Changes in inventories in Ghana
Ghana: Changes in inventories was 1.87 billion current LCU in 2024. ◆ Volatile
Changes in inventories in Ghana, 1967–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, changes in inventories in Ghana stood at 1.87 billion current LCU.
Compared with earlier readings it is down 15.5% on the previous year and up 58.9% over ten years.
Over the whole period, changes in inventories in Ghana peaked at 2.21 billion current LCU in 2023 and was at its lowest, -19.93 million current LCU, in 2001.
Ghana ranks 81st of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1967 | 2,300 current LCU | — |
| 1968 | 2,900 current LCU | +26.1% |
| 1969 | 3,600 current LCU | +24.1% |
| 1970 | 4,900 current LCU | +36.1% |
| 1971 | 4,200 current LCU | -14.3% |
| 1972 | -4,400 current LCU | -204.8% |
| 1973 | 4,800 current LCU | -209.1% |
| 1974 | 5,300 current LCU | +10.4% |
| 1975 | 5,800 current LCU | +9.4% |
| 1976 | -6,200 current LCU | -206.9% |
| 1977 | 18,600 current LCU | -400.0% |
| 1978 | 6,600 current LCU | -64.5% |
| 1979 | -5,400 current LCU | -181.8% |
| 1980 | -20,300 current LCU | +275.9% |
| 1981 | -10,900 current LCU | -46.3% |
| 1982 | -13,300 current LCU | +22.0% |
| 1983 | 0 current LCU | -100.0% |
| 1984 | 6,500 current LCU | — |
| 1985 | 13,900 current LCU | +113.8% |
| 1986 | 34,000 current LCU | +144.6% |
| 1987 | 55,000 current LCU | +61.8% |
| 1988 | 59,400 current LCU | +8.0% |
| 1989 | 74,900 current LCU | +26.1% |
| 1990 | 111,000 current LCU | +48.2% |
| 1991 | 134,900 current LCU | +21.5% |
| 1992 | 179,400 current LCU | +33.0% |
| 1993 | -6.10 million current LCU | -3500.2% |
| 1994 | 7.20 million current LCU | -218.0% |
| 1995 | -8.60 million current LCU | -219.4% |
| 1996 | 10.22 million current LCU | -218.8% |
| 1997 | 13.70 million current LCU | +34.1% |
| 1998 | 12.90 million current LCU | -5.8% |
| 1999 | 10.97 million current LCU | -15.0% |
| 2000 | 24.45 million current LCU | +122.9% |
| 2001 | -19.93 million current LCU | -181.5% |
| 2002 | 45.20 million current LCU | -326.8% |
| 2003 | 0 current LCU | -100.0% |
| 2004 | 0 current LCU | — |
| 2005 | 0 current LCU | — |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 348.76 million current LCU | — |
| 2010 | 615.17 million current LCU | +76.4% |
| 2011 | 498.30 million current LCU | -19.0% |
| 2012 | 646.07 million current LCU | +29.7% |
| 2013 | 911.85 million current LCU | +41.1% |
| 2014 | 1.18 billion current LCU | +29.2% |
| 2015 | 1.28 billion current LCU | +8.6% |
| 2016 | 1.38 billion current LCU | +8.1% |
| 2017 | 1.78 billion current LCU | +29.1% |
| 2018 | 1.57 billion current LCU | -11.8% |
| 2019 | 2.17 billion current LCU | +37.9% |
| 2020 | 2.21 billion current LCU | +1.6% |
| 2021 | 1.31 billion current LCU | -40.8% |
| 2022 | 1.25 billion current LCU | -4.4% |
| 2023 | 2.21 billion current LCU | +77.3% |
| 2024 | 1.87 billion current LCU | -15.5% |
Ghana compared with similar countries
- Ghana's 1.87 billion current LCU is above the median for lower middle income countries, which is 360.00 million current LCU, 5.2× the median. (43 countries reporting)
- Ghana's 1.87 billion current LCU is below the median for Sub-Saharan Africa, which is 2.19 billion current LCU, 85% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Changes in inventories in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -3500.2% | 179,400 current LCU | -6.10 million current LCU |
| 1977 | +400.0% | -6,200 current LCU | 18,600 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2,933 current LCU | 2,300 current LCU | 3,600 current LCU | 3 |
| 1970s | 3,420 current LCU | -6,200 current LCU | 18,600 current LCU | 10 |
| 1980s | 19,920 current LCU | -20,300 current LCU | 74,900 current LCU | 10 |
| 1990s | 4.07 million current LCU | -8.60 million current LCU | 13.70 million current LCU | 10 |
| 2000s | 39.85 million current LCU | -19.93 million current LCU | 348.76 million current LCU | 10 |
| 2010s | 1.20 billion current LCU | 498.30 million current LCU | 2.17 billion current LCU | 10 |
| 2020s | 1.77 billion current LCU | 1.25 billion current LCU | 2.21 billion current LCU | 5 |
Countries ranked near Ghana
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 38.84 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.11 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.91 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.08 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0167 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 54.42 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 23.42 % change on previous year (2024)
Frequently asked questions
- What is changes in inventories in Ghana?
- Changes in inventories in Ghana was 1.87 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest changes in inventories recorded in Ghana?
- The highest recorded value was 2.21 billion current LCU in 2023.
- What is the lowest changes in inventories recorded in Ghana?
- The lowest recorded value was -19.93 million current LCU in 2001.
- How does Ghana rank for changes in inventories?
- Ghana ranks 81st out of 186 countries with data for 2024.
- Is changes in inventories rising or falling in Ghana?
- Over the last ten years it is up 58.9%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Changes in inventories (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.