Reserves in months of imports — all countries

Reserves in months of imports — Ghana

Reserves in months of imports in Ghana in 2024 — 1.64 months. Ranked 127 in the world out of 150. Since 1975, the indicator has fallen by 14.4%.

2024 1.64 months +13.18% vs 2023
World rank 127of 150
Period maximum 6.96 months1985
Period minimum 1.07 months2000

Trend over time

1975–2024 · months of imports

Reserves in months of imports — Ghana, 1975–202402468197519801985199019952000200520102015202020241975: 1.91 months1976: 1.37 months1977: 1.88 months1978: 3.56 months1979: 4.29 months1980: 3.13 months1981: 2.41 months1982: 4.17 months1983: 4.83 months1984: 6.45 months1985: 6.96 months1986: 6.93 months1987: 3 months1988: 2.67 months1989: 3.71 months1990: 2.35 months1991: 4.43 months1992: 2.5 months1993: 2.72 months1994: 3.92 months1995: 4.26 months1996: 4.4 months1997: 2.8 months1998: 1.44 months1999: 1.58 months2000: 1.07 months2001: 1.22 months2002: 2.17 months2003: 4.05 months2004: 3.74 months2005: 3.32 months2006: 3.21 months2007: 2.53 months2008: 1.9 months2009: 3.78 months2010: 4.25 months2011: 3.41 months2012: 2.9 months2013: 2.78 months2014: 3.17 months2015: 3.09 months2016: 3.2 months2017: 3.34 months2018: 2.72 months2019: 2.9 months2020: 3.3 months2021: 3.92 months2022: 1.97 months2023: 1.45 months2024: 1.64 months
Change over the period: −0.28 (−14.4%) Average annual rate: -0.32 %

Comparison, 2024

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

Ghana 1.64 months
World 8.8 months
Sub-Saharan Africa 5.37 months
Lower-middle-income countries computed 5.58 months
Reserves in months of imports — Ghana, by year Ghana All countries CSV XLSX
Year months Change Change, %
2024 1.64 +0.19 +13.18%
2023 1.45 −0.52 −26.4%
2022 1.97 −1.95 −49.82%
2021 3.92 +0.62 +18.84%
2020 3.3 +0.4 +13.91%
2019 2.9 +0.17 +6.34%
2018 2.72 −0.62 −18.57%
2017 3.34 +0.14 +4.49%
2016 3.2 +0.11 +3.47%
2015 3.09 −0.07 −2.36%
2014 3.17 +0.39 +14.02%
2013 2.78 −0.12 −4.04%
2012 2.9 −0.52 −15.18%
2011 3.41 −0.84 −19.71%
2010 4.25 +0.47 +12.37%
2009 3.78 +1.88 +98.71%
2008 1.9 −0.63 −24.83%
2007 2.53 −0.68 −21.05%
2006 3.21 −0.11 −3.46%
2005 3.32 −0.41 −11.04%
2004 3.74 −0.31 −7.74%
2003 4.05 +1.88 +86.55%
2002 2.17 +0.95 +77.93%
2001 1.22 +0.15 +14.29%
2000 1.07 −0.51 −32.27%
1999 1.58 +0.14 +9.65%
1998 1.44 −1.37 −48.72%
1997 2.8 −1.59 −36.27%
1996 4.4 +0.13 +3.13%
1995 4.26 +0.34 +8.69%
1994 3.92 +1.2 +44.06%
1993 2.72 +0.22 +8.75%
1992 2.5 −1.93 −43.48%
1991 4.43 +2.08 +88.86%
1990 2.35 −1.36 −36.77%
1989 3.71 +1.04 +38.78%
1988 2.67 −0.32 −10.82%
1987 3 −3.93 −56.72%
1986 6.93 −0.03 −0.45%
1985 6.96 +0.5 +7.78%
1984 6.45 +1.63 +33.7%
1983 4.83 +0.66 +15.85%
1982 4.17 +1.76 +72.8%
1981 2.41 −0.72 −22.95%
1980 3.13 −1.16 −27.1%
1979 4.29 +0.74 +20.66%
1978 3.56 +1.68 +89.21%
1977 1.88 +0.51 +37.61%
1976 1.37 −0.55 −28.62%
1975 1.91

Western Africa, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The ratio of international reserves to average monthly imports of goods and services. The commonly accepted minimum benchmark of adequacy is three months of imports; below that level a country becomes vulnerable to external shocks and to a halt in the inflow of capital.

Important: The aggregate is weighted by imports: all of the reserves of a group divided by its average monthly imports. Weighting by population or GDP will not do here — imports are precisely what stands in the denominator of the indicator.

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