Total reserves includes gold in Ghana
Ghana: Total reserves includes gold was 15.1% in 2011. ▲ Rising
Total reserves includes gold in Ghana, 1960–2011
Source: International Monetary Fund, International Financial Statistics and data files. Measured in % of GDP.
Analysis
In 2011, total reserves includes gold in Ghana stood at 15.1%.
That represents a change of down 5.9% on the previous year and up 113.3% over ten years.
Over the whole period, total reserves includes gold in Ghana peaked at 22.8% in 1960 and was at its lowest, 1.8%, in 1971.
That places Ghana 25th out of 53 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Total reserves includes gold in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 22.8% | — |
| 1961 | 12.0% | -47.5% |
| 1962 | 13.1% | +9.8% |
| 1963 | 13.6% | +3.3% |
| 1964 | 7.2% | -46.6% |
| 1965 | 5.6% | -22.2% |
| 1966 | 5.2% | -7.3% |
| 1967 | 4.7% | -9.4% |
| 1968 | 5.8% | +22.9% |
| 1969 | 3.7% | -37.1% |
| 1970 | 1.9% | -47.5% |
| 1971 | 1.8% | -7.3% |
| 1972 | 4.9% | +176.3% |
| 1973 | 7.9% | +59.8% |
| 1974 | 3.5% | -55.5% |
| 1975 | 5.2% | +49.6% |
| 1976 | 4.1% | -21.8% |
| 1977 | 5.7% | +39.0% |
| 1978 | 8.9% | +56.7% |
| 1979 | 10.0% | +11.9% |
| 1980 | 7.4% | -25.7% |
| 1981 | 6.4% | -14.3% |
| 1982 | 7.8% | +22.5% |
| 1983 | 7.2% | -7.8% |
| 1984 | 9.9% | +38.0% |
| 1985 | 12.3% | +23.7% |
| 1986 | 10.9% | -11.1% |
| 1987 | 6.5% | -40.0% |
| 1988 | 6.0% | -8.6% |
| 1989 | 8.3% | +39.0% |
| 1990 | 5.3% | -36.7% |
| 1991 | 9.8% | +85.8% |
| 1992 | 6.4% | -34.3% |
| 1993 | 8.7% | +35.0% |
| 1994 | 12.7% | +46.1% |
| 1995 | 12.4% | -1.7% |
| 1996 | 13.4% | +7.9% |
| 1997 | 9.0% | -33.2% |
| 1998 | 6.1% | -31.9% |
| 1999 | 6.9% | +13.5% |
| 2000 | 6.2% | -10.5% |
| 2001 | 7.1% | +14.1% |
| 2002 | 10.3% | +45.8% |
| 2003 | 19.3% | +86.7% |
| 2004 | 19.7% | +2.3% |
| 2005 | 17.7% | -10.3% |
| 2006 | 11.1% | -37.1% |
| 2007 | 9.0% | -19.4% |
| 2008 | 7.1% | -21.2% |
| 2009 | 14.2% | +101.3% |
| 2010 | 16.0% | +12.8% |
| 2011 | 15.1% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.4% | 3.7% | 22.8% | 10 |
| 1970s | 5.4% | 1.8% | 10.0% | 10 |
| 1980s | 8.3% | 6.0% | 12.3% | 10 |
| 1990s | 9.1% | 5.3% | 13.4% | 10 |
| 2000s | 12.2% | 6.2% | 19.7% | 10 |
| 2010s | 15.6% | 15.1% | 16.0% | 2 |
Countries ranked near Ghana
- 22 Tanzania, United Republic of 15.6% compare
- 23 Uganda 15.6% compare
- 24 Equatorial Guinea 15.4% compare
- 26 Nigeria 14.9% compare
- 27 Sierra Leone 14.8% compare
- 28 Eswatini 14.7% compare
More financial sector data for Ghana
- Total reserves in months of imports, annual growth rate 13.18 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 53.45 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.04 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 96.88 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 51.14 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 99.61 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 26.97 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 99.61 SDR per person (2024)
Frequently asked questions
- What is total reserves includes gold in Ghana?
- Total reserves includes gold in Ghana was 15.1% in 2011, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest total reserves includes gold recorded in Ghana?
- The highest recorded value was 22.8% in 1960.
- What is the lowest total reserves includes gold recorded in Ghana?
- The lowest recorded value was 1.8% in 1971.
- How does Ghana rank for total reserves includes gold?
- Ghana ranks 25th out of 53 countries with data for 2011.
- Is total reserves includes gold rising or falling in Ghana?
- Over the last ten years it is up 113.3%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Total reserves includes gold (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices.