Services balance (credit less debit), Net (credits less debits) (US) in Ghana
Ghana: Services balance (credit less debit), Net (credits less debits) (US) was -2.22 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Ghana, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Ghana stood at -2.22 billion.
The figure is up 7.5% on the previous year and up 14.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Ghana peaked at -149.97 million in 2006 and was at its lowest, -4.51 billion, in 2020.
Ghana ranks 154th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -166.60 million | — |
| 2006 | -149.97 million | -10.0% |
| 2007 | -166.72 million | +11.2% |
| 2008 | -497.17 million | +198.2% |
| 2009 | -1.17 billion | +136.0% |
| 2010 | -1.53 billion | +30.0% |
| 2011 | -1.86 billion | +21.7% |
| 2012 | -976.26 million | -47.4% |
| 2013 | -2.44 billion | +150.3% |
| 2014 | -2.60 billion | +6.5% |
| 2015 | -1.17 billion | -55.2% |
| 2016 | -1.29 billion | +10.9% |
| 2017 | -2.87 billion | +122.1% |
| 2018 | -2.51 billion | -12.5% |
| 2019 | -3.57 billion | +42.1% |
| 2020 | -4.51 billion | +26.3% |
| 2021 | -2.31 billion | -48.7% |
| 2022 | -2.62 billion | +13.0% |
| 2023 | -2.40 billion | -8.1% |
| 2024 | -2.22 billion | -7.5% |
Ghana compared with similar countries
- Ghana's -2.22 billion is below the median for lower middle income countries, which is -329.10 million, 6.8× the median. (46 countries reporting)
- Ghana's -2.22 billion is below the median for Sub-Saharan Africa, which is -399.59 million, 5.6× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -430.77 million | -1.17 billion | -149.97 million | 5 |
| 2010s | -2.08 billion | -3.57 billion | -976.26 million | 10 |
| 2020s | -2.81 billion | -4.51 billion | -2.22 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 services balance (credit less debit), net (credits less debits) in Ghana?
- Services balance (credit less debit), net (credits less debits) in Ghana was -2.22 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Ghana?
- The highest recorded value was -149.97 million in 2006.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Ghana?
- The lowest recorded value was -4.51 billion in 2020.
- How does Ghana rank for services balance (credit less debit), net (credits less debits)?
- Ghana ranks 154th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Ghana?
- Over the last ten years it is up 14.5%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.