Total reserves in months of imports in Ghana
Ghana: Total reserves in months of imports was 1.64 in 2024. ▼ Falling
Total reserves in months of imports in Ghana, 1975–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for total reserves in months of imports in Ghana is 1.64, measured in 2024.
That represents a change of up 13.2% on the previous year and down 48.3% over ten years.
Over the whole period, total reserves in months of imports in Ghana peaked at 6.96 in 1985 and was at its lowest, 1.07, in 2000.
That places Ghana 147th out of 178 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Total reserves in months of imports in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 1.91 | — |
| 1976 | 1.37 | -28.6% |
| 1977 | 1.88 | +37.6% |
| 1978 | 3.56 | +89.2% |
| 1979 | 4.29 | +20.7% |
| 1980 | 3.13 | -27.1% |
| 1981 | 2.41 | -23.0% |
| 1982 | 4.17 | +72.8% |
| 1983 | 4.83 | +15.8% |
| 1984 | 6.45 | +33.7% |
| 1985 | 6.96 | +7.8% |
| 1986 | 6.93 | -0.4% |
| 1987 | 3 | -56.7% |
| 1988 | 2.67 | -10.8% |
| 1989 | 3.71 | +38.8% |
| 1990 | 2.35 | -36.8% |
| 1991 | 4.43 | +88.9% |
| 1992 | 2.5 | -43.5% |
| 1993 | 2.72 | +8.8% |
| 1994 | 3.92 | +44.1% |
| 1995 | 4.26 | +8.7% |
| 1996 | 4.4 | +3.1% |
| 1997 | 2.8 | -36.3% |
| 1998 | 1.44 | -48.7% |
| 1999 | 1.58 | +9.7% |
| 2000 | 1.07 | -32.3% |
| 2001 | 1.22 | +14.3% |
| 2002 | 2.17 | +77.9% |
| 2003 | 4.05 | +86.6% |
| 2004 | 3.74 | -7.7% |
| 2005 | 3.32 | -11.0% |
| 2006 | 3.21 | -3.5% |
| 2007 | 2.53 | -21.0% |
| 2008 | 1.9 | -24.8% |
| 2009 | 3.78 | +98.7% |
| 2010 | 4.25 | +12.4% |
| 2011 | 3.41 | -19.7% |
| 2012 | 2.9 | -15.2% |
| 2013 | 2.78 | -4.0% |
| 2014 | 3.17 | +14.0% |
| 2015 | 3.09 | -2.4% |
| 2016 | 3.2 | +3.5% |
| 2017 | 3.34 | +4.5% |
| 2018 | 2.72 | -18.6% |
| 2019 | 2.9 | +6.3% |
| 2020 | 3.3 | +13.9% |
| 2021 | 3.92 | +18.8% |
| 2022 | 1.97 | -49.8% |
| 2023 | 1.45 | -26.4% |
| 2024 | 1.64 | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6 | 1.37 | 4.29 | 5 |
| 1980s | 4.43 | 2.41 | 6.96 | 10 |
| 1990s | 3.04 | 1.44 | 4.43 | 10 |
| 2000s | 2.7 | 1.07 | 4.05 | 10 |
| 2010s | 3.18 | 2.72 | 4.25 | 10 |
| 2020s | 2.45 | 1.45 | 3.92 | 5 |
Countries ranked near Ghana
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is total reserves in months of imports in Ghana?
- Total reserves in months of imports in Ghana was 1.64 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Ghana?
- The highest recorded value was 6.96 in 1985.
- What is the lowest total reserves in months of imports recorded in Ghana?
- The lowest recorded value was 1.07 in 2000.
- How does Ghana rank for total reserves in months of imports?
- Ghana ranks 147th out of 178 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Ghana?
- Over the last ten years it is down 48.3%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].