Interest payments in Ghana
Ghana: Interest payments was 29.35 billion current LCU in 2023. ◆ Volatile
Interest payments in Ghana, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in Ghana is 29.35 billion current LCU, measured in 2023.
Compared with earlier readings it is down 35.8% on the previous year and up 567.5% over ten years.
Over the whole period, interest payments in Ghana peaked at 45.69 billion current LCU in 2022 and was at its lowest, 2.73 million current LCU, in 1990.
Ghana ranks 76th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.65 million current LCU | 2.73 million current LCU | 13.48 million current LCU | 4 |
| 2000s | 465.35 million current LCU | 278.72 million current LCU | 1.03 billion current LCU | 9 |
| 2010s | 8.67 billion current LCU | 1.44 billion current LCU | 19.77 billion current LCU | 10 |
| 2020s | 33.29 billion current LCU | 24.60 billion current LCU | 45.69 billion current LCU | 4 |
Countries ranked near Ghana
More public sector data for Ghana
- Arms imports 11.00 million SIPRI trend indicator values (2024)
- Tax revenue 12.4% (2023)
- Taxes on income, profits and capital gains 39.5% (2023)
- Taxes on goods and services 32.6% (2023)
- Net investment in nonfinancial assets 2.4% (2023)
- Net lending (+) / net borrowing (-) -1.7% (2023)
- Interest payments 21.6% (2023)
- Grants and other revenue 19.1% (2023)
- Interest payments 32.8% (2022)
- Other taxes -1.4% (2023)
Frequently asked questions
- What is interest payments in Ghana?
- Interest payments in Ghana was 29.35 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Ghana?
- The highest recorded value was 45.69 billion current LCU in 2022.
- What is the lowest interest payments recorded in Ghana?
- The lowest recorded value was 2.73 million current LCU in 1990.
- How does Ghana rank for interest payments?
- Ghana ranks 76th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Ghana?
- Over the last ten years it is up 567.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.