Claims on private sector in Ghana
Ghana: Claims on private sector was 8.2% in 2024. ◆ Volatile
Claims on private sector in Ghana, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
Ghana recorded 8.2% for claims on private sector in 2024.
Compared with earlier readings it is up 610.6% on the previous year and down 68.8% over ten years.
Over the whole period, claims on private sector in Ghana peaked at 32.4% in 2009 and was at its lowest, -14.4%, in 1973.
That places Ghana 46th 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.
Claims on private sector in Ghana, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1961 | 9.1% | — |
| 1962 | 3.9% | -56.9% |
| 1963 | 11.2% | +186.0% |
| 1964 | 1.2% | -89.2% |
| 1965 | 13.2% | +991.2% |
| 1966 | 1.1% | -91.4% |
| 1967 | -4.6% | -506.5% |
| 1968 | 10.5% | -327.5% |
| 1969 | 10.5% | +0.8% |
| 1970 | 0.5% | -94.9% |
| 1971 | 30.0% | +5452.2% |
| 1972 | -6.6% | -122.0% |
| 1973 | -14.4% | +117.6% |
| 1974 | 9.8% | -167.8% |
| 1975 | 4.1% | -58.2% |
| 1976 | 5.7% | +40.6% |
| 1977 | 9.2% | +60.3% |
| 1978 | 5.9% | -36.3% |
| 1979 | 1.1% | -81.2% |
| 1980 | 2.4% | +119.9% |
| 1981 | 5.1% | +108.6% |
| 1982 | 1.8% | -64.4% |
| 1983 | 8.6% | +379.5% |
| 1984 | 15.1% | +74.9% |
| 1985 | 14.7% | -2.8% |
| 1986 | 16.9% | +15.2% |
| 1987 | 7.2% | -57.4% |
| 1988 | 8.9% | +24.1% |
| 1989 | 32.1% | +259.7% |
| 1990 | 4.9% | -84.6% |
| 1991 | -2.2% | -143.9% |
| 1992 | 13.2% | -707.4% |
| 1993 | 8.5% | -35.5% |
| 1994 | 11.2% | +31.8% |
| 1995 | 10.2% | -8.4% |
| 1996 | 17.1% | +67.4% |
| 1997 | 20.4% | +18.8% |
| 1998 | 13.7% | -32.6% |
| 1999 | 24.4% | +78.0% |
| 2000 | 24.4% | -0.3% |
| 2001 | 9.6% | -60.8% |
| 2002 | 11.8% | +23.4% |
| 2003 | 14.0% | +18.5% |
| 2004 | 11.0% | -21.3% |
| 2005 | 17.6% | +59.9% |
| 2006 | 18.0% | +2.6% |
| 2007 | 29.4% | +63.0% |
| 2008 | 7.6% | -74.2% |
| 2009 | 32.4% | +326.9% |
| 2010 | 11.4% | -64.8% |
| 2011 | 19.2% | +68.0% |
| 2012 | 18.2% | -5.1% |
| 2013 | 23.7% | +30.4% |
| 2014 | 26.2% | +10.4% |
| 2015 | 17.9% | -31.6% |
| 2016 | 11.4% | -36.3% |
| 2017 | 7.0% | -38.9% |
| 2018 | 0.0% | -99.8% |
| 2019 | 9.5% | +58294.6% |
| 2020 | 1.6% | -83.4% |
| 2021 | 7.5% | +375.5% |
| 2022 | 14.6% | +93.8% |
| 2023 | 1.1% | -92.1% |
| 2024 | 8.2% | +610.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.2% | -4.6% | 13.2% | 9 |
| 1970s | 4.5% | -14.4% | 30.0% | 10 |
| 1980s | 11.3% | 1.8% | 32.1% | 10 |
| 1990s | 12.2% | -2.2% | 24.4% | 10 |
| 2000s | 17.6% | 7.6% | 32.4% | 10 |
| 2010s | 14.5% | 0.0% | 26.2% | 10 |
| 2020s | 6.6% | 1.1% | 14.6% | 5 |
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 claims on private sector in Ghana?
- Claims on private sector in Ghana was 8.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Ghana?
- The highest recorded value was 32.4% in 2009.
- What is the lowest claims on private sector recorded in Ghana?
- The lowest recorded value was -14.4% in 1973.
- How does Ghana rank for claims on private sector?
- Ghana ranks 46th out of 167 countries with data for 2024.
- Is claims on private sector rising or falling in Ghana?
- Over the last ten years it is down 68.8%. 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 Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.