Subsidies and other transfers in Ghana
Ghana: Subsidies and other transfers was 31.58 billion current LCU in 2023. ◆ Volatile
Subsidies and other transfers in Ghana, 2001–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Ghana is 31.58 billion current LCU, measured in 2023. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 27.3% on the previous year and up 453.3% over ten years.
Over the whole period, subsidies and other transfers in Ghana peaked at 31.58 billion current LCU in 2023 and was at its lowest, 29.40 million current LCU, in 2001.
That places Ghana 96th out of 153 countries with data for 2023, putting it 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 |
|---|---|---|---|---|
| 2000s | 836.48 million current LCU | 29.40 million current LCU | 1.87 billion current LCU | 9 |
| 2010s | 7.04 billion current LCU | 3.15 billion current LCU | 11.65 billion current LCU | 10 |
| 2020s | 20.55 billion current LCU | 12.16 billion current LCU | 31.58 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 subsidies and other transfers in Ghana?
- Subsidies and other transfers in Ghana was 31.58 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Ghana?
- The highest recorded value was 31.58 billion current LCU in 2023.
- What is the lowest subsidies and other transfers recorded in Ghana?
- The lowest recorded value was 29.40 million current LCU in 2001.
- How does Ghana rank for subsidies and other transfers?
- Ghana ranks 96th out of 153 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Ghana?
- Over the last ten years it is up 453.3%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.