Gross capital formation in Ghana
Ghana: Gross capital formation was 31.84 billion constant LCU in 2024. ▲ Rising
Gross capital formation in Ghana, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross capital formation in Ghana is 31.84 billion constant LCU, measured in 2024.
The figure is up 13.0% on the previous year and down 1.2% over ten years.
Over the whole period, gross capital formation in Ghana peaked at 40.44 billion constant LCU in 2012 and was at its lowest, 22.93 billion constant LCU, in 2010.
Ghana ranks 112th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Gross capital formation in Ghana, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 29.75 billion constant LCU | — |
| 2007 | 34.33 billion constant LCU | +15.4% |
| 2008 | 37.20 billion constant LCU | +8.4% |
| 2009 | 29.41 billion constant LCU | -20.9% |
| 2010 | 22.93 billion constant LCU | -22.0% |
| 2011 | 29.09 billion constant LCU | +26.9% |
| 2012 | 40.44 billion constant LCU | +39.0% |
| 2013 | 30.84 billion constant LCU | -23.8% |
| 2014 | 32.24 billion constant LCU | +4.6% |
| 2015 | 31.42 billion constant LCU | -2.6% |
| 2016 | 35.22 billion constant LCU | +12.1% |
| 2017 | 35.75 billion constant LCU | +1.5% |
| 2018 | 39.99 billion constant LCU | +11.9% |
| 2019 | 36.25 billion constant LCU | -9.4% |
| 2020 | 36.69 billion constant LCU | +1.2% |
| 2021 | 38.73 billion constant LCU | +5.6% |
| 2022 | 39.00 billion constant LCU | +0.7% |
| 2023 | 28.17 billion constant LCU | -27.8% |
| 2024 | 31.84 billion constant LCU | +13.0% |
Ghana compared with similar countries
- Ghana's 31.84 billion constant LCU is below the median for lower middle income countries, which is 100.52 billion constant LCU, 32% of the median. (43 countries reporting)
- Ghana's 31.84 billion constant LCU is below the median for Sub-Saharan Africa, which is 762.38 billion constant LCU, 4% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.67 billion constant LCU | 29.41 billion constant LCU | 37.20 billion constant LCU | 4 |
| 2010s | 33.42 billion constant LCU | 22.93 billion constant LCU | 40.44 billion constant LCU | 10 |
| 2020s | 34.89 billion constant LCU | 28.17 billion constant LCU | 39.00 billion constant 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 gross capital formation in Ghana?
- Gross capital formation in Ghana was 31.84 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Ghana?
- The highest recorded value was 40.44 billion constant LCU in 2012.
- What is the lowest gross capital formation recorded in Ghana?
- The lowest recorded value was 22.93 billion constant LCU in 2010.
- How does Ghana rank for gross capital formation?
- Ghana ranks 112th out of 170 countries with data for 2024.
- Is gross capital formation rising or falling in Ghana?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.