Ghana Domestic Credit Growth
1968 - 2024 | Monthly | % | CEIC Data
Key information about Ghana Domestic Credit Growth
- Ghana Domestic Credit shrunk by 5.2 % YoY in Apr 2024, compared with a decrease of 7.6 % YoY in the previous month
- Ghana Domestic Credit Growth YoY data is updated monthly
- It averaged 31.4 %, available from Jan 1968 to Apr 2024
- The data reached an all-time high of 110.4 % in Aug 1984 and a record low of -8.5 % in Aug 1973
CEIC calculates monthly Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. Domestic Credit Growth prior to December 2002 is based on an older methodology
View Ghana's Domestic Credit Growth from Jan 1968 to Apr 2024 in the chart:
What was Ghana's Domestic Credit Growth in Apr 2024?
Ghana Domestic Credit shrunk by 5.2 % YoY in Apr 2024, compared with a decrease of 7.6 % YoY in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -5.2 Apr 2024 | -7.6 Mar 2024 | -8.5 Aug 1973 | 110.4 Aug 1984 | % | monthly | Jan 1968 - Apr 2024 |
Domestic Credit Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.3 Aug 2024 | monthly | Dec 2003 - Aug 2024 |
| Algeria (%) | 12.6 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Argentina (%) | 181.9 Jul 2024 | monthly | Jan 1991 - Jul 2024 |
| Armenia (%) | 19.8 Jul 2024 | monthly | Dec 1994 - Jul 2024 |
| Australia (%) | 0.0 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| Austria (%) | -1.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Azerbaijan (%) | 3.4 Jun 2024 | monthly | Dec 2002 - Jun 2024 |
| Bahrain (%) | 8.1 Aug 2024 | monthly | Sep 1992 - Aug 2024 |
| Bangladesh (%) | 10.2 Aug 2024 | monthly | Jul 1988 - Aug 2024 |
| Belarus (%) | 17.4 Jun 2024 | monthly | Dec 2007 - Jun 2024 |
| Belgium (%) | -0.3 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Bolivia (%) | 6.3 Oct 2023 | monthly | Dec 2002 - Oct 2023 |
| Bosnia and Herzegovina (%) | 10.4 Aug 2024 | monthly | Aug 1998 - Aug 2024 |
| Botswana (%) | 29.7 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Brazil (%) | 14.4 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Brunei (%) | 37.1 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Bulgaria (%) | 24.5 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
| Cambodia (%) | 3.4 Jul 2024 | monthly | Dec 1995 - Jul 2024 |
| Canada (%) | 2.5 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Chile (%) | 4.6 Jul 2024 | monthly | Dec 1979 - Jul 2024 |
| China (%) | 8.8 May 2024 | monthly | Jun 2000 - May 2024 |
| Colombia (%) | 6.3 Jun 2024 | monthly | Jan 1994 - Jun 2024 |
| Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
| Cyprus (%) | -2.9 Aug 2024 | monthly | Nov 2006 - Aug 2024 |
| Czech Republic (%) | 7.3 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Denmark (%) | -4.7 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Ecuador (%) | 5.5 Aug 2024 | monthly | Jan 2007 - Aug 2024 |
| Egypt (%) | 26.1 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Estonia (%) | 3.6 Jul 2024 | monthly | Jun 1993 - Jul 2024 |
| European Union (%) | -1.4 Jul 2024 | monthly | Sep 1998 - Jul 2024 |
| Finland (%) | -4.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| France (%) | 1.9 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Georgia (%) | 21.6 Aug 2024 | monthly | Oct 1996 - Aug 2024 |
| Germany (%) | -7.5 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Ghana (%) | -5.2 Apr 2024 | monthly | Jan 1968 - Apr 2024 |
| Greece (%) | 2.4 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Hong Kong SAR, China (%) | -2.3 May 2024 | monthly | Dec 1991 - May 2024 |
| Hungary (%) | 3.2 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
| Iceland (%) | 7.2 Jul 2024 | monthly | Sep 1994 - Jul 2024 |
| India (%) | 10.9 Jul 2024 | monthly | Mar 2000 - Jul 2024 |
| Indonesia (%) | 9.9 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
| Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
| Ireland (%) | -2.7 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Israel (%) | 9.4 Jul 2024 | monthly | Dec 2000 - Jul 2024 |
| Italy (%) | 1.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Ivory Coast (%) | 2.7 Jul 2024 | monthly | Jan 1965 - Jul 2024 |
| Japan (%) | 1.6 Jul 2024 | monthly | Apr 2004 - Jul 2024 |
| Jordan (%) | 3.0 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Kazakhstan (%) | 18.7 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Kenya (%) | 5.3 Jun 2024 | monthly | Dec 1996 - Jun 2024 |
| South Korea (%) | 5.7 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Kosovo (%) | 14.8 Aug 2024 | monthly | Nov 2008 - Aug 2024 |
| Kuwait (%) | 3.1 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Kyrgyzstan (%) | 22.4 Aug 2024 | monthly | Dec 2003 - Aug 2024 |
| Laos (%) | 29.9 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
| Latvia (%) | 3.1 Jul 2024 | monthly | Jul 2004 - Jul 2024 |
| Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
| Lithuania (%) | 3.6 Jul 2024 | monthly | Dec 1994 - Jul 2024 |
| Luxembourg (%) | 1.2 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Macau SAR, China (%) | -3.1 Jul 2024 | monthly | Jun 1985 - Jul 2024 |
| North Macedonia (%) | 7.3 Aug 2024 | monthly | Jan 2004 - Aug 2024 |
| Malawi (%) | 47.7 Jul 2024 | monthly | Jan 1976 - Jul 2024 |
| Malaysia (%) | 6.0 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
| Malta (%) | 8.0 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| Mauritius (%) | 11.6 Aug 2024 | monthly | Jun 2006 - Aug 2024 |
| Mexico (%) | 12.5 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Moldova (%) | 11.5 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Mongolia (%) | 23.9 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
| Montenegro (%) | -0.8 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Morocco (%) | 5.4 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Mozambique (%) | 7.8 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
| Nepal (%) | 6.6 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Netherlands (%) | -4.5 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| New Zealand (%) | 1.0 Aug 2024 | monthly | Mar 1989 - Aug 2024 |
| Nigeria (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Norway (%) | 3.5 Aug 2024 | monthly | Dec 1986 - Aug 2024 |
| Oman (%) | 4.5 Jul 2024 | monthly | Dec 2000 - Jul 2024 |
| Pakistan (%) | 22.4 Aug 2024 | monthly | Jun 2009 - Aug 2024 |
| Palestinian Territory (%) | 5.3 Aug 2024 | monthly | Dec 1999 - Aug 2024 |
| Panama (%) | 5.0 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Paraguay (%) | 14.0 Apr 2024 | monthly | Dec 2002 - Apr 2024 |
| Peru (%) | 17.5 Jul 2024 | monthly | Jan 1993 - Jul 2024 |
| Philippines (%) | 11.3 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Poland (%) | 4.7 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Qatar (%) | 4.4 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| Romania (%) | 11.9 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Russia (%) | 21.3 Aug 2024 | monthly | Dec 2001 - Aug 2024 |
| Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
| Serbia (%) | 4.5 Aug 2024 | monthly | Dec 2004 - Aug 2024 |
| Singapore (%) | 2.1 Aug 2024 | monthly | Mar 2005 - Aug 2024 |
| Slovakia (%) | 2.3 Jul 2024 | monthly | Jan 2007 - Jul 2024 |
| Slovenia (%) | 3.3 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| South Africa (%) | 7.8 Aug 2024 | monthly | Mar 1966 - Aug 2024 |
| Spain (%) | -2.1 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Sri Lanka (%) | -35.5 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
| Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Sweden (%) | -5.8 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Switzerland (%) | 1.8 Aug 2024 | monthly | Dec 1988 - Aug 2024 |
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Learn more about what we doGhana Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.5 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -305.529 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
| Tax Revenue (USD mn) | 776.284 Jun 2024 | monthly | Jan 2008 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 13.9 Jun 2022 | quarterly | Mar 2008 - Jun 2022 |
| Government Debt: % of GDP (%) | 70.7 2022 | yearly | 2006 - 2022 |
| Forecast: Government Expenditure (GHS bn) | 422.653 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (GHS bn) | 1,247.210 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (GHS bn) | 355.914 2029 | yearly | 1982 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 406.2 Jun 2024 | monthly | Mar 2005 - Jun 2024 |
| Total Exports (USD mn) | 1,664.5 Jun 2024 | monthly | Jan 2010 - Jun 2024 |
| Total Exports Growth (%) | 36.5 Jun 2024 | monthly | Jan 2011 - Jun 2024 |
| Aluminum: Exports (USD th) | 93,636.897 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 7,139.214 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,273.109 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 1,258.4 Jun 2024 | monthly | Mar 2005 - Jun 2024 |
| Total Imports Growth (%) | -6.1 Jun 2024 | monthly | Mar 2006 - Jun 2024 |
| Imports: Medicament (USD th) | 204,070.187 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 67,696.289 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 25.621 Jun 2024 | monthly | Feb 1985 - Jun 2024 |
| Total Imports from USA (USD mn) | 69.799 Jun 2024 | monthly | Jun 1995 - Jun 2024 |
| Total Exports to China (USD mn) | 81.992 Jun 2024 | monthly | May 1995 - Jun 2024 |
| Total Imports from China (USD mn) | 276.206 Jun 2024 | monthly | Jun 1986 - Jun 2024 |
| Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 24.3 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Non-Performing Loans (USD mn) | 1,397.674 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 10,251.243 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| Money Supply M2 (USD mn) | 15,608.260 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
| M2 Growth (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.820 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.5 Dec 2023 | monthly | Mar 2005 - Dec 2023 |
| Gold Reserves (Metric Ton) | 1,000.000 2023 | yearly | 2008 - 2023 |
| Total Deposits (USD mn) | 17,864.204 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
| Total Deposits Growth (%) | 26.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Domestic Credit (USD mn) | 18,587.4 Apr 2024 | monthly | Jan 1967 - Apr 2024 |
| Domestic Credit Growth (%) | -5.2 Apr 2024 | monthly | Jan 1968 - Apr 2024 |
| Total Loans (USD mn) | 5,688.879 Jul 2024 | monthly | Jan 1999 - Jul 2024 |
| Total Loans Growth (%) | 15.66 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 8.63 Mar 2024 | quarterly | Dec 2013 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 14.4 Aug 2024 | monthly | Dec 2013 - Aug 2024 |
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