Debt on Non-concessional terms in Ghana
Ghana: Debt on Non-concessional terms was 6.30 billion current US$ in 2011. ◆ Volatile
Debt on Non-concessional terms in Ghana, 1970–2011
Source: World Bank, Global Development Finance. Measured in current US$.
Analysis
In 2011, debt on non-concessional terms in Ghana stood at 6.30 billion current US$. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 19.8% on the previous year and up 200.2% over ten years.
Over the whole period, debt on non-concessional terms in Ghana peaked at 6.30 billion current US$ in 2011 and was at its lowest, 452,000 current US$, in 1970.
Ghana ranks 8th of 50 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt on Non-concessional terms in Ghana, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 452,000 current US$ | — |
| 1971 | 298.49 million current US$ | +65936.5% |
| 1972 | 283.92 million current US$ | -4.9% |
| 1973 | 308.14 million current US$ | +8.5% |
| 1974 | 242.91 million current US$ | -21.2% |
| 1975 | 232.01 million current US$ | -4.5% |
| 1976 | 207.32 million current US$ | -10.6% |
| 1977 | 511.19 million current US$ | +146.6% |
| 1978 | 692.75 million current US$ | +35.5% |
| 1979 | 633.76 million current US$ | -8.5% |
| 1980 | 626.37 million current US$ | -1.2% |
| 1981 | 746.71 million current US$ | +19.2% |
| 1982 | 663.45 million current US$ | -11.2% |
| 1983 | 841.67 million current US$ | +26.9% |
| 1984 | 1.14 billion current US$ | +35.8% |
| 1985 | 1.33 billion current US$ | +16.3% |
| 1986 | 1.54 billion current US$ | +15.6% |
| 1987 | 1.69 billion current US$ | +9.8% |
| 1988 | 1.50 billion current US$ | -10.8% |
| 1989 | 1.57 billion current US$ | +4.1% |
| 1990 | 1.75 billion current US$ | +11.7% |
| 1991 | 1.95 billion current US$ | +11.3% |
| 1992 | 1.86 billion current US$ | -4.5% |
| 1993 | 1.90 billion current US$ | +2.1% |
| 1994 | 2.01 billion current US$ | +5.8% |
| 1995 | 2.02 billion current US$ | +0.7% |
| 1996 | 2.15 billion current US$ | +6.1% |
| 1997 | 1.96 billion current US$ | -8.7% |
| 1998 | 2.01 billion current US$ | +2.6% |
| 1999 | 1.97 billion current US$ | -2.1% |
| 2000 | 1.77 billion current US$ | -9.9% |
| 2001 | 2.10 billion current US$ | +18.2% |
| 2002 | 2.29 billion current US$ | +9.0% |
| 2003 | 2.28 billion current US$ | -0.5% |
| 2004 | 2.21 billion current US$ | -3.1% |
| 2005 | 1.92 billion current US$ | -12.9% |
| 2006 | 2.16 billion current US$ | +12.4% |
| 2007 | 3.11 billion current US$ | +44.2% |
| 2008 | 3.24 billion current US$ | +4.0% |
| 2009 | 4.06 billion current US$ | +25.3% |
| 2010 | 5.26 billion current US$ | +29.6% |
| 2011 | 6.30 billion current US$ | +19.8% |
Ghana compared with similar countries
- Ghana's 6.30 billion current US$ is above the median for lower middle income countries, which is 1.43 billion current US$, 4.4× the median. (23 countries reporting)
- Ghana's 6.30 billion current US$ is above the median for Sub-Saharan Africa, which is 818.73 million current US$, 7.7× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Debt on Non-concessional terms in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1971 | +65936.5% | 452,000 current US$ | 298.49 million current US$ |
| 1977 | +146.6% | 207.32 million current US$ | 511.19 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 341.09 million current US$ | 452,000 current US$ | 692.75 million current US$ | 10 |
| 1980s | 1.16 billion current US$ | 626.37 million current US$ | 1.69 billion current US$ | 10 |
| 1990s | 1.96 billion current US$ | 1.75 billion current US$ | 2.15 billion current US$ | 10 |
| 2000s | 2.51 billion current US$ | 1.77 billion current US$ | 4.06 billion current US$ | 10 |
| 2010s | 5.78 billion current US$ | 5.26 billion current US$ | 6.30 billion current US$ | 2 |
Countries ranked near Ghana
More external debt data for Ghana
- IFC, private nonguaranteed -35.10 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -1.02 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -281.78 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.1% (2024)
- Net financial flows, IDA 843.42 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 24.5 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0101 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -2.25 million NFL, current US$ (2005)
- Public and publicly guaranteed debt service 2.9% (2024)
Frequently asked questions
- What is debt on non-concessional terms in Ghana?
- Debt on non-concessional terms in Ghana was 6.30 billion current US$ in 2011, according to World Bank, Global Development Finance.
- What is the highest debt on non-concessional terms recorded in Ghana?
- The highest recorded value was 6.30 billion current US$ in 2011.
- What is the lowest debt on non-concessional terms recorded in Ghana?
- The lowest recorded value was 452,000 current US$ in 1970.
- How does Ghana rank for debt on non-concessional terms?
- Ghana ranks 8th out of 50 countries with data for 2011.
- Is debt on non-concessional terms rising or falling in Ghana?
- Over the last ten years it is up 200.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt on Non-concessional terms (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Non-concessional Long-term Debt Outstanding and Disbursed (LDOD) conveys information about the borrower's receipt of aid from official lenders on non-concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. This is the difference between the total debt outstanding and disbursed less debt on concessional terms. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. LDOD is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.