Broad money growth (annual %) in Ghana
Ghana: Broad money growth (annual %) was 17.3% in 2025. ◆ Volatile
Broad money growth in Ghana, 1961–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Ghana recorded 17.3% for broad money growth in 2025.
That represents a change of down 47.6% on the previous year and down 32.5% over ten years.
Over the whole period, broad money growth in Ghana peaked at 68.5% in 1978 and was at its lowest, 1.2%, in 1967.
Ghana ranks 33rd of 167 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Ghana, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 8.8% | — |
| 1962 | 15.2% | +72.1% |
| 1963 | 7.3% | -52.0% |
| 1964 | 37.1% | +409.5% |
| 1965 | 1.9% | -94.8% |
| 1966 | 4.9% | +154.7% |
| 1967 | 1.2% | -74.9% |
| 1968 | 10.2% | +726.3% |
| 1969 | 10.4% | +2.5% |
| 1970 | 10.0% | -4.7% |
| 1971 | 11.1% | +11.8% |
| 1972 | 40.7% | +265.5% |
| 1973 | 18.8% | -53.6% |
| 1974 | 26.7% | +41.4% |
| 1975 | 37.9% | +42.2% |
| 1976 | 37.1% | -2.2% |
| 1977 | 60.3% | +62.7% |
| 1978 | 68.5% | +13.6% |
| 1979 | 15.8% | -77.0% |
| 1980 | 33.8% | +114.4% |
| 1981 | 51.3% | +51.8% |
| 1982 | 23.3% | -54.5% |
| 1983 | 40.2% | +72.2% |
| 1984 | 53.6% | +33.4% |
| 1985 | 46.2% | -13.9% |
| 1986 | 47.9% | +3.8% |
| 1987 | 53.3% | +11.3% |
| 1988 | 46.3% | -13.2% |
| 1989 | 54.7% | +18.1% |
| 1990 | 13.3% | -75.7% |
| 1991 | 39.1% | +193.8% |
| 1992 | 52.3% | +33.8% |
| 1993 | 33.5% | -35.9% |
| 1994 | 52.6% | +56.9% |
| 1995 | 43.2% | -17.9% |
| 1996 | 39.2% | -9.2% |
| 1997 | 44.1% | +12.5% |
| 1998 | 17.5% | -60.3% |
| 1999 | 25.4% | +45.3% |
| 2000 | 54.2% | +113.4% |
| 2001 | 56.5% | +4.2% |
| 2002 | 39.2% | -30.6% |
| 2003 | 23.2% | -40.7% |
| 2004 | 27.3% | +17.4% |
| 2005 | 19.5% | -28.6% |
| 2006 | 39.3% | +102.1% |
| 2007 | 36.8% | -6.4% |
| 2008 | 39.2% | +6.4% |
| 2009 | 24.7% | -36.9% |
| 2010 | 31.9% | +29.0% |
| 2011 | 34.0% | +6.5% |
| 2012 | 25.1% | -26.1% |
| 2013 | 19.5% | -22.4% |
| 2014 | 37.3% | +91.2% |
| 2015 | 25.6% | -31.4% |
| 2016 | 22.5% | -12.0% |
| 2017 | 16.1% | -28.6% |
| 2018 | 15.8% | -1.9% |
| 2019 | 21.4% | +35.5% |
| 2020 | 28.4% | +32.8% |
| 2021 | 21.3% | -24.9% |
| 2022 | 32.0% | +50.3% |
| 2023 | 37.4% | +16.8% |
| 2024 | 33.0% | -11.9% |
| 2025 | 17.3% | -47.6% |
Ghana compared with similar countries
- Ghana's 17.3% is above the median for lower middle income countries, which is 12.4%, 1.4× the median. (46 countries reporting)
- Ghana's 17.3% is above the median for Sub-Saharan Africa, which is 12.5%, 1.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) 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 |
|---|---|---|---|
| 1968 | +726.3% | 1.2% | 10.2% |
| 1964 | +409.5% | 7.3% | 37.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.8% | 1.2% | 37.1% | 9 |
| 1970s | 32.7% | 10.0% | 68.5% | 10 |
| 1980s | 45.1% | 23.3% | 54.7% | 10 |
| 1990s | 36.0% | 13.3% | 52.6% | 10 |
| 2000s | 36.0% | 19.5% | 56.5% | 10 |
| 2010s | 24.9% | 15.8% | 37.3% | 10 |
| 2020s | 28.2% | 17.3% | 37.4% | 6 |
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 broad money growth in Ghana?
- Broad money growth in Ghana was 17.3% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Ghana?
- The highest recorded value was 68.5% in 1978.
- What is the lowest broad money growth recorded in Ghana?
- The lowest recorded value was 1.2% in 1967.
- How does Ghana rank for broad money growth?
- Ghana ranks 33rd out of 167 countries with data for 2025.
- Is broad money growth rising or falling in Ghana?
- Over the last ten years it is down 32.5%. 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 growth (annual %). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.