Ghana: Financial development

* indicates monthly or quarterly data series
 Ghana

Financial development

 Latest value 0.178
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.124
 Min - Max 0.070 - 0.178
 Source International Monetary Fund
The latest value from 2021 is 0.178 index points, an increase from 0.166 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Ghana from 1980 to 2021 is 0.124 index points. The minimum value, 0.07 index points, was reached in 1983 while the maximum of 0.178 index points was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Ghana - Financial development - Recent values chart

Historical series
Ghana - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Financial development 0.178 2021 index points
 Financial institutions development 0.246 2021 index points
 Financial institutions development, depth 0.090 2021 index points
 Financial institutions development, access 0.185 2021 index points
 Financial institutions development, efficiency 0.469 2021 index points
 Financial markets development 0.104 2021 index points
 Financial markets development, depth 0.081 2021 index points
 Financial markets development, access 0.226 2021 index points
 Financial markets development, efficiency 0.004 2021 index points
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