Financial Development Index in Ghana
Ghana: Financial Development Index was 0.1695 in 2020. β² Rising
Financial Development Index in Ghana, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Ghana is 0.1695, measured in 2020.
That represents a change of down 2.9% on the previous year and up 39.5% over ten years.
Over the whole period, financial development index in Ghana peaked at 0.1746 in 2019 and was at its lowest, 0.0716, in 1983.
That places Ghana 126th out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0973 | 0.0716 | 0.14 | 10 |
| 1990s | 0.1078 | 0.0942 | 0.1274 | 10 |
| 2000s | 0.1175 | 0.1053 | 0.1369 | 10 |
| 2010s | 0.1537 | 0.1215 | 0.1746 | 10 |
| 2020s | 0.1695 | 0.1695 | 0.1695 | 1 |
Countries ranked near Ghana
- 123 Togo 0.1781 compare
- 124 Papua New Guinea 0.1763 compare
- 125 Paraguay 0.1735 compare
- 127 Lao People's Democratic Republic 0.1682 compare
- 128 Tajikistan, Republic of 0.1603 compare
- 129 Burundi 0.1593 compare
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)
- Domestic credit to private sector by banks 8.2% (2024)
Frequently asked questions
- What is financial development index in Ghana?
- Financial development index in Ghana was 0.1695 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Ghana?
- The highest recorded value was 0.1746 in 2019.
- What is the lowest financial development index recorded in Ghana?
- The lowest recorded value was 0.0716 in 1983.
- How does Ghana rank for financial development index?
- Ghana ranks 126th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Ghana?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.