Ghana: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 95.54 billion Ghanaian cedi as of December 2024, a decline compared to the previous value of 95.69 billion Ghanaian cedi. Historically, the average for Ghana from December 2008 to December 2024 is 34.49 billion Ghanaian cedi. The minimum of 4.88 billion Ghanaian cedi was recorded in December 2008, while the maximum of 95.69 billion Ghanaian cedi was reached in November 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 Dec | 95.54 |
| 2024 Nov | 95.69 |
| 2024 Oct | 94.48 |
| 2024 Sep | 91.53 |
| 2024 Aug | 86.68 |
| 2024 Jul | 84.77 |
| 2024 Jun | 84.48 |
| 2024 May | 81.29 |
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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 | 15.3715 | 4/2025 | Local Currency Units per USD |
| Money supply (broad money) | 329.74 | 12/2024 | billion |
| Consumer Price Index (CPI) | 256.5000 | 3/2025 | index points |
| Inflation, monthly | 0.23 | 3/2025 | percent |
| Inflation, annual | 22.43 | 3/2025 | percent |
| Private sector credit | 95.54 | 12/2024 | billion |
| Deposit interest rate | 11.00 | 12/2024 | percent |