Use of IMF credit in Ghana
Ghana: Use of IMF credit was 4.66 billion DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Ghana, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
The most recent figure for use of imf credit in Ghana is 4.66 billion DOD, current US$, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 28.5% on the previous year and up 316.4% over ten years.
Over the whole period, use of imf credit in Ghana peaked at 4.66 billion DOD, current US$ in 2024 and was at its lowest, 0 DOD, current US$, in 1973.
Ghana ranks 22nd of 123 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in Ghana, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 46.07 million DOD, current US$ | — |
| 1971 | 19.88 million DOD, current US$ | -56.9% |
| 1972 | 1.86 million DOD, current US$ | -90.7% |
| 1973 | 0 DOD, current US$ | -100.0% |
| 1974 | 0 DOD, current US$ | — |
| 1975 | 45.19 million DOD, current US$ | — |
| 1976 | 44.85 million DOD, current US$ | -0.8% |
| 1977 | 46.89 million DOD, current US$ | +4.6% |
| 1978 | 44.86 million DOD, current US$ | -4.3% |
| 1979 | 108.66 million DOD, current US$ | +142.2% |
| 1980 | 105.23 million DOD, current US$ | -3.2% |
| 1981 | 85.19 million DOD, current US$ | -19.0% |
| 1982 | 75.41 million DOD, current US$ | -11.5% |
| 1983 | 331.36 million DOD, current US$ | +339.4% |
| 1984 | 514.70 million DOD, current US$ | +55.3% |
| 1985 | 700.78 million DOD, current US$ | +36.2% |
| 1986 | 785.60 million DOD, current US$ | +12.1% |
| 1987 | 866.71 million DOD, current US$ | +10.3% |
| 1988 | 762.15 million DOD, current US$ | -12.1% |
| 1989 | 737.37 million DOD, current US$ | -3.3% |
| 1990 | 744.60 million DOD, current US$ | +1.0% |
| 1991 | 834.12 million DOD, current US$ | +12.0% |
| 1992 | 739.52 million DOD, current US$ | -11.3% |
| 1993 | 738.02 million DOD, current US$ | -0.2% |
| 1994 | 700.29 million DOD, current US$ | -5.1% |
| 1995 | 648.47 million DOD, current US$ | -7.4% |
| 1996 | 542.61 million DOD, current US$ | -16.3% |
| 1997 | 346.74 million DOD, current US$ | -36.1% |
| 1998 | 333.57 million DOD, current US$ | -3.8% |
| 1999 | 396.41 million DOD, current US$ | +18.8% |
| 2000 | 374.56 million DOD, current US$ | -5.5% |
| 2001 | 362.75 million DOD, current US$ | -3.2% |
| 2002 | 449.01 million DOD, current US$ | +23.8% |
| 2003 | 546.68 million DOD, current US$ | +21.8% |
| 2004 | 566.28 million DOD, current US$ | +3.6% |
| 2005 | 506.99 million DOD, current US$ | -10.5% |
| 2006 | 253.39 million DOD, current US$ | -50.0% |
| 2007 | 266.17 million DOD, current US$ | +5.0% |
| 2008 | 259.43 million DOD, current US$ | -2.5% |
| 2009 | 826.12 million DOD, current US$ | +218.4% |
| 2010 | 937.06 million DOD, current US$ | +13.4% |
| 2011 | 1.10 billion DOD, current US$ | +17.5% |
| 2012 | 1.25 billion DOD, current US$ | +13.8% |
| 2013 | 1.22 billion DOD, current US$ | -2.4% |
| 2014 | 1.12 billion DOD, current US$ | -8.4% |
| 2015 | 1.24 billion DOD, current US$ | +10.9% |
| 2016 | 1.37 billion DOD, current US$ | +10.0% |
| 2017 | 1.47 billion DOD, current US$ | +7.3% |
| 2018 | 1.51 billion DOD, current US$ | +2.9% |
| 2019 | 1.58 billion DOD, current US$ | +4.5% |
| 2020 | 2.61 billion DOD, current US$ | +65.8% |
| 2021 | 3.41 billion DOD, current US$ | +30.6% |
| 2022 | 3.12 billion DOD, current US$ | -8.4% |
| 2023 | 3.63 billion DOD, current US$ | +16.2% |
| 2024 | 4.66 billion DOD, current US$ | +28.5% |
Ghana compared with similar countries
- Ghana's 4.66 billion DOD, current US$ is above the median for lower middle income countries, which is 1.04 billion DOD, current US$, 4.5× the median. (43 countries reporting)
- Ghana's 4.66 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 842.15 million DOD, current US$, 5.5× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +339.4% | 75.41 million DOD, current US$ | 331.36 million DOD, current US$ |
| 2009 | +218.4% | 259.43 million DOD, current US$ | 826.12 million DOD, current US$ |
| 1979 | +142.2% | 44.86 million DOD, current US$ | 108.66 million DOD, current US$ |
| 1973 | -100.0% | 1.86 million DOD, current US$ | 0 DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.82 million DOD, current US$ | 0 DOD, current US$ | 108.66 million DOD, current US$ | 10 |
| 1980s | 496.45 million DOD, current US$ | 75.41 million DOD, current US$ | 866.71 million DOD, current US$ | 10 |
| 1990s | 602.43 million DOD, current US$ | 333.57 million DOD, current US$ | 834.12 million DOD, current US$ | 10 |
| 2000s | 441.14 million DOD, current US$ | 253.39 million DOD, current US$ | 826.12 million DOD, current US$ | 10 |
| 2010s | 1.28 billion DOD, current US$ | 937.06 million DOD, current US$ | 1.58 billion DOD, current US$ | 10 |
| 2020s | 3.49 billion DOD, current US$ | 2.61 billion DOD, current US$ | 4.66 billion DOD, current US$ | 5 |
Countries ranked near Ghana
- 19 Kenya 4.96 billion DOD, current US$ compare
- 20 Cote d'Ivoire 4.79 billion DOD, current US$ compare
- 21 Bangladesh 4.67 billion DOD, current US$ compare
- 23 Democratic Republic of Congo 4.08 billion DOD, current US$ compare
- 24 Algeria 4.01 billion DOD, current US$ compare
- 25 Philippines 3.65 billion DOD, current US$ compare
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 use of imf credit in Ghana?
- Use of imf credit in Ghana was 4.66 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Ghana?
- The highest recorded value was 4.66 billion DOD, current US$ in 2024.
- What is the lowest use of imf credit recorded in Ghana?
- The lowest recorded value was 0 DOD, current US$ in 1973.
- How does Ghana rank for use of imf credit?
- Ghana ranks 22nd out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in Ghana?
- Over the last ten years it is up 316.4%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.