Credit to the private sector — all countries

Credit to the private sector — Ghana

Credit to the private sector in Ghana in 2024 — 8.92%. Ranked 137 in the world out of 143. Since 1960, the indicator has risen by 4.36 pp.

2024 8.92% −0.52 pp vs 2023
World rank 137of 143
Period maximum 18.07%2012
Period minimum 1.54%1983

Trend over time

1960–2024 · % of GDP

Credit to the private sector — Ghana, 1960–20240510152019601967197419811988199520022009201620231960: 4.57%1962: 6.18%1964: 6.96%1966: 8.45%1968: 8.66%1970: 8.25%1972: 10.06%1974: 5.68%1976: 5.9%1978: 3.52%1980: 2.19%1982: 1.8%1984: 2.21%1986: 3.63%1988: 3.14%1990: 4.93%1992: 4.94%1994: 5.25%1996: 6.01%1998: 9.36%2000: 13.97%2002: 12.15%2004: 13.17%2006: 10.86%2008: 12.61%2010: 16.66%2012: 18.07%2014: 16.5%2016: 17.44%2018: 13.71%2020: 13.06%2022: 13.29%2024: 8.92%
Change over the period: +4.36 pp Annual average: 0.07 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Ghana

Ghana 8.92%
World 140.32%
Western Africa computed 18.22%
Credit to the private sector — Ghana, by year Ghana All countries CSV XLSX
Year % Change, pp
2024 8.92 −0.52 pp
2023 9.45 −3.84 pp
2022 13.29 +0.23 pp
2021 13.05 −0 pp
2020 13.06 −0.88 pp
2019 13.94 +0.22 pp
2018 13.71 −2.39 pp
2017 16.1 −1.34 pp
2016 17.44 −0.5 pp
2015 17.93 +1.43 pp
2014 16.5 +1.21 pp
2013 15.29 −2.78 pp
2012 18.07 +0.88 pp
2011 17.2 +0.53 pp
2010 16.66 −1.08 pp
2009 17.74 +5.12 pp
2008 12.61 −1.87 pp
2007 14.49 +3.63 pp
2006 10.86 −4.69 pp
2005 15.54 +2.37 pp
2004 13.17 +0.68 pp
2003 12.49 +0.34 pp
2002 12.15 +0.27 pp
2001 11.88 −2.09 pp
2000 13.97 +1.41 pp
1999 12.56 +3.2 pp
1998 9.36 +1.16 pp
1997 8.2 +2.19 pp
1996 6.01 +0.93 pp
1995 5.07 −0.18 pp
1994 5.25 +0.41 pp
1993 4.84 −0.1 pp
1992 4.94 +1.28 pp
1991 3.66 −1.27 pp
1990 4.93 −0.92 pp
1989 5.84 +2.71 pp
1988 3.14 −0.01 pp
1987 3.15 −0.47 pp
1986 3.63 +0.52 pp
1985 3.11 +0.9 pp
1984 2.21 +0.67 pp
1983 1.54 −0.26 pp
1982 1.8 −0.05 pp
1981 1.85 −0.35 pp
1980 2.19 −0.63 pp
1979 2.82 −0.7 pp
1978 3.52 −1.5 pp
1977 5.02 −0.88 pp
1976 5.9 +0.12 pp
1975 5.78 +0.11 pp
1974 5.68 +0.33 pp
1973 5.34 −4.72 pp
1972 10.06 −2.52 pp
1971 12.58 +4.33 pp
1970 8.25 −0.96 pp
1969 9.21 +0.55 pp
1968 8.66 +1.09 pp
1967 7.57 −0.89 pp
1966 8.45 −0.07 pp
1965 8.52 +1.56 pp
1964 6.96 −0.62 pp
1963 7.58 +1.4 pp
1962 6.18 +0.35 pp
1961 5.83 +1.26 pp
1960 4.57

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.