Ghana: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 58.60
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 64.63
 Min - Max 51.20 - 71.70
 Source The Heritage Foundation
For that indicator, we provide data for Ghana from 1995 to 2024. The average value for Ghana during that period was 64.63 points with a minimum of 51.2 points in 1997 and a maximum of 71.7 points in 2021. The latest value from 2024 is 58.6 points. For comparison, the world average in 2024 based on 174 countries is 67.58 points. 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 values chart
Ghana - Monetary freedom - Recent values chart

Historical chart
Ghana - Monetary freedom - historical chart - 1995-2024

The Monetary Freedom index for Ghana from The Heritage Foundation reflects the stability of prices in Ghana and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 Related indicators Latest value Reference Measure
 Property rights 50 2024 points
 Freedom from corruption 44 2024 points
 Fiscal freedom 3 2024 points
 Business freedom 53 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 58.60 2024 points
 Trade freedom 63 2024 points
 Investment freedom 70 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 56 2024 index points
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