Money in Ghana
Ghana: Money was 2.00 billion in 2006. ◆ Volatile
Money in Ghana, 1950–2006
Source: International Monetary Fund.
Analysis
In 2006, money in Ghana stood at 2.00 billion. That is the highest value across all 57 years on record.
The figure is up 36.3% on the previous year and up 1,545.0% over ten years.
Over the whole period, money in Ghana peaked at 2.00 billion in 2006 and was at its lowest, 7,540, in 1950.
Ghana ranks 145th of 162 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Money in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 7,540 | — |
| 1951 | 8,080 | +7.2% |
| 1952 | 8,790 | +8.8% |
| 1953 | 8,890 | +1.1% |
| 1954 | 9,540 | +7.3% |
| 1955 | 10,360 | +8.6% |
| 1956 | 10,810 | +4.3% |
| 1957 | 9,660 | -10.6% |
| 1958 | 10,120 | +4.8% |
| 1959 | 11,400 | +12.6% |
| 1960 | 13,410 | +17.6% |
| 1961 | 14,590 | +8.8% |
| 1962 | 16,310 | +11.8% |
| 1963 | 17,280 | +5.9% |
| 1964 | 1.32 million | +7561.9% |
| 1965 | 2.92 million | +120.8% |
| 1966 | 24,810 | -99.2% |
| 1967 | 24,099 | -2.9% |
| 1968 | 25,853 | +7.3% |
| 1969 | 28,957 | +12.0% |
| 1970 | 30,593 | +5.6% |
| 1971 | 32,105 | +4.9% |
| 1972 | 46,256 | +44.1% |
| 1973 | 56,375 | +21.9% |
| 1974 | 69,736 | +23.7% |
| 1975 | 100,864 | +44.6% |
| 1976 | 142,600 | +41.4% |
| 1977 | 239,444 | +67.9% |
| 1978 | 412,786 | +72.4% |
| 1979 | 467,977 | +13.4% |
| 1980 | 608,695 | +30.1% |
| 1981 | 941,504 | +54.7% |
| 1982 | 1.12 million | +19.0% |
| 1983 | 1.67 million | +49.2% |
| 1984 | 2.68 million | +60.6% |
| 1985 | 3.83 million | +42.7% |
| 1986 | 5.52 million | +44.0% |
| 1987 | 8.42 million | +52.6% |
| 1988 | 12.20 million | +45.0% |
| 1989 | 18.64 million | +52.7% |
| 1990 | 20.64 million | +10.8% |
| 1991 | 23.57 million | +14.2% |
| 1992 | 36.07 million | +53.0% |
| 1993 | 46.13 million | +27.9% |
| 1994 | 69.35 million | +50.3% |
| 1995 | 92.53 million | +33.4% |
| 1996 | 121.86 million | +31.7% |
| 1997 | 177.93 million | +46.0% |
| 1998 | 215.12 million | +20.9% |
| 1999 | 249.02 million | +15.8% |
| 2000 | 344.15 million | +38.2% |
| 2001 | 503.50 million | +46.3% |
| 2002 | 804.86 million | +59.9% |
| 2003 | 1.07 billion | +33.2% |
| 2004 | 1.37 billion | +28.2% |
| 2005 | 1.47 billion | +7.0% |
| 2006 | 2.00 billion | +36.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 9,519 | 7,540 | 11,400 | 10 |
| 1960s | 441,303 | 13,410 | 2.92 million | 10 |
| 1970s | 159,874 | 30,593 | 467,977 | 10 |
| 1980s | 5.56 million | 608,695 | 18.64 million | 10 |
| 1990s | 105.22 million | 20.64 million | 249.02 million | 10 |
| 2000s | 1.08 billion | 344.15 million | 2.00 billion | 7 |
Countries ranked near Ghana
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)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is money in Ghana?
- Money in Ghana was 2.00 billion in 2006, according to International Monetary Fund.
- What is the highest money recorded in Ghana?
- The highest recorded value was 2.00 billion in 2006.
- What is the lowest money recorded in Ghana?
- The lowest recorded value was 7,540 in 1950.
- How does Ghana rank for money?
- Ghana ranks 145th out of 162 countries with data for 2006.
- Is money rising or falling in Ghana?
- Over the last ten years it is up 1,545.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Money (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.