Financial Development Index in Ghana
Ghana: Financial Development Index was 0.1695 in 2020. ▲ Rising
Financial Development Index in Ghana, 1980–2020
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.
Financial Development Index in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0892 | — |
| 1981 | 0.0823 | -7.7% |
| 1982 | 0.0821 | -0.2% |
| 1983 | 0.0716 | -12.8% |
| 1984 | 0.0886 | +23.8% |
| 1985 | 0.1031 | +16.3% |
| 1986 | 0.1108 | +7.5% |
| 1987 | 0.1025 | -7.4% |
| 1988 | 0.1027 | +0.2% |
| 1989 | 0.14 | +36.3% |
| 1990 | 0.1236 | -11.7% |
| 1991 | 0.1068 | -13.5% |
| 1992 | 0.0942 | -11.9% |
| 1993 | 0.0982 | +4.3% |
| 1994 | 0.1274 | +29.7% |
| 1995 | 0.1014 | -20.4% |
| 1996 | 0.1047 | +3.2% |
| 1997 | 0.108 | +3.1% |
| 1998 | 0.1059 | -1.9% |
| 1999 | 0.1076 | +1.5% |
| 2000 | 0.112 | +4.2% |
| 2001 | 0.1154 | +3.0% |
| 2002 | 0.1053 | -8.8% |
| 2003 | 0.1148 | +9.0% |
| 2004 | 0.1369 | +19.3% |
| 2005 | 0.1171 | -14.5% |
| 2006 | 0.112 | -4.3% |
| 2007 | 0.1205 | +7.6% |
| 2008 | 0.1282 | +6.4% |
| 2009 | 0.1127 | -12.1% |
| 2010 | 0.1215 | +7.8% |
| 2011 | 0.1324 | +9.0% |
| 2012 | 0.1476 | +11.5% |
| 2013 | 0.1485 | +0.6% |
| 2014 | 0.1573 | +6.0% |
| 2015 | 0.1595 | +1.4% |
| 2016 | 0.166 | +4.1% |
| 2017 | 0.1659 | -0.1% |
| 2018 | 0.1633 | -1.6% |
| 2019 | 0.1746 | +6.9% |
| 2020 | 0.1695 | -2.9% |
Ghana compared with similar countries
- Ghana's 0.1695 is above the median for lower middle income countries, which is 0.1603, 1.1× the median. (45 countries reporting)
- Ghana's 0.1695 is above the median for Sub-Saharan Africa, which is 0.1219, 1.4× the median. (46 countries reporting)
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
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 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 · JSON — 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.