Broad money to total reserves ratio in Ghana
Ghana: Broad money to total reserves ratio was 5.57 in 2024. β Volatile
Broad money to total reserves ratio in Ghana, 1960β2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, broad money to total reserves ratio in Ghana stood at 5.57.
Compared with earlier readings it is down 16.4% on the previous year and up 139.5% over ten years.
Over the whole period, broad money to total reserves ratio in Ghana peaked at 10.65 in 1971 and was at its lowest, 0.8059, in 1960.
Ghana ranks 37th of 158 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.04 | 0.8059 | 5.3 | 10 |
| 1970s | 5.67 | 2.11 | 10.65 | 10 |
| 1980s | 1.91 | 1.11 | 2.61 | 10 |
| 1990s | 2.47 | 1.53 | 3.74 | 10 |
| 2000s | 2.83 | 1.61 | 4.54 | 10 |
| 2010s | 2.28 | 1.85 | 2.68 | 10 |
| 2020s | 4.39 | 2.54 | 6.66 | 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 broad money to total reserves ratio in Ghana?
- Broad money to total reserves ratio in Ghana was 5.57 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Ghana?
- The highest recorded value was 10.65 in 1971.
- What is the lowest broad money to total reserves ratio recorded in Ghana?
- The lowest recorded value was 0.8059 in 1960.
- How does Ghana rank for broad money to total reserves ratio?
- Ghana ranks 37th out of 158 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Ghana?
- Over the last ten years it is up 139.5%. 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (aΓ·b).