Credit to government and state-owned enterprises to GDP in Ghana

Ghana: Credit to government and state-owned enterprises to GDP was 15.9% in 2020. ◆ Volatile

Latest (2020)
15.9%
Change on year
up 22.4%
World rank
66th
of 178 countries
All-time high
15.9%
in 2020
All-time low
0.3%
in 1994
Years of data
41
1980–2020

Credit to government and state-owned enterprises to GDP in Ghana, 1980–2020

0510151980200020201980: 1.8 %1981: 1.9 %1982: 2.1 %1983: 1.4 %1984: 0.842 %1985: 1.1 %1986: 0.828 %1987: 0.598 %1988: 0.47 %1989: 0.642 %1990: 0.556 %1991: 0.584 %1992: 1.1 %1993: 0.512 %1994: 0.253 %1995: 0.257 %1996: 0.52 %1997: 2.8 %1998: 4.3 %1999: 5.9 %2000: 6.6 %2001: 6.6 %2002: 6.1 %2003: 5.2 %2004: 5.4 %2005: 5 %2006: 5.6 %2007: 6.5 %2008: 6.2 %2009: 7.9 %2010: 8.6 %2011: 7.6 %2012: 7.9 %2013: 8.3 %2014: 8 %2015: 7.7 %2016: 8.1 %2017: 8.4 %2018: 12 %2019: 13 %2020: 15.9 %

Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.

Analysis

The most recent figure for credit to government and state-owned enterprises to gdp in Ghana is 15.9%, measured in 2020. That is the highest value across all 41 years on record.

The figure is up 22.4% on the previous year and up 85.0% over ten years.

Over the whole period, credit to government and state-owned enterprises to gdp in Ghana peaked at 15.9% in 2020 and was at its lowest, 0.3%, in 1994.

Ghana ranks 66th of 178 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Credit to government and state-owned enterprises to GDP in Ghana, year by year

Annual values for Credit to government and state-owned enterprises to GDP (%) in Ghana, 1980 to 2020.
Year % Change
1980 1.8%
1981 1.9% +2.7%
1982 2.1% +11.8%
1983 1.4% -32.5%
1984 0.8% -40.4%
1985 1.1% +27.2%
1986 0.8% -22.8%
1987 0.6% -27.8%
1988 0.5% -21.3%
1989 0.6% +36.5%
1990 0.6% -13.5%
1991 0.6% +5.1%
1992 1.1% +85.8%
1993 0.5% -52.8%
1994 0.3% -50.5%
1995 0.3% +1.2%
1996 0.5% +102.8%
1997 2.8% +432.9%
1998 4.3% +55.4%
1999 5.9% +36.6%
2000 6.6% +12.5%
2001 6.6% +0.1%
2002 6.1% -7.8%
2003 5.2% -14.6%
2004 5.4% +4.3%
2005 5.0% -8.0%
2006 5.6% +12.6%
2007 6.5% +14.5%
2008 6.2% -3.6%
2009 7.9% +26.3%
2010 8.6% +9.1%
2011 7.6% -11.6%
2012 7.9% +3.8%
2013 8.3% +5.7%
2014 8.0% -3.8%
2015 7.7% -3.5%
2016 8.1% +4.6%
2017 8.4% +3.4%
2018 12.0% +44.0%
2019 13.0% +7.9%
2020 15.9% +22.3%

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.2% 0.5% 2.1% 10
1990s 1.7% 0.3% 5.9% 10
2000s 6.1% 5.0% 7.9% 10
2010s 9.0% 7.6% 13.0% 10
2020s 15.9% 15.9% 15.9% 1

Countries ranked near Ghana

  1. 63 Kenya 16.5% compare
  2. 64 Ukraine 16.4% compare
  3. 65 Papua New Guinea 16.0% compare
  4. 67 Antigua and Barbuda 15.8% compare
  5. 68 Norway 15.5% compare
  6. 69 Suriname 15.4% compare

See the full ranking of 178 places →

More financial sector data for Ghana

All data for Ghana →

Frequently asked questions

What is credit to government and state-owned enterprises to gdp in Ghana?
Credit to government and state-owned enterprises to gdp in Ghana was 15.9% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
What is the highest credit to government and state-owned enterprises to gdp recorded in Ghana?
The highest recorded value was 15.9% in 2020.
What is the lowest credit to government and state-owned enterprises to gdp recorded in Ghana?
The lowest recorded value was 0.3% in 1994.
How does Ghana rank for credit to government and state-owned enterprises to gdp?
Ghana ranks 66th out of 178 countries with data for 2020.
Is credit to government and state-owned enterprises to gdp rising or falling in Ghana?
Over the last ten years it is up 85.0%. The long-run trend across the full record is volatile.
Where does this Ghana data come from?
The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Credit to government and state-owned enterprises to GDP (%). Statizoid updates them automatically from the source API.

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Credit to government and state-owned enterprises to GDP in Ghana. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 11 September 2026, from https://financial-sector.statizoid.com/stat/credit-to-government-and-state-owned-enterprises-to-gdp-percent/ghana/

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About this data

Indicator
Credit to government and state-owned enterprises to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
178 places, 6,137 data points, 1980–2020
Last refreshed

Raw data are from the electronic version of the IMF’s International Financial Statistics. (IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF).