ghana compared with similar countries
- Ghana's 353.46 billion current LCU is below the median for lower middle income countries, which is 698.63 billion current LCU, 51% of the median. (46 countries reporting)
- Ghana's 353.46 billion current LCU is below the median for Sub-Saharan Africa, which is 1.40 trillion current LCU, 25% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 27,193 current LCU | 15,990 current LCU | 38,847 current LCU | 10 |
| 1970s | 207,746 current LCU | 42,713 current LCU | 594,211 current LCU | 10 |
| 1980s | 7.04 million current LCU | 795,055 current LCU | 23.98 million current LCU | 10 |
| 1990s | 194.54 million current LCU | 27.16 million current LCU | 495.83 million current LCU | 10 |
| 2000s | 4.04 billion current LCU | 764.78 million current LCU | 10.34 billion current LCU | 10 |
| 2010s | 46.31 billion current LCU | 13.64 billion current LCU | 94.10 billion current LCU | 10 |
| 2020s | 216.00 billion current LCU | 120.79 billion current LCU | 353.46 billion current LCU | 5 |
Countries ranked near Ghana
- 101 Central African Republic 488.93 billion current LCU compare
- 102 New Zealand 447.88 billion current LCU compare
- 103 Kyrgyzstan 443.72 billion current LCU compare
- 105 Comoros 285.91 billion current LCU compare
- 106 Cape Verde 281.73 billion current LCU compare
- 107 Bolivia 257.74 billion current LCU compare
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 broad money in Ghana?
- Broad money in Ghana was 353.46 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Ghana?
- The highest recorded value was 353.46 billion current LCU in 2024.
- What is the lowest broad money recorded in Ghana?
- The lowest recorded value was 15,990 current LCU in 1960.
- How does Ghana rank for broad money?
- Ghana ranks 104th out of 167 countries with data for 2024.
- Is broad money rising or falling in Ghana?
- Over the last ten years it is up 842.1%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.