Net domestic credit (current LCU), annual growth rate in Ghana
Ghana: Net domestic credit (current LCU), annual growth rate was 13.42 % change on previous year in 2024. ◆ Volatile
Latest (2024)
13.42 % change on previous year
Change on year
up 3,256.3%
World rank
58th
of 186 countries
All-time high
283 % change on previous year
in 1961
All-time low
-0.4252 % change on previous year
in 2023
Years of data
64
1961–2024
Net domestic credit (current LCU), annual growth rate in Ghana, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 13.42 % change on previous year for net domestic credit (current lcu), annual growth rate in 2024.
That represents a change of up 3,256.3% on the previous year and down 58.3% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Ghana peaked at 283 % change on previous year in 1961 and was at its lowest, -0.4252 % change on previous year, in 2023.
Ghana ranks 58th of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 283 % change on previous year | — |
| 1962 | 7.88 % change on previous year | -97.2% |
| 1963 | 65.37 % change on previous year | +729.2% |
| 1964 | 66.16 % change on previous year | +1.2% |
| 1965 | 10.35 % change on previous year | -84.4% |
| 1966 | 34.04 % change on previous year | +229.0% |
| 1967 | 18.52 % change on previous year | -45.6% |
| 1968 | 11.54 % change on previous year | -37.7% |
| 1969 | 4.64 % change on previous year | -59.8% |
| 1970 | 5.73 % change on previous year | +23.6% |
| 1971 | 23.43 % change on previous year | +308.6% |
| 1972 | 11.42 % change on previous year | -51.2% |
| 1973 | 3.19 % change on previous year | -72.1% |
| 1974 | 48.76 % change on previous year | +1428.6% |
| 1975 | 27.42 % change on previous year | -43.8% |
| 1976 | 52.02 % change on previous year | +89.7% |
| 1977 | 58.57 % change on previous year | +12.6% |
| 1978 | 67.56 % change on previous year | +15.3% |
| 1979 | 16.25 % change on previous year | -76.0% |
| 1980 | 28.84 % change on previous year | +77.5% |
| 1981 | 61.54 % change on previous year | +113.4% |
| 1982 | 21.42 % change on previous year | -65.2% |
| 1983 | 79.19 % change on previous year | +269.7% |
| 1984 | 50.35 % change on previous year | -36.4% |
| 1985 | 57.65 % change on previous year | +14.5% |
| 1986 | 52.23 % change on previous year | -9.4% |
| 1987 | 71.92 % change on previous year | +37.7% |
| 1988 | 2.67 % change on previous year | -96.3% |
| 1989 | 39.06 % change on previous year | +1360.3% |
| 1990 | 11.78 % change on previous year | -69.8% |
| 1991 | 18.26 % change on previous year | +55.0% |
| 1992 | 44.98 % change on previous year | +146.3% |
| 1993 | 43.37 % change on previous year | -3.6% |
| 1994 | 15.86 % change on previous year | -63.4% |
| 1995 | 52.87 % change on previous year | +233.5% |
| 1996 | 42.23 % change on previous year | -20.1% |
| 1997 | 72.91 % change on previous year | +72.7% |
| 1998 | 18.02 % change on previous year | -75.3% |
| 1999 | 57.51 % change on previous year | +219.1% |
| 2000 | 59.42 % change on previous year | +3.3% |
| 2001 | 25.34 % change on previous year | -57.4% |
| 2002 | 26.38 % change on previous year | +4.1% |
| 2003 | 5.38 % change on previous year | -79.6% |
| 2004 | 40.96 % change on previous year | +661.7% |
| 2005 | 19.48 % change on previous year | -52.4% |
| 2006 | 31.61 % change on previous year | +62.3% |
| 2007 | 34.1 % change on previous year | +7.9% |
| 2008 | 63.4 % change on previous year | +85.9% |
| 2009 | 35.11 % change on previous year | -44.6% |
| 2010 | 23.28 % change on previous year | -33.7% |
| 2011 | 25.76 % change on previous year | +10.6% |
| 2012 | 43.34 % change on previous year | +68.3% |
| 2013 | 41.66 % change on previous year | -3.9% |
| 2014 | 32.18 % change on previous year | -22.8% |
| 2015 | 14.97 % change on previous year | -53.5% |
| 2016 | 18.11 % change on previous year | +20.9% |
| 2017 | 18.63 % change on previous year | +2.9% |
| 2018 | 13.49 % change on previous year | -27.6% |
| 2019 | 12.42 % change on previous year | -7.9% |
| 2020 | 46.46 % change on previous year | +274.0% |
| 2021 | 15.76 % change on previous year | -66.1% |
| 2022 | 40.72 % change on previous year | +158.4% |
| 2023 | -0.4252 % change on previous year | -101.0% |
| 2024 | 13.42 % change on previous year | -3256.3% |
Ghana compared with similar countries
- Ghana's 13.42 % change on previous year is above the median for lower middle income countries, which is 11.97 % change on previous year, 1.1× the median. (46 countries reporting)
- Ghana's 13.42 % change on previous year is above the median for Sub-Saharan Africa, which is 12.16 % change on previous year, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), annual growth rate in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2024 | +3256.3% | -0.4252 % change on previous year | 13.42 % change on previous year |
| 1974 | +1428.6% | 3.19 % change on previous year | 48.76 % change on previous year |
| 1989 | +1360.3% | 2.67 % change on previous year | 39.06 % change on previous year |
| 1963 | +729.2% | 7.88 % change on previous year | 65.37 % change on previous year |
| 2004 | +661.7% | 5.38 % change on previous year | 40.96 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 55.72 % change on previous year | 4.64 % change on previous year | 283 % change on previous year | 9 |
| 1970s | 31.44 % change on previous year | 3.19 % change on previous year | 67.56 % change on previous year | 10 |
| 1980s | 46.49 % change on previous year | 2.67 % change on previous year | 79.19 % change on previous year | 10 |
| 1990s | 37.78 % change on previous year | 11.78 % change on previous year | 72.91 % change on previous year | 10 |
| 2000s | 34.12 % change on previous year | 5.38 % change on previous year | 63.4 % change on previous year | 10 |
| 2010s | 24.38 % change on previous year | 12.42 % change on previous year | 43.34 % change on previous year | 10 |
| 2020s | 23.19 % change on previous year | -0.4252 % change on previous year | 46.46 % change on previous year | 5 |
Countries ranked near Ghana
- 55 Benin 13.87 % change on previous year compare
- 56 Bosnia and Herzegovina 13.66 % change on previous year compare
- 57 India 13.56 % change on previous year compare
- 59 Zambia 13.4 % change on previous year compare
- 60 Russia 13.37 % change on previous year compare
- 61 Kazakhstan 13.17 % change on previous year compare
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 net domestic credit (current lcu), annual growth rate in Ghana?
- Net domestic credit (current lcu), annual growth rate in Ghana was 13.42 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 283 % change on previous year in 1961.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -0.4252 % change on previous year in 2023.
- How does Ghana rank for net domestic credit (current lcu), annual growth rate?
- Ghana ranks 58th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is down 58.3%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.