Ghana - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Ghana was 10.49 as of 2020. Its highest value over the past 60 years was 15.83 in 2008, while its lowest value was 1.54 in 1983.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 4.57
1961 5.83
1962 6.18
1963 7.58
1964 6.96
1965 8.52
1966 8.45
1967 7.57
1968 8.66
1969 9.21
1970 8.25
1971 12.58
1972 10.06
1973 5.34
1974 5.68
1975 5.78
1976 5.90
1977 5.02
1978 3.52
1979 2.82
1980 2.19
1981 1.85
1982 1.80
1983 1.54
1984 2.21
1985 3.11
1986 3.63
1987 3.15
1988 3.14
1989 5.84
1990 4.93
1991 3.66
1992 4.94
1993 4.84
1994 5.25
1995 5.07
1996 6.01
1997 8.20
1998 9.20
1999 12.41
2000 13.82
2001 11.75
2002 12.00
2003 12.39
2004 13.06
2005 15.43
2006 11.02
2007 14.42
2008 15.83
2009 15.54
2010 14.58
2011 14.38
2012 14.74
2013 12.06
2014 13.46
2015 14.64
2016 14.15
2017 12.57
2018 10.46
2019 11.25
2020 10.49

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets