Taxes less subsidies on products (current LCU) in Ghana
Ghana: Taxes less subsidies on products (current LCU) was 94.62 billion current LCU in 2025. ◆ Volatile
Latest (2025)
94.62 billion current LCU
Change on year
up 21.6%
World rank
89th
of 199 countries
All-time high
94.62 billion current LCU
in 2025
All-time low
8,500 current LCU
in 1960
Years of data
65
1960–2025
Taxes less subsidies on products in Ghana, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, taxes less subsidies on products in Ghana stood at 94.62 billion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 21.6% on the previous year and up 515.0% over ten years.
Over the whole period, taxes less subsidies on products in Ghana peaked at 94.62 billion current LCU in 2025 and was at its lowest, 8,500 current LCU, in 1960.
Ghana ranks 89th of 199 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.
Taxes less subsidies on products (current LCU) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 8,500 current LCU | — |
| 1961 | 10,100 current LCU | +18.8% |
| 1962 | 10,200 current LCU | +1.0% |
| 1963 | 11,800 current LCU | +15.7% |
| 1964 | 12,600 current LCU | +6.8% |
| 1965 | 18,800 current LCU | +49.2% |
| 1966 | 14,700 current LCU | -21.8% |
| 1967 | 16,100 current LCU | +9.5% |
| 1968 | 19,400 current LCU | +20.5% |
| 1969 | 24,200 current LCU | +24.7% |
| 1970 | 30,900 current LCU | +27.7% |
| 1971 | 30,100 current LCU | -2.6% |
| 1972 | 30,300 current LCU | +0.7% |
| 1973 | 28,100 current LCU | -7.3% |
| 1974 | 41,800 current LCU | +48.8% |
| 1975 | 54,100 current LCU | +29.4% |
| 1976 | 67,200 current LCU | +24.2% |
| 1977 | 86,700 current LCU | +29.0% |
| 1978 | 139,800 current LCU | +61.2% |
| 1979 | 152,400 current LCU | +9.0% |
| 1980 | 152,400 current LCU | +0.0% |
| 1981 | 286,700 current LCU | +88.1% |
| 1982 | 293,700 current LCU | +2.4% |
| 1984 | 1.39 million current LCU | +372.3% |
| 1985 | 2.51 million current LCU | +80.7% |
| 1986 | 267,900 current LCU | -89.3% |
| 1987 | 151,900 current LCU | -43.3% |
| 1988 | 220,000 current LCU | +44.8% |
| 1989 | 1.30 million current LCU | +488.7% |
| 1990 | 937,300 current LCU | -27.6% |
| 1991 | 261,600 current LCU | -72.1% |
| 1992 | 1.15 million current LCU | +340.1% |
| 1993 | 41.52 million current LCU | +3506.0% |
| 1994 | 51.92 million current LCU | +25.0% |
| 1995 | 71.24 million current LCU | +37.2% |
| 1996 | 127.22 million current LCU | +78.6% |
| 1997 | 150.49 million current LCU | +18.3% |
| 1998 | 181.37 million current LCU | +20.5% |
| 1999 | 213.98 million current LCU | +18.0% |
| 2000 | 285.36 million current LCU | +33.4% |
| 2001 | 395.30 million current LCU | +38.5% |
| 2002 | 506.30 million current LCU | +28.1% |
| 2003 | 607.19 million current LCU | +19.9% |
| 2004 | 691.23 million current LCU | +13.8% |
| 2005 | 827.39 million current LCU | +19.7% |
| 2006 | 1.30 billion current LCU | +57.4% |
| 2007 | 1.90 billion current LCU | +46.1% |
| 2008 | 2.20 billion current LCU | +15.9% |
| 2009 | 2.13 billion current LCU | -3.5% |
| 2010 | 4.17 billion current LCU | +95.8% |
| 2011 | 5.42 billion current LCU | +30.2% |
| 2012 | 4.69 billion current LCU | -13.5% |
| 2013 | 6.16 billion current LCU | +31.5% |
| 2014 | 14.45 billion current LCU | +134.4% |
| 2015 | 15.38 billion current LCU | +6.5% |
| 2016 | 16.57 billion current LCU | +7.7% |
| 2017 | 18.40 billion current LCU | +11.1% |
| 2018 | 21.62 billion current LCU | +17.5% |
| 2019 | 22.92 billion current LCU | +6.0% |
| 2020 | 23.84 billion current LCU | +4.0% |
| 2021 | 30.54 billion current LCU | +28.1% |
| 2022 | 38.34 billion current LCU | +25.5% |
| 2023 | 57.50 billion current LCU | +50.0% |
| 2024 | 77.81 billion current LCU | +35.3% |
| 2025 | 94.62 billion current LCU | +21.6% |
Ghana compared with similar countries
- Ghana's 94.62 billion current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU, 94% of the median. (46 countries reporting)
- Ghana's 94.62 billion current LCU is below the median for Sub-Saharan Africa, which is 327.21 billion current LCU, 29% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 | +3506.0% | 1.15 million current LCU | 41.52 million current LCU |
| 1989 | +488.7% | 220,000 current LCU | 1.30 million current LCU |
| 1984 | +372.3% | 293,700 current LCU | 1.39 million current LCU |
| 1992 | +340.1% | 261,600 current LCU | 1.15 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14,640 current LCU | 8,500 current LCU | 24,200 current LCU | 10 |
| 1970s | 66,140 current LCU | 28,100 current LCU | 152,400 current LCU | 10 |
| 1980s | 729,056 current LCU | 151,900 current LCU | 2.51 million current LCU | 9 |
| 1990s | 84.01 million current LCU | 261,600 current LCU | 213.98 million current LCU | 10 |
| 2000s | 1.08 billion current LCU | 285.36 million current LCU | 2.20 billion current LCU | 10 |
| 2010s | 12.98 billion current LCU | 4.17 billion current LCU | 22.92 billion current LCU | 10 |
| 2020s | 53.77 billion current LCU | 23.84 billion current LCU | 94.62 billion current LCU | 6 |
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)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Ghana?
- Taxes less subsidies on products in Ghana was 94.62 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Ghana?
- The highest recorded value was 94.62 billion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Ghana?
- The lowest recorded value was 8,500 current LCU in 1960.
- How does Ghana rank for taxes less subsidies on products?
- Ghana ranks 89th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Ghana?
- Over the last ten years it is up 515.0%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.