Financial Institutions Efficiency Index in Ghana
Ghana: Financial Institutions Efficiency Index was 0.4704 in 2020. βΌ Falling
Financial Institutions Efficiency Index in Ghana, 1980β2020
Source: International Monetary Fund.
Analysis
Ghana recorded 0.4704 for financial institutions efficiency index in 2020.
That represents a change of up 4.9% on the previous year and up 35.9% over ten years.
Over the whole period, financial institutions efficiency index in Ghana peaked at 0.6789 in 1989 and was at its lowest, 0.3061, in 2009.
Ghana ranks 157th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5497 | 0.4381 | 0.6789 | 10 |
| 1990s | 0.5074 | 0.4431 | 0.6242 | 10 |
| 2000s | 0.4179 | 0.3061 | 0.514 | 10 |
| 2010s | 0.431 | 0.3462 | 0.4868 | 10 |
| 2020s | 0.4704 | 0.4704 | 0.4704 | 1 |
Countries ranked near Ghana
- 154 Angola 0.4827 compare
- 155 Rwanda 0.4726 compare
- 156 El Salvador 0.4715 compare
- 158 Greece 0.4669 compare
- 159 United Arab Emirates 0.4653 compare
- 160 Kazakhstan 0.4634 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 institutions efficiency index in Ghana?
- Financial institutions efficiency index in Ghana was 0.4704 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Ghana?
- The highest recorded value was 0.6789 in 1989.
- What is the lowest financial institutions efficiency index recorded in Ghana?
- The lowest recorded value was 0.3061 in 2009.
- How does Ghana rank for financial institutions efficiency index?
- Ghana ranks 157th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Ghana?
- Over the last ten years it is up 35.9%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency 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.