Ghana Domestic Credit Growth

1968 - 2020 | Monthly | % | CEIC Data

Ghana Domestic Credit increased 48.7 % YoY in Dec 2020, compared with an increase of 46.8 % YoY in the previous month. Ghana Domestic Credit Growth YoY data is updated monthly. It averaged 31.7 %, available from Jan 1968 to Dec 2020. 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.

In the latest reports, Ghana Domestic Credit reached 23.5 USD bn in Dec 2020. Money Supply M2 in Ghana increased 35.1 % YoY in Dec 2020. Ghana Foreign Exchange Reserves was measured at 6.9 USD bn in Mar 2021. The Foreign Exchange Reserves equaled 6.8 Months of Import in Oct 2020. The country's Non Performing Loans Ratio stood at 15.3 % in Feb 2021, compared with the ratio of 14.7 % in the previous month.

View Ghana's Domestic Credit Growth from Jan 1968 to Dec 2020 in the chart:

Ghana Domestic Credit Growth

What was Ghana's Domestic Credit Growth in Dec 2020?

Last Previous Min Max Unit Frequency Range
48.7 Dec 2020 46.8 Nov 2020 -8.5 Aug 1973 110.4 Aug 1984 % monthly Jan 1968 - Dec 2020

Domestic Credit Growth by Country Comparison

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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 14.8 Aug 2021 monthly Dec 2003 - Aug 2021
Algeria (%) 13.8 Dec 2020 monthly Dec 2002 - Dec 2020
Argentina (%) 24.1 Jul 2018 monthly Jan 1991 - Jul 2018
Armenia (%) 6.6 Jul 2021 monthly Dec 1994 - Jul 2021
Australia (%) 20.5 Jan 2021 monthly Dec 2002 - Jan 2021
Austria (%) 6.5 Jul 2021 monthly Jan 2000 - Jul 2021
Azerbaijan (%) 2.8 Jul 2021 monthly Dec 2002 - Jul 2021
Bahrain (%) 4.0 Aug 2021 monthly Sep 1992 - Aug 2021
Bangladesh (%) 9.3 Aug 2021 monthly Jul 1988 - Aug 2021
Belarus (%) 2.1 Aug 2021 monthly Dec 2007 - Aug 2021
Belgium (%) 4.1 Jul 2021 monthly Jan 2000 - Jul 2021
Bolivia (%) 11.4 Jun 2021 monthly Dec 2002 - Jun 2021
Bosnia and Herzegovina (%) 0.9 Aug 2021 monthly Aug 1998 - Aug 2021
Botswana (%) 43.9 Dec 2020 quarterly Dec 2005 - Dec 2020
Brazil (%) 11.4 Aug 2021 monthly Dec 2002 - Aug 2021
Brunei (%) 2.0 Feb 2021 monthly Jan 2000 - Feb 2021
Bulgaria (%) 8.9 Aug 2021 monthly Dec 1994 - Aug 2021
Cambodia (%) 28.2 Jun 2021 monthly Dec 1995 - Jun 2021
Canada (%) 6.1 Jul 2021 monthly Jan 1970 - Jul 2021
Chile (%) 5.2 Jul 2021 monthly Dec 1979 - Jul 2021
China (%) 8.9 Aug 2021 monthly Jun 2000 - Aug 2021
Colombia (%) 0.3 Jun 2021 monthly Jan 1994 - Jun 2021
Croatia (%) 3.6 Aug 2021 monthly Jun 1995 - Aug 2021
Cyprus (%) -7.3 Aug 2021 monthly Nov 2006 - Aug 2021
Czech Republic (%) 12.5 Aug 2021 monthly Jan 2003 - Aug 2021
Denmark (%) -2.7 Jul 2021 monthly Dec 2002 - Jul 2021
Ecuador (%) 12.7 Aug 2021 monthly Jan 2007 - Aug 2021
Egypt (%) 11.1 Aug 2021 monthly Jan 1997 - Aug 2021
Estonia (%) 8.6 Jul 2021 monthly Jun 1993 - Jul 2021
European Union (%) 3.3 Jul 2021 monthly Sep 1998 - Jul 2021
Finland (%) 0.9 Jul 2021 monthly Jan 2000 - Jul 2021
France (%) 6.1 Jul 2021 monthly Jan 2000 - Jul 2021
Georgia (%) 16.2 Aug 2021 monthly Oct 1996 - Aug 2021
Germany (%) 0.8 Jul 2021 monthly Jan 2000 - Jul 2021
Ghana (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
Greece (%) -0.8 Jul 2021 monthly Jan 2002 - Jul 2021
Hong Kong SAR, China (%) 9.3 Sep 2018 monthly Dec 1991 - Sep 2018
Hungary (%) 20.5 Aug 2021 monthly Jan 1999 - Aug 2021
Iceland (%) 14.1 Aug 2021 monthly Sep 1994 - Aug 2021
India (%) 7.0 Aug 2021 monthly Mar 2000 - Aug 2021
Indonesia (%) 3.8 Aug 2021 monthly Jan 2005 - Aug 2021
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) 5.9 Jul 2021 monthly Jan 2000 - Jul 2021
Israel (%) 10.4 Jul 2021 monthly Dec 2000 - Jul 2021
Italy (%) 1.7 Jul 2021 monthly Jan 2000 - Jul 2021
Ivory Coast (%) 15.7 Jun 2021 monthly Jan 1965 - Jun 2021
Japan (%) 2.8 Jul 2021 monthly Apr 2004 - Jul 2021
Jordan (%) 6.4 Aug 2021 monthly Jan 2003 - Aug 2021
Kazakhstan (%) 17.8 Aug 2021 monthly Dec 2002 - Aug 2021
Kenya (%) 13.2 Aug 2021 monthly Dec 1996 - Aug 2021
South Korea (%) 11.6 Aug 2021 monthly Dec 2002 - Aug 2021
Kosovo (%) 9.0 Aug 2021 monthly Nov 2008 - Aug 2021
Kuwait (%) 5.9 Jul 2021 monthly Jan 1995 - Jul 2021
Kyrgyzstan (%) 14.8 Aug 2021 monthly Dec 2003 - Aug 2021
Laos (%) 4.1 Jun 2021 quarterly Dec 1992 - Jun 2021
Latvia (%) 23.1 Jul 2021 monthly Jul 2004 - Jul 2021
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 18.9 Jul 2021 monthly Dec 1994 - Jul 2021
Luxembourg (%) 0.4 Jul 2021 monthly Jan 2000 - Jul 2021
Macau SAR, China (%) 89.1 Feb 2021 monthly Jun 1985 - Feb 2021
North Macedonia (%) 12.8 Aug 2021 monthly Jan 2004 - Aug 2021
Malawi (%) 45.3 Jul 2021 monthly Jan 1976 - Jul 2021
Malaysia (%) 2.8 Jul 2021 monthly Jan 1988 - Jul 2021
Malta (%) 8.0 Aug 2021 monthly Jan 2009 - Aug 2021
Mauritius (%) 22.7 Aug 2021 monthly Jun 2006 - Aug 2021
Mexico (%) -4.6 Jul 2021 monthly Dec 2002 - Jul 2021
Moldova (%) 22.0 Aug 2021 monthly Jan 2001 - Aug 2021
Mongolia (%) 14.2 Aug 2021 monthly Dec 1993 - Aug 2021
Montenegro (%) -9.1 Aug 2021 monthly Jan 2006 - Aug 2021
Morocco (%) 5.5 Aug 2021 monthly Dec 2002 - Aug 2021
Mozambique (%) 25.7 Feb 2021 monthly Dec 2002 - Feb 2021
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 26.8 Jul 2021 monthly Jan 2002 - Jul 2021
Netherlands (%) 2.2 Jul 2021 monthly Dec 2002 - Jul 2021
New Zealand (%) 4.5 Aug 2021 monthly Mar 1989 - Aug 2021
Nigeria (%) 18.6 Aug 2021 monthly Nov 1993 - Aug 2021
Norway (%) 5.2 Aug 2021 monthly Dec 1986 - Aug 2021
Oman (%) 5.3 Jul 2021 monthly Dec 2000 - Jul 2021
Pakistan (%) 11.0 Aug 2021 monthly Jun 2009 - Aug 2021
Palestinian Territory (%) 8.1 Feb 2021 monthly Dec 1999 - Feb 2021
Panama (%) 0.1 Aug 2021 monthly Dec 2002 - Aug 2021
Paraguay (%) 9.8 Aug 2021 monthly Dec 2002 - Aug 2021
Peru (%) 2.2 Jul 2021 monthly Jan 1993 - Jul 2021
Philippines (%) 6.7 Aug 2021 monthly Dec 2002 - Aug 2021
Poland (%) -0.3 Aug 2021 monthly Dec 1997 - Aug 2021
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 14.6 Aug 2021 monthly Jan 2008 - Aug 2021
Romania (%) 14.5 Aug 2021 monthly Dec 2005 - Aug 2021
Russia (%) 15.6 Aug 2021 monthly Dec 2001 - Aug 2021
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 4.4 Aug 2021 monthly Dec 2004 - Aug 2021
Singapore (%) 3.3 Jun 2021 monthly Mar 2005 - Jun 2021
Slovakia (%) 7.6 Jul 2021 monthly Jan 2007 - Jul 2021
Slovenia (%) 7.1 Jul 2021 monthly Jan 2005 - Jul 2021
South Africa (%) 1.3 Aug 2021 monthly Mar 1966 - Aug 2021
Spain (%) 2.1 Jul 2021 monthly Jan 2000 - Jul 2021
Sri Lanka (%) 26.5 Aug 2021 monthly Jan 1997 - Aug 2021
Sudan (%) 68.1 Dec 2020 quarterly Mar 2003 - Dec 2020
Sweden (%) -2.3 Jul 2021 monthly Dec 2002 - Jul 2021
Switzerland (%) 2.9 Aug 2021 monthly Dec 1988 - Aug 2021

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Ghana Key Series

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Includes 119 key indicators for Ghana, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
Consolidated Fiscal Balance (USD mn) -1,074.460 Jun 2020 monthly Jan 2008 - Jun 2020
Tax Revenue (USD mn) 458.822 Jun 2020 monthly Jan 2008 - Jun 2020
Tax Revenue: % of GDP (%) 9.8 Jun 2020 quarterly Mar 2008 - Jun 2020
Government Debt: % of GDP (%) 76.1 2020 yearly 2006 - 2020
Forecast: Government Expenditure (GHS bn) 176.019 2026 yearly 1980 - 2026
Forecast: Government Net Debt (GHS bn) 680.561 2026 yearly 1990 - 2026
Forecast: Government Revenue (GHS bn) 122.228 2026 yearly 1982 - 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.279 2026 yearly 1980 - 2026
Trade Balance (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
Total Exports (USD mn) 1,298.2 Dec 2020 monthly Mar 2005 - Dec 2020
Total Exports Growth (%) -7.6 Dec 2020 monthly Mar 2006 - Dec 2020
Aluminum: Exports (USD th) 78,941.724 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 5,104.971 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 194.656 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,164.3 Mar 2021 monthly Mar 2005 - Mar 2021
Total Imports Growth (%) -7.7 Dec 2020 monthly Mar 2006 - Dec 2020
Imports: Medicament (USD th) 193,659.988 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 65,505.488 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 90.887 Oct 2020 monthly Feb 1985 - Oct 2020
Total Imports from USA (USD mn) 76.976 Jan 2021 monthly Jun 1995 - Jan 2021
Total Exports to China (USD mn) 486.328 Feb 2021 monthly May 1995 - Feb 2021
Total Imports from China (USD mn) 151.945 Feb 2021 monthly Jun 1986 - Feb 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2.8 Dec 2019 quarterly Mar 2011 - Dec 2019
Current Account Balance (USD mn) -709.3 Sep 2020 quarterly Mar 2005 - Sep 2020
Current Account Balance: % of GDP (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
Foreign Direct Investment (USD mn) 838.4 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Direct Investment: % of GDP (%) 5.0 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2019 quarterly Mar 2011 - Dec 2019
Foreign Portfolio Investment: Equity Securities (USD mn) 18.1 2010 yearly 1975 - 2010
Foreign Portfolio Investment: Debt Securities (USD mn) -26.500 Dec 2019 quarterly Mar 2011 - Dec 2019
External Debt (USD mn) 24,598.8 Mar 2021 monthly Jan 2012 - Mar 2021
External Debt: % of GDP (%) 34.2 2020 yearly 1999 - 2020
Forecast: Current Account Balance (USD bn) -3.960 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -27,311.841 2019 yearly 2006 - 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 15.3 Feb 2021 monthly Dec 2005 - Feb 2021
Non-Performing Loans (USD mn) 1,269.750 Sep 2020 quarterly Mar 2008 - Sep 2020
Money Supply M1 (USD mn) 10,559.734 Dec 2020 quarterly Mar 1990 - Dec 2020
Money Supply M2 (USD mn) 16,404.248 Dec 2020 quarterly Mar 1990 - Dec 2020
M2 Growth (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
Foreign Exchange Reserves (USD mn) 6,884.2 Mar 2021 monthly Jan 1965 - Mar 2021
Foreign Exchange Reserves: % of GDP (%) 9.927 Dec 2020 quarterly Dec 2006 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 6.8 Oct 2020 monthly Mar 2005 - Oct 2020
Gold Reserves (Metric Ton) 1,000.000 2020 yearly 2008 - 2020
Total Deposits (USD mn) 17,706.305 Dec 2020 monthly Dec 2004 - Dec 2020
Total Deposits Growth (%) 25.7 Dec 2020 monthly Dec 2005 - Dec 2020
Domestic Credit (USD mn) 23,472.9 Dec 2020 monthly Jan 1967 - Dec 2020
Domestic Credit Growth (%) 48.7 Dec 2020 monthly Jan 1968 - Dec 2020
Total Loans (USD mn) 8,292.948 Dec 2020 monthly Dec 2011 - Dec 2020
Total Loans Growth (%) 5.60 Mar 2021 monthly Dec 2012 - Mar 2021
Private Debt: % of Nominal GDP (%) 9.93 Dec 2020 quarterly Dec 2013 - Dec 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) -3.5 Feb 2021 monthly Dec 2013 - Feb 2021

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