Ghana: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 86.68 billion Ghanaian cedi as of August 2024, an increase compared to the previous value of 84.77 billion Ghanaian cedi. Historically, the average for Ghana from December 2008 to August 2024 is 33.19 billion Ghanaian cedi. The minimum of 4.88 billion Ghanaian cedi was recorded in December 2008, while the maximum of 86.68 billion Ghanaian cedi was reached in August 2024.
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* indicates monthly or quarterly data series
- Measure: billion Ghanaian cedi
- Source: Bank of Ghana
| Recent values | Ghana: Private sector credit, billion currency units |
|---|---|
| 2024 Aug | 86.68 |
| 2024 Jul | 84.77 |
| 2024 Jun | 84.48 |
| 2024 May | 81.29 |
| 2024 Apr | 77.94 |
| 2024 Mar | 77.03 |
| 2024 Feb | 74.79 |
| 2024 Jan | 73.77 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 38.1 | 2023 | percent |
| Exchange rate regimes | 6 | 2022 | index points |
| USD exchange rate | 16.0359 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 294.29 | 8/2024 | billion |
| Consumer Price Index (CPI) | 235.8000 | 9/2024 | index points |
| Inflation, monthly | 2.79 | 9/2024 | percent |
| Inflation, annual | 21.48 | 9/2024 | percent |
| Private sector credit | 86.68 | 8/2024 | billion |
| Deposit interest rate | 11.00 | 8/2024 | percent |