Total reserves in Ghana
Ghana: Total reserves was 12.0% in 2024. ▲ Rising
Total reserves in Ghana, 1971–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Ghana recorded 12.0% for total reserves in 2024.
The figure is up 37.6% on the previous year and down 38.7% over ten years.
Over the whole period, total reserves in Ghana peaked at 37.4% in 2006 and was at its lowest, 4.6%, in 2000.
That places Ghana 100th out of 111 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Total reserves in Ghana, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1971 | 7.9% | — |
| 1972 | 17.3% | +117.6% |
| 1973 | 25.7% | +48.4% |
| 1974 | 13.9% | -45.9% |
| 1975 | 20.4% | +47.1% |
| 1976 | 15.9% | -21.9% |
| 1977 | 17.0% | +6.8% |
| 1978 | 25.5% | +50.1% |
| 1979 | 31.3% | +22.5% |
| 1980 | 23.6% | -24.7% |
| 1981 | 17.4% | -26.0% |
| 1982 | 21.2% | +21.4% |
| 1983 | 17.5% | -17.4% |
| 1984 | 22.3% | +27.4% |
| 1985 | 24.5% | +9.9% |
| 1986 | 22.6% | -7.8% |
| 1987 | 10.0% | -55.6% |
| 1988 | 9.9% | -1.0% |
| 1989 | 12.8% | +29.3% |
| 1990 | 8.0% | -37.8% |
| 1991 | 14.7% | +84.6% |
| 1992 | 9.1% | -37.9% |
| 1993 | 10.6% | +15.9% |
| 1994 | 12.6% | +19.1% |
| 1995 | 13.5% | +7.5% |
| 1996 | 14.4% | +6.6% |
| 1997 | 9.7% | -32.6% |
| 1998 | 6.6% | -32.7% |
| 1999 | 7.5% | +14.9% |
| 2000 | 4.6% | -39.1% |
| 2001 | 5.5% | +19.6% |
| 2002 | 8.3% | +51.9% |
| 2003 | 17.7% | +112.7% |
| 2004 | 24.2% | +36.4% |
| 2005 | 23.4% | -2.9% |
| 2006 | 37.4% | +59.7% |
| 2007 | 26.7% | -28.7% |
| 2008 | 20.0% | -25.0% |
| 2009 | 28.5% | +42.2% |
| 2010 | 28.7% | +0.7% |
| 2011 | 27.7% | -3.3% |
| 2012 | 25.2% | -9.1% |
| 2013 | 19.6% | -22.2% |
| 2014 | 19.5% | -0.5% |
| 2015 | 18.3% | -6.0% |
| 2016 | 16.8% | -8.3% |
| 2017 | 20.8% | +23.6% |
| 2018 | 17.9% | -13.8% |
| 2019 | 23.1% | +29.0% |
| 2020 | 19.6% | -15.4% |
| 2021 | 21.3% | +8.8% |
| 2022 | 11.9% | -43.9% |
| 2023 | 8.7% | -27.2% |
| 2024 | 12.0% | +37.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.4% | 7.9% | 31.3% | 9 |
| 1980s | 18.2% | 9.9% | 24.5% | 10 |
| 1990s | 10.7% | 6.6% | 14.7% | 10 |
| 2000s | 19.6% | 4.6% | 37.4% | 10 |
| 2010s | 21.8% | 16.8% | 28.7% | 10 |
| 2020s | 14.7% | 8.7% | 21.3% | 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 Ghana?
- Total reserves in Ghana was 12.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Ghana?
- The highest recorded value was 37.4% in 2006.
- What is the lowest total reserves recorded in Ghana?
- The lowest recorded value was 4.6% in 2000.
- How does Ghana rank for total reserves?
- Ghana ranks 100th out of 111 countries with data for 2024.
- Is total reserves rising or falling in Ghana?
- Over the last ten years it is down 38.7%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). 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 indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.