Net domestic credit (current LCU) in Ghana
Ghana: Net domestic credit (current LCU) was 269.34 billion current LCU in 2024. ◆ Volatile
Latest (2024)
269.34 billion current LCU
Change on year
up 13.4%
World rank
114th
of 187 countries
All-time high
269.34 billion current LCU
in 2024
All-time low
-5,060 current LCU
in 1960
Years of data
65
1960–2024
Net domestic credit in Ghana, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Ghana recorded 269.34 billion current LCU for net domestic credit in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 13.4% on the previous year and up 453.8% over ten years.
Over the whole period, net domestic credit in Ghana peaked at 269.34 billion current LCU in 2024 and was at its lowest, -5,060 current LCU, in 1960.
Ghana ranks 114th of 187 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) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | -5,060 current LCU | — |
| 1961 | 9,260 current LCU | -283.0% |
| 1962 | 9,990 current LCU | +7.9% |
| 1963 | 16,520 current LCU | +65.4% |
| 1964 | 27,450 current LCU | +66.2% |
| 1965 | 30,290 current LCU | +10.3% |
| 1966 | 40,600 current LCU | +34.0% |
| 1967 | 48,119 current LCU | +18.5% |
| 1968 | 53,674 current LCU | +11.5% |
| 1969 | 56,165 current LCU | +4.6% |
| 1970 | 59,386 current LCU | +5.7% |
| 1971 | 73,301 current LCU | +23.4% |
| 1972 | 81,676 current LCU | +11.4% |
| 1973 | 84,281 current LCU | +3.2% |
| 1974 | 125,375 current LCU | +48.8% |
| 1975 | 159,752 current LCU | +27.4% |
| 1976 | 242,857 current LCU | +52.0% |
| 1977 | 385,097 current LCU | +58.6% |
| 1978 | 645,260 current LCU | +67.6% |
| 1979 | 750,090 current LCU | +16.2% |
| 1980 | 966,388 current LCU | +28.8% |
| 1981 | 1.56 million current LCU | +61.5% |
| 1982 | 1.90 million current LCU | +21.4% |
| 1983 | 3.40 million current LCU | +79.2% |
| 1984 | 5.11 million current LCU | +50.4% |
| 1985 | 8.05 million current LCU | +57.7% |
| 1986 | 12.26 million current LCU | +52.2% |
| 1987 | 21.07 million current LCU | +71.9% |
| 1988 | 21.63 million current LCU | +2.7% |
| 1989 | 30.08 million current LCU | +39.1% |
| 1990 | 33.63 million current LCU | +11.8% |
| 1991 | 39.77 million current LCU | +18.3% |
| 1992 | 57.66 million current LCU | +45.0% |
| 1993 | 82.66 million current LCU | +43.4% |
| 1994 | 95.77 million current LCU | +15.9% |
| 1995 | 146.41 million current LCU | +52.9% |
| 1996 | 208.23 million current LCU | +42.2% |
| 1997 | 360.04 million current LCU | +72.9% |
| 1998 | 424.93 million current LCU | +18.0% |
| 1999 | 669.32 million current LCU | +57.5% |
| 2000 | 1.07 billion current LCU | +59.4% |
| 2001 | 1.34 billion current LCU | +25.3% |
| 2002 | 1.69 billion current LCU | +26.4% |
| 2003 | 1.78 billion current LCU | +5.4% |
| 2004 | 2.51 billion current LCU | +41.0% |
| 2005 | 3.00 billion current LCU | +19.5% |
| 2006 | 3.95 billion current LCU | +31.6% |
| 2007 | 5.29 billion current LCU | +34.1% |
| 2008 | 8.65 billion current LCU | +63.4% |
| 2009 | 11.69 billion current LCU | +35.1% |
| 2010 | 14.41 billion current LCU | +23.3% |
| 2011 | 18.12 billion current LCU | +25.8% |
| 2012 | 25.97 billion current LCU | +43.3% |
| 2013 | 36.79 billion current LCU | +41.7% |
| 2014 | 48.63 billion current LCU | +32.2% |
| 2015 | 55.91 billion current LCU | +15.0% |
| 2016 | 66.04 billion current LCU | +18.1% |
| 2017 | 78.34 billion current LCU | +18.6% |
| 2018 | 88.91 billion current LCU | +13.5% |
| 2019 | 99.95 billion current LCU | +12.4% |
| 2020 | 146.40 billion current LCU | +46.5% |
| 2021 | 169.47 billion current LCU | +15.8% |
| 2022 | 238.48 billion current LCU | +40.7% |
| 2023 | 237.47 billion current LCU | -0.4% |
| 2024 | 269.34 billion current LCU | +13.4% |
Ghana compared with similar countries
- Ghana's 269.34 billion current LCU is below the median for lower middle income countries, which is 680.59 billion current LCU, 40% of the median. (46 countries reporting)
- Ghana's 269.34 billion current LCU is below the median for Sub-Saharan Africa, which is 1.92 trillion current LCU, 14% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU) 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 |
|---|---|---|---|
| 1961 | +283.0% | -5,060 current LCU | 9,260 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 28,701 current LCU | -5,060 current LCU | 56,165 current LCU | 10 |
| 1970s | 260,707 current LCU | 59,386 current LCU | 750,090 current LCU | 10 |
| 1980s | 10.60 million current LCU | 966,388 current LCU | 30.08 million current LCU | 10 |
| 1990s | 211.84 million current LCU | 33.63 million current LCU | 669.32 million current LCU | 10 |
| 2000s | 4.10 billion current LCU | 1.07 billion current LCU | 11.69 billion current LCU | 10 |
| 2010s | 53.31 billion current LCU | 14.41 billion current LCU | 99.95 billion current LCU | 10 |
| 2020s | 212.23 billion current LCU | 146.40 billion current LCU | 269.34 billion current LCU | 5 |
Countries ranked near Ghana
- 111 Guinea-Bissau 326.78 billion current LCU compare
- 112 Central African Republic 318.11 billion current LCU compare
- 113 Ireland 308.95 billion current LCU compare
- 115 Bhutan 244.31 billion current LCU compare
- 116 Cape Verde 195.38 billion current LCU compare
- 117 Nicaragua 188.32 billion current LCU 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 in Ghana?
- Net domestic credit in Ghana was 269.34 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Ghana?
- The highest recorded value was 269.34 billion current LCU in 2024.
- What is the lowest net domestic credit recorded in Ghana?
- The lowest recorded value was -5,060 current LCU in 1960.
- How does Ghana rank for net domestic credit?
- Ghana ranks 114th out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Ghana?
- Over the last ten years it is up 453.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.