Annual broad money growth in Ghana
Ghana: Annual broad money growth was 37.4% in 2023. ▼ Falling
Latest (2023)
37.4%
Change on year
up 16.8%
World rank
6th
of 147 countries
All-time high
56.5%
in 2001
All-time low
15.8%
in 2018
Years of data
24
2000–2023
Annual broad money growth in Ghana, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, annual broad money growth in Ghana stood at 37.4%.
That represents a change of up 16.8% on the previous year and up 91.8% over ten years.
Over the whole period, annual broad money growth in Ghana peaked at 56.5% in 2001 and was at its lowest, 15.8%, in 2018.
That places Ghana 6th out of 147 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Annual broad money growth in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 54.2% | — |
| 2001 | 56.5% | +4.2% |
| 2002 | 39.2% | -30.6% |
| 2003 | 23.2% | -40.7% |
| 2004 | 27.3% | +17.4% |
| 2005 | 19.5% | -28.6% |
| 2006 | 39.3% | +102.1% |
| 2007 | 36.8% | -6.4% |
| 2008 | 39.2% | +6.4% |
| 2009 | 24.7% | -36.9% |
| 2010 | 31.9% | +29.0% |
| 2011 | 34.0% | +6.5% |
| 2012 | 25.1% | -26.1% |
| 2013 | 19.5% | -22.4% |
| 2014 | 37.3% | +91.2% |
| 2015 | 25.6% | -31.4% |
| 2016 | 22.5% | -12.0% |
| 2017 | 16.1% | -28.6% |
| 2018 | 15.8% | -1.9% |
| 2019 | 21.4% | +35.5% |
| 2020 | 28.4% | +32.8% |
| 2021 | 21.3% | -24.9% |
| 2022 | 32.0% | +50.3% |
| 2023 | 37.4% | +16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.0% | 19.5% | 56.5% | 10 |
| 2010s | 24.9% | 15.8% | 37.3% | 10 |
| 2020s | 29.8% | 21.3% | 37.4% | 4 |
Countries ranked near Ghana
- 3 Sudan 88.0% compare
- 4 South Sudan 63.4% compare
- 5 Tajikistan 50.6% compare
- 7 Sierra Leone 32.8% compare
- 8 Malawi 32.2% compare
- 9 Egypt 31.1% compare
More economy & growth data for Ghana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Services, value added (constant LCU), per capita 2,606 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 14.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 37.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.934 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 3,042 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 11.73 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 38,201 current LCU per person (2025)
Frequently asked questions
- What is annual broad money growth in Ghana?
- Annual broad money growth in Ghana was 37.4% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual broad money growth recorded in Ghana?
- The highest recorded value was 56.5% in 2001.
- What is the lowest annual broad money growth recorded in Ghana?
- The lowest recorded value was 15.8% in 2018.
- How does Ghana rank for annual broad money growth?
- Ghana ranks 6th out of 147 countries with data for 2023.
- Is annual broad money growth rising or falling in Ghana?
- Over the last ten years it is up 91.8%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual broad money growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).