Country Financial Sector Profilesback

Financial Sector Overview

Ghana is a country located along the Gulf of Guinea and Atlantic Ocean, in the sub of West Africa. Spanning a land mass of 238,535 km2 (92,099 sq mi), Ghana is bordered by the Ivory Coast in the west, Burkina Faso in the north, Togo in the east and the Gulf of Guinea and Atlantic Ocean in the south. Ghana means "Warrior King" in the Soninke language

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At a Glance

Population in thousands(2017): 28,833.63
GDP per capita (current US$) 2017 - World Average 10,721.61: 2,046.11
Account (%) age 15+) - (2014 vs 2017): 41% |58%
Agriculture Orientation Index - Credit (Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.20 | 0.21
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 24.5
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 25% | 49%
Remittances % of GDP for 2017: 0.051
Mortgage Interest Rate / Mortgage Term (years): 28.70% | 20

Donor Projects Database

Projects

Latest News & Events

Jul 03, 2019 | Ghanaian Times; All Africa
The Koforidua Branch Manager of the ARB Apex Bank, Mr Charles Frimpong Asare has urged member ban
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Aug
Aug 19, 2019
Accra, Ghana
For banks in Ghana, many payments are transacted through mobile apps controlled by online-payments specialists and digital merchants. Payments…

Latest Publications

Feb 28, 2019 | M. Thom, N. Beyers, K. Rinehart et al. | DFID, FSD Africa, Cenfri
Nov 30, 2018 | R.H. Mynhardt, J. Marx | Journal of Economic and Financial Sciences
Oct 31, 2018 | N. Buehren, M. Goldstein, L. Klapper et al. | The World Bank
Jun 29, 2018 | Prime-Stat PVC LTD | CAHF
Jun 20, 2018 | M. Mattern, C. McKay | CGAP