Annual broad money growth in Ghana
Ghana: Annual broad money growth was 37.41 in 2023. ▼ Falling
Latest (2023)
37.41
Change on year
up 16.8%
World rank
10th
of 163 countries
All-time high
56.53
in 2001
All-time low
15.76
in 2018
Years of data
24
2000–2023
Annual broad money growth in Ghana, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for annual broad money growth in Ghana is 37.41, measured in 2023.
The figure is 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 56.53 in 2001 and was at its lowest, 15.76, in 2018.
Ghana ranks 10th of 163 countries on this measure, 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 | 54.24 | — |
| 2001 | 56.53 | +4.2% |
| 2002 | 39.21 | -30.6% |
| 2003 | 23.24 | -40.7% |
| 2004 | 27.28 | +17.4% |
| 2005 | 19.47 | -28.6% |
| 2006 | 39.34 | +102.1% |
| 2007 | 36.83 | -6.4% |
| 2008 | 39.18 | +6.4% |
| 2009 | 24.74 | -36.9% |
| 2010 | 31.92 | +29.0% |
| 2011 | 33.99 | +6.5% |
| 2012 | 25.14 | -26.0% |
| 2013 | 19.5 | -22.4% |
| 2014 | 37.29 | +91.2% |
| 2015 | 25.57 | -31.4% |
| 2016 | 22.5 | -12.0% |
| 2017 | 16.07 | -28.6% |
| 2018 | 15.76 | -1.9% |
| 2019 | 21.35 | +35.5% |
| 2020 | 28.36 | +32.8% |
| 2021 | 21.3 | -24.9% |
| 2022 | 32.03 | +50.4% |
| 2023 | 37.41 | +16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.01 | 19.47 | 56.53 | 10 |
| 2010s | 24.91 | 15.76 | 37.29 | 10 |
| 2020s | 29.77 | 21.3 | 37.41 | 4 |
Countries ranked near Ghana
- 7 Tajikistan 50.64 compare
- 8 Lao People's Democratic Republic 39.13 compare
- 9 Angola 37.76 compare
- 11 Congo, Democratic Republic of the 35.8 compare
- 12 Sierra Leone 32.83 compare
- 13 Malawi 32.23 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)
- GNI (current LCU), annual growth rate 21.53 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 11.79 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 38,398 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -32.32 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -17 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 37.53 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.066 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 214.9 current US$ per person (2025)
Frequently asked questions
- What is annual broad money growth in Ghana?
- Annual broad money growth in Ghana was 37.41 in 2023, according to Our World in Data.
- What is the highest annual broad money growth recorded in Ghana?
- The highest recorded value was 56.53 in 2001.
- What is the lowest annual broad money growth recorded in Ghana?
- The lowest recorded value was 15.76 in 2018.
- How does Ghana rank for annual broad money growth?
- Ghana ranks 10th out of 163 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 Our World in Data, 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 CC BY 4.0 (Our World in Data).