Savings Rate, Percent per annum in Ghana
Ghana: Savings Rate, Percent per annum was 5 in 2025. ◆ Volatile
Savings Rate, Percent per annum in Ghana, 1978–2025
Source: International Monetary Fund.
Analysis
Ghana recorded 5 for savings rate, percent per annum in 2025.
Compared with earlier readings it is down 4.5% over ten years.
Over the whole period, savings rate, percent per annum in Ghana peaked at 27.51 in 1996 and was at its lowest, 4.65, in 2007.
Ghana ranks 10th of 63 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1978 | 11 | — |
| 1979 | 11 | +0.0% |
| 1980 | 11 | +0.0% |
| 1981 | 11 | +0.0% |
| 1982 | 11 | +0.0% |
| 1983 | 16.25 | +47.7% |
| 1984 | 16.25 | +0.0% |
| 1985 | 16.25 | +0.0% |
| 1986 | 17.17 | +5.6% |
| 1987 | 20.56 | +19.7% |
| 1991 | 18.16 | -11.6% |
| 1992 | 13.53 | -25.5% |
| 1993 | 18.5 | +36.7% |
| 1994 | 17.63 | -4.7% |
| 1995 | 22.19 | +25.9% |
| 1996 | 27.51 | +24.0% |
| 1997 | 27.49 | -0.1% |
| 1998 | 23.48 | -14.6% |
| 1999 | 14.75 | -37.2% |
| 2000 | 15.83 | +7.3% |
| 2001 | 17.21 | +8.7% |
| 2002 | 11.13 | -35.3% |
| 2003 | 11.08 | -0.4% |
| 2004 | 9.5 | -14.3% |
| 2005 | 8.35 | -12.1% |
| 2006 | 6.13 | -26.6% |
| 2007 | 4.65 | -24.1% |
| 2008 | 5.8 | +24.8% |
| 2009 | 9.17 | +57.9% |
| 2010 | 7.92 | -13.6% |
| 2011 | 5.17 | -34.6% |
| 2012 | 4.86 | -6.1% |
| 2013 | 5.35 | +10.2% |
| 2014 | 5.44 | +1.6% |
| 2015 | 5.24 | -3.7% |
| 2016 | 6.32 | +20.8% |
| 2017 | 7.19 | +13.7% |
| 2018 | 7.55 | +5.0% |
| 2019 | 7.55 | +0.0% |
| 2020 | 7.59 | +0.5% |
| 2021 | 7.62 | +0.5% |
| 2022 | 7.62 | +0.0% |
| 2023 | 5.75 | -24.6% |
| 2024 | 5 | -13.0% |
| 2025 | 5 | +0.0% |
Ghana compared with similar countries
- Ghana's 5 is above the median for lower middle income countries, which is 2.8, 1.8× the median. (18 countries reporting)
- Ghana's 5 is above the median for Sub-Saharan Africa, which is 2.92, 1.7× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11 | 11 | 11 | 2 |
| 1980s | 14.93 | 11 | 20.56 | 8 |
| 1990s | 20.36 | 13.53 | 27.51 | 9 |
| 2000s | 9.89 | 4.65 | 17.21 | 10 |
| 2010s | 6.26 | 4.86 | 7.92 | 10 |
| 2020s | 6.43 | 5 | 7.62 | 6 |
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 savings rate, percent per annum in Ghana?
- Savings rate, percent per annum in Ghana was 5 in 2025, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Ghana?
- The highest recorded value was 27.51 in 1996.
- What is the lowest savings rate, percent per annum recorded in Ghana?
- The lowest recorded value was 4.65 in 2007.
- How does Ghana rank for savings rate, percent per annum?
- Ghana ranks 10th out of 63 countries with data for 2025.
- Is savings rate, percent per annum rising or falling in Ghana?
- Over the last ten years it is down 4.5%. 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 Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.