Goods and services expense in Ghana
Ghana: Goods and services expense was 8.45 billion current LCU in 2023. ◆ Volatile
Goods and services expense in Ghana, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Ghana recorded 8.45 billion current LCU for goods and services expense in 2023. That is the highest value across all 25 years on record.
The figure is up 6.6% on the previous year and up 482.8% over ten years.
Over the whole period, goods and services expense in Ghana peaked at 8.45 billion current LCU in 2023 and was at its lowest, 4.50 million current LCU, in 1990.
Ghana ranks 109th 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.
Goods and services expense in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 4.50 million current LCU | — |
| 1991 | 6.05 million current LCU | +34.6% |
| 1992 | 6.92 million current LCU | +14.3% |
| 1993 | 14.12 million current LCU | +104.0% |
| 2003 | 206.11 million current LCU | +1359.7% |
| 2004 | 246.28 million current LCU | +19.5% |
| 2005 | 402.31 million current LCU | +63.4% |
| 2006 | 457.18 million current LCU | +13.6% |
| 2007 | 615.83 million current LCU | +34.7% |
| 2008 | 743.85 million current LCU | +20.8% |
| 2009 | 1.09 billion current LCU | +46.2% |
| 2010 | 1.37 billion current LCU | +26.1% |
| 2011 | 2.00 billion current LCU | +45.9% |
| 2012 | 1.32 billion current LCU | -34.0% |
| 2013 | 1.45 billion current LCU | +9.6% |
| 2014 | 1.78 billion current LCU | +22.6% |
| 2015 | 1.39 billion current LCU | -21.9% |
| 2016 | 3.22 billion current LCU | +132.0% |
| 2017 | 2.48 billion current LCU | -22.9% |
| 2018 | 5.13 billion current LCU | +106.6% |
| 2019 | 6.17 billion current LCU | +20.3% |
| 2020 | 7.43 billion current LCU | +20.4% |
| 2021 | 7.16 billion current LCU | -3.6% |
| 2022 | 7.93 billion current LCU | +10.7% |
| 2023 | 8.45 billion current LCU | +6.6% |
Ghana compared with similar countries
- Ghana's 8.45 billion current LCU is below the median for lower middle income countries, which is 33.45 billion current LCU, 25% of the median. (36 countries reporting)
- Ghana's 8.45 billion current LCU is below the median for Sub-Saharan Africa, which is 189.83 billion current LCU, 4% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense 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 |
|---|---|---|---|
| 2003 | +1359.7% | 14.12 million current LCU | 206.11 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.90 million current LCU | 4.50 million current LCU | 14.12 million current LCU | 4 |
| 2000s | 537.01 million current LCU | 206.11 million current LCU | 1.09 billion current LCU | 7 |
| 2010s | 2.63 billion current LCU | 1.32 billion current LCU | 6.17 billion current LCU | 10 |
| 2020s | 7.74 billion current LCU | 7.16 billion current LCU | 8.45 billion current LCU | 4 |
Countries ranked near Ghana
More public sector data for Ghana
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Ghana?
- Goods and services expense in Ghana was 8.45 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Ghana?
- The highest recorded value was 8.45 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Ghana?
- The lowest recorded value was 4.50 million current LCU in 1990.
- How does Ghana rank for goods and services expense?
- Ghana ranks 109th out of 155 countries with data for 2023.
- Is goods and services expense rising or falling in Ghana?
- Over the last ten years it is up 482.8%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.