Deposit money banks'' assets to GDP in Ghana
Ghana: Deposit money banks'' assets to GDP was 28.2% in 2021. ◆ Volatile
Deposit money banks'' assets to GDP in Ghana, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, deposit money banks'' assets to gdp in Ghana stood at 28.2%.
The figure is down 3.0% on the previous year and up 3.6% over ten years.
Over the whole period, deposit money banks'' assets to gdp in Ghana peaked at 29.6% in 2009 and was at its lowest, 2.6%, in 1962.
That places Ghana 144th out of 187 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit money banks'' assets to GDP in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 5.7% | — |
| 1961 | 11.7% | +105.0% |
| 1962 | 2.6% | -77.7% |
| 1963 | 5.1% | +95.4% |
| 1964 | 5.6% | +10.1% |
| 1965 | 5.4% | -3.6% |
| 1966 | 5.4% | -0.5% |
| 1967 | 6.0% | +11.6% |
| 1968 | 5.7% | -4.5% |
| 1969 | 5.8% | +2.1% |
| 1970 | 5.6% | -4.9% |
| 1971 | 6.0% | +8.5% |
| 1972 | 5.9% | -1.3% |
| 1973 | 5.2% | -11.8% |
| 1974 | 5.1% | -3.0% |
| 1975 | 5.2% | +1.5% |
| 1976 | 5.5% | +6.8% |
| 1977 | 4.8% | -12.0% |
| 1978 | 3.5% | -28.7% |
| 1979 | 3.2% | -7.7% |
| 1980 | 6.7% | +108.8% |
| 1981 | 6.2% | -6.5% |
| 1982 | 6.6% | +5.9% |
| 1983 | 4.8% | -26.8% |
| 1984 | 4.1% | -14.1% |
| 1985 | 5.7% | +37.8% |
| 1986 | 5.7% | -0.7% |
| 1987 | 4.6% | -18.6% |
| 1988 | 4.3% | -7.3% |
| 1989 | 7.4% | +73.1% |
| 1990 | 6.3% | -14.6% |
| 1991 | 5.1% | -19.0% |
| 1992 | 7.7% | +50.6% |
| 1993 | 6.0% | -22.6% |
| 1994 | 5.8% | -2.7% |
| 1995 | 5.7% | -2.9% |
| 1996 | 7.2% | +26.8% |
| 1997 | 14.5% | +103.0% |
| 1998 | 19.1% | +31.2% |
| 1999 | 25.9% | +36.0% |
| 2000 | 29.1% | +12.0% |
| 2001 | 28.2% | -2.9% |
| 2002 | 25.3% | -10.3% |
| 2003 | 24.1% | -4.6% |
| 2004 | 24.7% | +2.3% |
| 2005 | 27.2% | +10.3% |
| 2006 | 19.3% | -29.2% |
| 2007 | 23.3% | +20.7% |
| 2008 | 25.0% | +7.2% |
| 2009 | 29.6% | +18.6% |
| 2010 | 28.8% | -2.5% |
| 2011 | 27.3% | -5.5% |
| 2012 | 28.1% | +3.0% |
| 2013 | 23.3% | -16.9% |
| 2014 | 24.5% | +4.8% |
| 2015 | 25.6% | +4.5% |
| 2016 | 25.5% | -0.2% |
| 2017 | 24.5% | -4.1% |
| 2018 | 25.6% | +4.5% |
| 2019 | 26.7% | +4.4% |
| 2020 | 29.1% | +9.1% |
| 2021 | 28.2% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.9% | 2.6% | 11.7% | 10 |
| 1970s | 5.0% | 3.2% | 6.0% | 10 |
| 1980s | 5.6% | 4.1% | 7.4% | 10 |
| 1990s | 10.3% | 5.1% | 25.9% | 10 |
| 2000s | 25.6% | 19.3% | 29.6% | 10 |
| 2010s | 26.0% | 23.3% | 28.8% | 10 |
| 2020s | 28.7% | 28.2% | 29.1% | 2 |
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 deposit money banks'' assets to gdp in Ghana?
- Deposit money banks'' assets to gdp in Ghana was 28.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest deposit money banks'' assets to gdp recorded in Ghana?
- The highest recorded value was 29.6% in 2009.
- What is the lowest deposit money banks'' assets to gdp recorded in Ghana?
- The lowest recorded value was 2.6% in 1962.
- How does Ghana rank for deposit money banks'' assets to gdp?
- Ghana ranks 144th out of 187 countries with data for 2021.
- Is deposit money banks'' assets to gdp rising or falling in Ghana?
- Over the last ten years it is up 3.6%. 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 Deposit money banks'' assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is deposit money bank claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Deposit money bank assets (IFS lines 22, a-d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).