Broad money (% of GDP) in Ghana
Ghana: Broad money (% of GDP) was 28.9% in 2025. ▲ Rising
Broad money in Ghana, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, broad money in Ghana stood at 28.9%.
That represents a change of down 3.3% on the previous year and up 12.6% over ten years.
Over the whole period, broad money in Ghana peaked at 34.1% in 2002 and was at its lowest, 11.3%, in 1983.
That places Ghana 140th out of 167 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 66 years of available data.
Broad money (% of GDP) in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 18.4% | — |
| 1961 | 18.7% | +1.7% |
| 1962 | 20.3% | +8.5% |
| 1963 | 19.5% | -3.7% |
| 1964 | 23.9% | +22.0% |
| 1965 | 20.5% | -14.1% |
| 1966 | 20.8% | +1.3% |
| 1967 | 21.2% | +2.2% |
| 1968 | 20.7% | -2.5% |
| 1969 | 19.4% | -6.2% |
| 1970 | 18.9% | -2.6% |
| 1971 | 19.0% | +0.4% |
| 1972 | 23.7% | +24.9% |
| 1973 | 22.7% | -4.4% |
| 1974 | 21.6% | -4.8% |
| 1975 | 26.2% | +21.7% |
| 1976 | 29.1% | +11.0% |
| 1977 | 27.3% | -6.3% |
| 1978 | 24.5% | -10.4% |
| 1979 | 21.1% | -13.9% |
| 1980 | 18.6% | -11.9% |
| 1981 | 16.6% | -10.7% |
| 1982 | 17.2% | +3.6% |
| 1983 | 11.3% | -34.1% |
| 1984 | 11.8% | +4.5% |
| 1985 | 13.6% | +15.3% |
| 1986 | 13.5% | -0.8% |
| 1987 | 14.2% | +5.1% |
| 1988 | 14.7% | +3.8% |
| 1989 | 16.9% | +14.7% |
| 1990 | 14.1% | -16.4% |
| 1991 | 15.6% | +10.0% |
| 1992 | 20.5% | +31.9% |
| 1993 | 19.8% | -3.4% |
| 1994 | 22.5% | +13.5% |
| 1995 | 21.6% | -3.9% |
| 1996 | 20.6% | -4.8% |
| 1997 | 23.8% | +15.8% |
| 1998 | 22.9% | -4.1% |
| 1999 | 24.1% | +5.4% |
| 2000 | 28.2% | +16.9% |
| 2001 | 31.4% | +11.6% |
| 2002 | 34.1% | +8.5% |
| 2003 | 31.0% | -9.0% |
| 2004 | 32.7% | +5.4% |
| 2005 | 32.1% | -1.9% |
| 2006 | 22.8% | -29.1% |
| 2007 | 25.7% | +12.9% |
| 2008 | 27.5% | +6.8% |
| 2009 | 28.2% | +2.9% |
| 2010 | 29.6% | +4.9% |
| 2011 | 30.5% | +3.1% |
| 2012 | 30.4% | -0.6% |
| 2013 | 22.0% | -27.7% |
| 2014 | 23.6% | +7.7% |
| 2015 | 25.7% | +8.6% |
| 2016 | 26.3% | +2.4% |
| 2017 | 25.5% | -3.0% |
| 2018 | 25.1% | -1.4% |
| 2019 | 26.4% | +5.0% |
| 2020 | 30.8% | +16.8% |
| 2021 | 31.7% | +3.0% |
| 2022 | 31.5% | -0.8% |
| 2023 | 29.9% | -4.9% |
| 2024 | 29.9% | -0.2% |
| 2025 | 28.9% | -3.3% |
Ghana compared with similar countries
- Ghana's 28.9% is below the median for lower middle income countries, which is 42.3%, 68% of the median. (46 countries reporting)
- Ghana's 28.9% is below the median for Sub-Saharan Africa, which is 29.8%, 97% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.3% | 18.4% | 23.9% | 10 |
| 1970s | 23.4% | 18.9% | 29.1% | 10 |
| 1980s | 14.8% | 11.3% | 18.6% | 10 |
| 1990s | 20.6% | 14.1% | 24.1% | 10 |
| 2000s | 29.4% | 22.8% | 34.1% | 10 |
| 2010s | 26.5% | 22.0% | 30.5% | 10 |
| 2020s | 30.5% | 28.9% | 31.7% | 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 in Ghana?
- Broad money in Ghana was 28.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Ghana?
- The highest recorded value was 34.1% in 2002.
- What is the lowest broad money recorded in Ghana?
- The lowest recorded value was 11.3% in 1983.
- How does Ghana rank for broad money?
- Ghana ranks 140th out of 167 countries with data for 2025.
- Is broad money rising or falling in Ghana?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.