Total reserves in months of imports (reserves International Financial) in Ghana
Ghana: Total reserves in months of imports (reserves International Financial) was 3.83 in 2025. ▼ Falling
Total reserves in months of imports in Ghana, 1975–2025
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for total reserves in months of imports in Ghana is 3.83, measured in 2025.
That represents a change of up 47.0% on the previous year and up 23.9% 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 105th out of 179 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Total reserves in months of imports (reserves International Financial) 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 | 1.89 | -51.8% |
| 2023 | 1.74 | -8.0% |
| 2024 | 2.61 | +49.9% |
| 2025 | 3.83 | +47.0% |
Ghana compared with similar countries
- Ghana's 3.83 is below the median for lower middle income countries, which is 5.09, 75% of the median. (42 countries reporting)
- Ghana's 3.83 is above the median for Sub-Saharan Africa, which is 3.67, 1.0× the median. (39 countries reporting)
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 | 2.88 | 1.74 | 3.92 | 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 total reserves in months of imports in Ghana?
- Total reserves in months of imports in Ghana was 3.83 in 2025, 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 105th out of 179 countries with data for 2025.
- Is total reserves in months of imports rising or falling in Ghana?
- Over the last ten years it is up 23.9%. 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)].