Financial Institutions Index in Ghana
Ghana: Financial Institutions Index was 0.22 in 2020. ▲ Rising
Financial Institutions Index in Ghana, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Ghana is 0.22, measured in 2020. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 3.6% on the previous year and up 50.6% over ten years.
Over the whole period, financial institutions index in Ghana peaked at 0.22 in 2020 and was at its lowest, 0.1207, in 1983.
Ghana ranks 145th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Index in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1482 | — |
| 1981 | 0.1378 | -7.0% |
| 1982 | 0.1375 | -0.2% |
| 1983 | 0.1207 | -12.3% |
| 1984 | 0.1451 | +20.3% |
| 1985 | 0.1639 | +12.9% |
| 1986 | 0.1734 | +5.8% |
| 1987 | 0.1626 | -6.2% |
| 1988 | 0.1629 | +0.1% |
| 1989 | 0.2031 | +24.7% |
| 1990 | 0.1839 | -9.5% |
| 1991 | 0.1624 | -11.7% |
| 1992 | 0.1394 | -14.2% |
| 1993 | 0.1451 | +4.1% |
| 1994 | 0.1637 | +12.9% |
| 1995 | 0.136 | -17.0% |
| 1996 | 0.1463 | +7.6% |
| 1997 | 0.1521 | +4.0% |
| 1998 | 0.1391 | -8.5% |
| 1999 | 0.156 | +12.1% |
| 2000 | 0.1644 | +5.4% |
| 2001 | 0.16 | -2.7% |
| 2002 | 0.1558 | -2.6% |
| 2003 | 0.1452 | -6.8% |
| 2004 | 0.1488 | +2.5% |
| 2005 | 0.1409 | -5.3% |
| 2006 | 0.1381 | -2.0% |
| 2007 | 0.1465 | +6.1% |
| 2008 | 0.139 | -5.1% |
| 2009 | 0.1345 | -3.2% |
| 2010 | 0.1461 | +8.6% |
| 2011 | 0.1544 | +5.7% |
| 2012 | 0.1847 | +19.6% |
| 2013 | 0.1923 | +4.1% |
| 2014 | 0.1971 | +2.5% |
| 2015 | 0.1917 | -2.7% |
| 2016 | 0.197 | +2.7% |
| 2017 | 0.2074 | +5.3% |
| 2018 | 0.206 | -0.7% |
| 2019 | 0.2124 | +3.1% |
| 2020 | 0.22 | +3.6% |
Ghana compared with similar countries
- Ghana's 0.22 is below the median for lower middle income countries, which is 0.2568, 86% of the median. (45 countries reporting)
- Ghana's 0.22 is above the median for Sub-Saharan Africa, which is 0.2105, 1.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1555 | 0.1207 | 0.2031 | 10 |
| 1990s | 0.1524 | 0.136 | 0.1839 | 10 |
| 2000s | 0.1473 | 0.1345 | 0.1644 | 10 |
| 2010s | 0.1889 | 0.1461 | 0.2124 | 10 |
| 2020s | 0.22 | 0.22 | 0.22 | 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 institutions index in Ghana?
- Financial institutions index in Ghana was 0.22 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Ghana?
- The highest recorded value was 0.22 in 2020.
- What is the lowest financial institutions index recorded in Ghana?
- The lowest recorded value was 0.1207 in 1983.
- How does Ghana rank for financial institutions index?
- Ghana ranks 145th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Ghana?
- Over the last ten years it is up 50.6%. 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 Institutions 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.