Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Ghana
Ghana: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 21.21 billion in 2024. ◆ Volatile
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Ghana, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, outstanding loans, commercial banks, of which: household sector loans in Ghana stood at 21.21 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 22.5% on the previous year and up 412.0% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Ghana peaked at 21.21 billion in 2024 and was at its lowest, 283.30 million, in 2005.
That places Ghana 94th out of 134 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 283.30 million | — |
| 2006 | 374.43 million | +32.2% |
| 2007 | 724.10 million | +93.4% |
| 2008 | 1.05 billion | +45.1% |
| 2009 | 1.08 billion | +2.7% |
| 2010 | 1.10 billion | +1.8% |
| 2011 | 1.48 billion | +34.9% |
| 2012 | 2.08 billion | +40.7% |
| 2013 | 2.86 billion | +37.3% |
| 2014 | 4.14 billion | +44.7% |
| 2015 | 4.48 billion | +8.1% |
| 2016 | 4.82 billion | +7.7% |
| 2017 | 5.67 billion | +17.6% |
| 2018 | 8.36 billion | +47.4% |
| 2019 | 9.41 billion | +12.6% |
| 2020 | 9.56 billion | +1.6% |
| 2021 | 12.37 billion | +29.4% |
| 2022 | 14.15 billion | +14.4% |
| 2023 | 17.32 billion | +22.4% |
| 2024 | 21.21 billion | +22.5% |
Ghana compared with similar countries
- Ghana's 21.21 billion is below the median for lower middle income countries, which is 472.36 billion, 4% of the median. (22 countries reporting)
- Ghana's 21.21 billion is below the median for Sub-Saharan Africa, which is 211.43 billion, 10% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 702.31 million | 283.30 million | 1.08 billion | 5 |
| 2010s | 4.44 billion | 1.10 billion | 9.41 billion | 10 |
| 2020s | 14.92 billion | 9.56 billion | 21.21 billion | 5 |
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 outstanding loans, commercial banks, of which: household sector loans in Ghana?
- Outstanding loans, commercial banks, of which: household sector loans in Ghana was 21.21 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Ghana?
- The highest recorded value was 21.21 billion in 2024.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Ghana?
- The lowest recorded value was 283.30 million in 2005.
- How does Ghana rank for outstanding loans, commercial banks, of which: household sector loans?
- Ghana ranks 94th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Ghana?
- Over the last ten years it is up 412.0%. 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 Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.