Ghana M2 Growth

1991 - 2020 | Quarterly | % | CEIC Data

Key information about Ghana M2 Growth

  • Ghana Money Supply M2 increased 35.1 % YoY in Dec 2020, compared with a growth of 30.7 % in the previous quarter
  • Ghana Money Supply M2 growth data is updated quarterly, available from Mar 1991 to Dec 2020
  • The data reached an all-time high of 59.2 % in Dec 1992 and a record low of 12.7 % in Mar 2020
CEIC calculates quarterly M2 Growth Rate from quarterly M2. Тhe Bank of Ghana provides M2 in local currency

View Ghana's M2 Growth from Mar 1991 to Dec 2020 in the chart:

Ghana M2 Growth

What was Ghana's M2 Growth in Dec 2020?

Ghana Money Supply M2 increased 35.1 % YoY in Dec 2020, compared with a growth of 30.7 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
35.1 Dec 2020 30.7 Sep 2020 12.7 Mar 2020 59.2 Dec 1992 % quarterly Mar 1991 - Dec 2020

M2 Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 8.5 Aug 2021 monthly Dec 1994 - Aug 2021
Algeria (%) -0.8 Dec 2019 monthly Jan 2002 - Dec 2019
Argentina (%) 42.8 Sep 2021 monthly Jan 1991 - Sep 2021
Armenia (%) 11.7 Aug 2021 monthly Jan 2003 - Aug 2021
Australia (%) 7.8 Sep 2021 monthly Mar 1966 - Sep 2021
Austria (%) 6.1 Sep 2021 monthly Sep 1998 - Sep 2021
Azerbaijan (%) 21.6 Sep 2021 monthly Dec 1996 - Sep 2021
Bahrain (%) 4.8 Sep 2021 monthly Dec 1975 - Sep 2021
Bangladesh (%) 11.2 Sep 2021 monthly Jun 1987 - Sep 2021
Belarus (%) 18.0 Oct 2021 monthly Dec 1990 - Oct 2021
Belgium (%) 5.2 Sep 2021 monthly Dec 1997 - Sep 2021
Bolivia (%) 6.6 Sep 2021 monthly Dec 1988 - Sep 2021
Bosnia and Herzegovina (%) 11.9 Sep 2021 monthly Aug 1998 - Sep 2021
Botswana (%) 3.8 Jun 2021 monthly Jan 2002 - Jun 2021
Brazil (%) 7.8 Sep 2021 monthly Jan 1971 - Sep 2021
Bulgaria (%) 13.3 Sep 2021 monthly Dec 1996 - Sep 2021
Cambodia (%) 15.7 Jul 2021 monthly Jan 1996 - Jul 2021
Canada (%) 10.9 Aug 2021 monthly Jan 1969 - Aug 2021
Chile (%) 10.5 Oct 2021 monthly Jan 1987 - Oct 2021
China (%) 8.7 Oct 2021 monthly Mar 1997 - Oct 2021
Colombia (%) 8.1 Oct 2021 monthly Dec 1980 - Oct 2021
Croatia (%) 13.4 Aug 2021 monthly Dec 2002 - Aug 2021
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 8.3 Sep 2021 monthly Jan 2003 - Sep 2021
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 10.9 Sep 2021 monthly Dec 2007 - Sep 2021
Egypt (%) 17.2 Sep 2021 monthly Jan 1997 - Sep 2021
Estonia (%) 23.2 Sep 2021 monthly Jan 2012 - Sep 2021
European Union (%) 7.8 Aug 2021 monthly Jan 1981 - Aug 2021
Finland (%) 5.0 Sep 2021 monthly Jan 1981 - Sep 2021
France (%) 6.9 Sep 2021 monthly Dec 1978 - Sep 2021
Georgia (%) 16.4 Sep 2021 monthly Oct 1996 - Sep 2021
Germany (%) 6.1 Sep 2021 monthly Jan 1970 - Sep 2021
Ghana (%) 35.1 Dec 2020 quarterly Mar 1991 - Dec 2020
Greece (%) 12.2 Sep 2021 monthly Jan 2002 - Sep 2021
Hong Kong SAR, China (%) 1.4 Sep 2021 monthly Dec 1981 - Sep 2021
Hungary (%) 15.5 Sep 2021 monthly Jan 1999 - Sep 2021
Iceland (%) 10.9 Aug 2021 monthly Sep 1987 - Aug 2021
India (%) 12.5 Oct 2021 monthly Mar 1995 - Oct 2021
Indonesia (%) 8.2 Sep 2021 monthly Feb 1969 - Sep 2021
Iran (%) 40.5 Sep 2021 monthly Dec 2000 - Sep 2021
Ireland (%) 14.1 Sep 2021 monthly Jan 2000 - Sep 2021
Israel (%) 18.6 Aug 2021 monthly Apr 1982 - Aug 2021
Italy (%) 8.1 Sep 2021 monthly Dec 1975 - Sep 2021
Ivory Coast (%) 22.1 Feb 2021 monthly Jan 2005 - Feb 2021
Japan (%) 4.2 Oct 2021 monthly Jan 1968 - Oct 2021
Jordan (%) 6.1 Sep 2021 monthly Jan 1991 - Sep 2021
Kazakhstan (%) 22.8 Sep 2021 monthly Dec 1994 - Sep 2021
Kenya (%) 7.2 Sep 2021 monthly Dec 1996 - Sep 2021
South Korea (%) 10.4 Feb 2021 monthly Jan 1971 - Feb 2021
Kosovo (%) 12.6 2019 yearly 2002 - 2019
Kuwait (%) -2.9 Sep 2021 monthly Jan 1995 - Sep 2021
Kyrgyzstan (%) 11.7 Sep 2021 monthly Jan 1995 - Sep 2021
Laos (%) 16.1 Jun 2021 quarterly Dec 2000 - Jun 2021
Latvia (%) 10.6 Sep 2021 monthly Jan 2015 - Sep 2021
Lebanon (%) 24.0 Aug 2021 monthly Dec 1980 - Aug 2021
Lithuania (%) 26.2 Mar 2021 monthly Dec 1994 - Mar 2021
Luxembourg (%) 22.3 Sep 2021 monthly Jan 2000 - Sep 2021
Macau SAR, China (%) -0.3 Sep 2021 monthly Jun 1985 - Sep 2021
North Macedonia (%) 11.1 Sep 2021 monthly Jan 2004 - Sep 2021
Malawi (%) 18.7 Dec 2020 monthly Jan 1976 - Dec 2020
Malaysia (%) 4.6 Sep 2021 monthly Dec 1970 - Sep 2021
Malta (%) 10.1 Sep 2021 monthly Jan 2009 - Sep 2021
Mauritius (%) 18.7 Sep 2021 monthly Jul 1977 - Sep 2021
Mexico (%) 6.2 Sep 2021 monthly Dec 1986 - Sep 2021
Moldova (%) 18.6 Sep 2021 monthly Jan 2001 - Sep 2021
Mongolia (%) 20.4 Sep 2021 monthly Dec 1997 - Sep 2021
Montenegro (%) -1.7 2019 yearly 2003 - 2019
Morocco (%) 6.1 Sep 2021 monthly Jan 1986 - Sep 2021
Mozambique (%) 22.8 Jan 2021 monthly Dec 2002 - Jan 2021
Myanmar (%) 18.2 Dec 2020 quarterly Dec 2002 - Dec 2020
Nepal (%) 20.9 Sep 2021 monthly Jan 2002 - Sep 2021
Netherlands (%) 6.9 Sep 2021 monthly Dec 1957 - Sep 2021
New Zealand (%) 5.3 Sep 2021 monthly Mar 1989 - Sep 2021
Nigeria (%) 15.6 Sep 2021 monthly Nov 1993 - Sep 2021
Norway (%) 10.2 Sep 2021 monthly Dec 1993 - Sep 2021
Oman (%) 3.5 Sep 2021 monthly Jan 2000 - Sep 2021
Pakistan (%) 15.5 Sep 2021 monthly Jan 1989 - Sep 2021
Palestinian Territory (%) 3.2 Jan 2019 monthly Jul 2003 - Jan 2019
Panama (%) -15.3 Aug 2021 monthly Dec 2003 - Aug 2021
Paraguay (%) 10.2 Sep 2021 monthly Dec 1989 - Sep 2021
Peru (%) 27.0 Mar 2021 monthly Jan 1993 - Mar 2021
Philippines (%) 9.1 Sep 2021 monthly Dec 1989 - Sep 2021
Poland (%) 8.7 Sep 2021 monthly Dec 1997 - Sep 2021
Portugal (%) 12.0 Sep 2021 monthly Dec 1980 - Sep 2021
Qatar (%) 4.2 Sep 2021 monthly Jan 1983 - Sep 2021
Romania (%) 16.2 Sep 2021 monthly Dec 2002 - Sep 2021
Russia (%) 8.2 Sep 2021 monthly Dec 1992 - Sep 2021
Saudi Arabia (%) 5.7 Sep 2021 monthly Jan 1994 - Sep 2021
Serbia (%) 13.6 Sep 2021 monthly Aug 2002 - Sep 2021
Singapore (%) 2.9 Jun 2021 monthly Mar 2005 - Jun 2021
Slovakia (%) 6.7 Sep 2021 monthly Dec 2001 - Sep 2021
Slovenia (%) 10.1 Sep 2021 monthly Jan 2008 - Sep 2021
South Africa (%) 4.8 Sep 2021 monthly Mar 1966 - Sep 2021
Spain (%) 6.6 Sep 2021 monthly Jan 1963 - Sep 2021
Sri Lanka (%) 17.7 Sep 2021 monthly Jan 1995 - Sep 2021
Sudan (%) 217.3 Aug 2021 monthly Dec 2004 - Aug 2021
Sweden (%) 13.1 Sep 2021 monthly Jan 1999 - Sep 2021
Switzerland (%) 6.0 Mar 2021 monthly Dec 1985 - Mar 2021

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Ghana Key Series

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Includes 120 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) 182.783 2026 yearly 1980 - 2026
Forecast: Government Net Debt (GHS bn) 698.383 2026 yearly 1990 - 2026
Forecast: Government Revenue (GHS bn) 117.051 2026 yearly 1982 - 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.681 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) 78,981.621 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 5,111.213 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 221.031 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) 188,339.959 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 63,163.099 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) -4.493 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
GH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 118.000 2019 yearly 2019 - 2019

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