Ghana Foreign Exchange Reserves: % of GDP

2006 - 2023 | Quarterly | % | CEIC Data

Key information about Ghana Foreign Exchange Reserves: % of GDP

  • Ghana Foreign Exchange Reserves: % of GDP was reported at 3.623 % in Dec 2023
  • This records an increase from the previous number of 3.209 % for Sep 2023
  • Ghana Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 7.466 % from Dec 2006 to Dec 2023, with 69 observations
  • The data reached an all-time high of 13.157 % in Jun 2021 and a record low of 3.209 % in Sep 2023
  • Ghana Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. International Monetary Fund provides Foreign Exchange Reserves in USD. Ghana Statistical Service provides Nominal GDP in local currency, based on SNA 2008. The Bank of Ghana average market exchange rate is used for currency conversions.

View Ghana's Foreign Exchange Reserves: % of GDP from Dec 2006 to Dec 2023 in the chart:

Ghana Foreign Exchange Reserves: % of GDP

What was Ghana's Foreign Exchange Reserves: % of GDP in Dec 2023?

Ghana Foreign Exchange Reserves: % of GDP was reported at 3.623 % in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.623 Dec 2023 3.209 Sep 2023 3.209 Sep 2023 13.157 Jun 2021 % quarterly Dec 2006 - Dec 2023

Foreign Exchange Reserves: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 25.234 Jun 2025 quarterly Dec 1995 - Jun 2025
Algeria (%) 20.152 Jun 2025 quarterly Dec 1999 - Jun 2025
Argentina (%) 4.697 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 15.307 Sep 2025 quarterly Dec 2013 - Sep 2025
Australia (%) 2.201 Jun 2025 quarterly Sep 1969 - Jun 2025
Austria (%) 0.740 Jun 2025 quarterly Dec 1995 - Jun 2025
Azerbaijan (%) 16.272 Jun 2025 quarterly Dec 2001 - Jun 2025
Bahrain (%) 7.985 Jun 2025 quarterly Dec 2007 - Jun 2025
Bangladesh (%) 4.000 Nov 2025 monthly Oct 1999 - Nov 2025
Belarus (%) 5.403 Jun 2025 quarterly Dec 2009 - Jun 2025
Belgium (%) 0.911 Sep 2025 quarterly Mar 1999 - Sep 2025
Bolivia (%) 0.100 Dec 2024 quarterly Mar 1999 - Dec 2024
Bosnia and Herzegovina (%) 30.127 Jun 2025 quarterly Dec 2008 - Jun 2025
Botswana (%) 17.335 Jun 2025 quarterly Jun 1994 - Jun 2025
Brazil (%) 14.379 Sep 2025 quarterly Dec 2000 - Sep 2025
Brunei (%) 5.000 Oct 2025 monthly Jan 2006 - Oct 2025
Bulgaria (%) 34.273 Sep 2025 quarterly Sep 2003 - Sep 2025
Cambodia (%) 7.000 Nov 2025 monthly Jan 2008 - Nov 2025
Canada (%) 4.225 Sep 2025 quarterly Jun 1999 - Sep 2025
Chile (%) 12.505 Sep 2025 quarterly Dec 1996 - Sep 2025
China (%) 6.200 Nov 2025 monthly Jan 1985 - Nov 2025
Colombia (%) 14.741 Sep 2025 quarterly Dec 2000 - Sep 2025
Croatia (%) 39.884 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 0.679 Sep 2025 quarterly Mar 2002 - Sep 2025
Czech Republic (%) 42.386 Sep 2025 quarterly Mar 2000 - Sep 2025
Denmark (%) 19.968 Sep 2025 quarterly Mar 2002 - Sep 2025
Ecuador (%) 4.342 Jun 2025 quarterly Dec 2000 - Jun 2025
Egypt (%) 8.890 Jun 2025 quarterly Dec 2004 - Jun 2025
Estonia (%) 3.955 Sep 2025 quarterly Sep 2002 - Sep 2025
European Union (%) 1.750 Jun 2025 quarterly Dec 1999 - Jun 2025
Finland (%) 3.176 Sep 2025 quarterly Mar 2000 - Sep 2025
France (%) 0.961 Sep 2025 quarterly Mar 2004 - Sep 2025
Georgia (%) 9.672 Jun 2025 quarterly Dec 1996 - Jun 2025
Germany (%) 0.704 Sep 2025 quarterly Dec 1991 - Sep 2025
Ghana (%) 3.623 Dec 2023 quarterly Dec 2006 - Dec 2023
Greece (%) 1.369 Jun 2025 quarterly Mar 2004 - Jun 2025
Hong Kong SAR, China (%) 99.623 Sep 2025 quarterly Jun 2000 - Sep 2025
Hungary (%) 17.985 Jun 2025 quarterly Mar 2006 - Jun 2025
Iceland (%) 16.611 Sep 2025 quarterly Dec 2000 - Sep 2025
India (%) 3.000 Nov 2025 monthly Sep 1962 - Nov 2025
Indonesia (%) 9.000 Nov 2025 monthly Jan 1997 - Nov 2025
Ireland (%) 0.659 Jun 2025 quarterly Mar 1999 - Jun 2025
Israel (%) 38.890 Sep 2025 quarterly Dec 2001 - Sep 2025
Italy (%) 2.104 Sep 2025 quarterly Dec 1999 - Sep 2025
Ivory Coast (%) 0.005 Mar 2023 quarterly Dec 1997 - Mar 2023
Japan (%) 0.840 Sep 2025 monthly Oct 1980 - Sep 2025
Jordan (%) 26.562 Jun 2025 quarterly Dec 1992 - Jun 2025
Kazakhstan (%) 5.861 Jun 2025 quarterly Dec 2002 - Jun 2025
Kenya (%) 8.977 Jun 2025 quarterly Dec 2009 - Jun 2025
South Korea (%) 7.000 Nov 2025 monthly Nov 1979 - Nov 2025
Kosovo (%) 12.631 Jun 2025 quarterly Dec 2010 - Jun 2025
Kuwait (%) 26.539 Jun 2025 quarterly Dec 2010 - Jun 2025
Kyrgyzstan (%) 11.239 Sep 2025 quarterly Dec 2000 - Sep 2025
Laos (%) 8.000 Nov 2025 monthly Jan 2002 - Nov 2025
Latvia (%) 8.989 Sep 2025 quarterly Mar 1997 - Sep 2025
Lebanon (%) 7.448 2023 yearly 2004 - 2023
Lithuania (%) 5.351 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 0.045 Jun 2025 quarterly Mar 1999 - Jun 2025
Macau SAR, China (%) 58.945 Sep 2025 quarterly Dec 2001 - Sep 2025
North Macedonia (%) 25.584 Jun 2025 quarterly Dec 2000 - Jun 2025
Malawi (%) 7.753 2019 yearly 2002 - 2019
Malaysia (%) 1.000 Nov 2025 monthly Jan 1959 - Nov 2025
Malta (%) 4.034 Sep 2025 quarterly Dec 1995 - Sep 2025
Mauritius (%) 52.267 Jun 2025 quarterly Dec 2006 - Jun 2025
Mexico (%) 12.673 Sep 2025 quarterly Mar 2000 - Sep 2025
Moldova (%) 26.930 Jun 2025 quarterly Mar 2000 - Jun 2025
Mongolia (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
Montenegro (%) 19.539 Jun 2025 quarterly Dec 2006 - Jun 2025
Morocco (%) 22.085 Jun 2025 quarterly Dec 2007 - Jun 2025
Mozambique (%) 16.441 2024 yearly 1984 - 2024
Myanmar (%) 3.750 Nov 2025 monthly May 2011 - Nov 2025
Nepal (%) 4.000 Sep 2025 monthly Jul 2003 - Sep 2025
Netherlands (%) 0.684 Sep 2025 quarterly Sep 1999 - Sep 2025
New Zealand (%) 9.190 Jun 2025 quarterly Sep 2005 - Jun 2025
Nigeria (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Norway (%) 14.767 Sep 2025 quarterly Mar 1999 - Sep 2025
Oman (%) 15.648 Jun 2025 quarterly Dec 2005 - Jun 2025
Pakistan (%) 5.000 Nov 2025 monthly Jul 2006 - Nov 2025
Palestinian Territory (%) 19.920 Jun 2025 quarterly Mar 2006 - Jun 2025
Panama (%) 4.744 Jun 2025 quarterly Dec 2007 - Jun 2025
Paraguay (%) 19.717 Jun 2025 quarterly Dec 1994 - Jun 2025
Peru (%) 24.077 Sep 2025 quarterly Dec 1990 - Sep 2025
Philippines (%) 5.000 Nov 2025 monthly May 1986 - Nov 2025
Poland (%) 19.371 Sep 2025 quarterly Mar 1998 - Sep 2025
Portugal (%) 1.978 Sep 2025 quarterly Dec 1999 - Sep 2025
Qatar (%) 18.731 Jun 2025 quarterly Dec 2010 - Jun 2025
Romania (%) 15.133 Jun 2025 quarterly Jun 2005 - Jun 2025
Russia (%) 17.967 Jun 2025 quarterly Dec 2011 - Jun 2025
Saudi Arabia (%) 34.661 Jun 2025 quarterly Dec 2003 - Jun 2025
Serbia (%) 27.055 Sep 2025 quarterly Mar 2004 - Sep 2025
Singapore (%) 66.529 Sep 2025 quarterly Jun 2000 - Sep 2025
Slovakia (%) 7.375 Jun 2025 quarterly Dec 1999 - Jun 2025
Slovenia (%) 1.888 Jun 2025 quarterly Dec 1995 - Jun 2025
South Africa (%) 11.336 Sep 2025 quarterly Mar 2001 - Sep 2025
Spain (%) 3.470 Sep 2025 quarterly Dec 1995 - Sep 2025
Sri Lanka (%) 2.000 Nov 2025 monthly Mar 1997 - Nov 2025
Sudan (%) 0.000 2017 yearly 1960 - 2017
Sweden (%) 7.102 Sep 2025 quarterly Mar 2000 - Sep 2025
Switzerland (%) 89.325 Sep 2025 quarterly Mar 2006 - Sep 2025
Syria (%) 31.149 2010 yearly 1990 - 2010

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Ghana Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.5 Jun 2025 quarterly Dec 2008 - Jun 2025
Consolidated Fiscal Balance (USD mn) -386.239 Jul 2025 monthly Jan 2008 - Jul 2025
Tax Revenue (USD mn) 1,324.882 Jul 2025 monthly Jan 2008 - Jul 2025
Tax Revenue: % of GDP (%) 15.1 Jun 2025 quarterly Mar 2008 - Jun 2025
Government Debt: % of GDP (%) 61.8 2024 yearly 2006 - 2024
Forecast: Government Expenditure (GHS bn) 515.173 2030 yearly 1980 - 2030
Forecast: Government Net Debt (GHS bn) 1,249.811 2030 yearly 1990 - 2030
Forecast: Government Revenue (GHS bn) 449.164 2030 yearly 1982 - 2030
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.394 2028 yearly 1980 - 2028
Trade Balance (USD mn) 49.0 Aug 2025 monthly Mar 2005 - Aug 2025
Total Exports (USD mn) 1,909.0 Aug 2025 monthly Jan 2010 - Aug 2025
Total Exports Growth (%) 9.9 Aug 2025 monthly Jan 2011 - Aug 2025
Aluminum: Exports (USD th) 89,599.170 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 14,051.656 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 627.649 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,859.9 Aug 2025 monthly Mar 2005 - Aug 2025
Total Imports Growth (%) 53.5 Aug 2025 monthly Mar 2006 - Aug 2025
Imports: Medicament (USD th) 219,248.874 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 133,353.690 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 32.828 Jul 2025 monthly Feb 1985 - Jul 2025
Total Imports from USA (USD mn) 109.566 Jul 2025 monthly Jun 1995 - Jul 2025
Total Exports to China (USD mn) 212.147 Jul 2025 monthly May 1995 - Jul 2025
Total Imports from China (USD mn) 321.288 Jul 2025 monthly Jun 1986 - Jul 2025
Import Value Index (2015=100) 101.215 2021 yearly 1980 - 2021
Export Value Index (2015=100) 142.693 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 97.296 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 84.815 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -10.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Current Account Balance (USD mn) 1,120.0 Jun 2025 quarterly Mar 2003 - Jun 2025
Current Account Balance: % of GDP (%) 4.4 Jun 2025 quarterly Mar 2006 - Jun 2025
Foreign Direct Investment (USD mn) 524.9 Jun 2025 quarterly Mar 2011 - Jun 2025
Foreign Direct Investment: % of GDP (%) 2.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Foreign Portfolio Investment (USD mn) -61.216 Jun 2025 quarterly Mar 2011 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) -0.2 Jun 2025 quarterly Mar 2011 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -53.3 2024 yearly 1975 - 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -49.184 Jun 2025 quarterly Mar 2011 - Jun 2025
External Debt (USD mn) 29,110.3 Jun 2025 monthly Jan 2012 - Jun 2025
External Debt: % of GDP (%) 34.4 2024 yearly 1999 - 2024
Forecast: Current Account Balance (USD bn) 0.197 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -27,118.991 2024 yearly 2006 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 19.5 Oct 2025 monthly Dec 2005 - Oct 2025
Non-Performing Loans (USD mn) 2,008.748 Jun 2025 quarterly Mar 2008 - Jun 2025
Money Supply M1 (USD mn) 16,642.008 Jun 2025 quarterly Mar 1990 - Jun 2025
Money Supply M2 (USD mn) 25,721.726 Jun 2025 quarterly Mar 1990 - Jun 2025
M2 Growth (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Foreign Exchange Reserves (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 3.623 Dec 2023 quarterly Dec 2006 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
Gold Reserves (Metric Ton) 1,000.000 2024 yearly 2008 - 2024
Total Deposits (USD mn) 24,675.872 Sep 2025 monthly Jan 1999 - Sep 2025
Total Deposits Growth (%) 15.6 Sep 2025 monthly Jan 2000 - Sep 2025
Domestic Credit (USD mn) 22,480.6 May 2025 monthly Jan 1967 - May 2025
Domestic Credit Growth (%) -9.1 May 2025 monthly Jan 1968 - May 2025
Total Loans (USD mn) 8,145.191 Sep 2025 monthly Jan 1999 - Sep 2025
Total Loans Growth (%) 10.52 Sep 2025 monthly Jan 2000 - Sep 2025
Private Debt: % of Nominal GDP (%) 6.78 Mar 2025 quarterly Dec 2006 - Mar 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (%) 14.8 Oct 2025 monthly Dec 2013 - Oct 2025

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