Interest payments in Ghana
Ghana: Interest payments was 32.8% in 2022. ▲ Rising
Interest payments in Ghana, 2001–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, interest payments in Ghana stood at 32.8%.
Compared with earlier readings it is down 6.3% on the previous year and up 172.5% over ten years.
Over the whole period, interest payments in Ghana peaked at 39.1% in 2001 and was at its lowest, 10.6%, in 2007.
Ghana ranks 2nd of 152 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 22 years of available data.
Interest payments in Ghana, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 39.1% | — |
| 2002 | 30.6% | -21.7% |
| 2003 | 24.9% | -18.6% |
| 2004 | 18.5% | -25.8% |
| 2005 | 16.0% | -13.6% |
| 2006 | 13.5% | -15.9% |
| 2007 | 10.6% | -21.0% |
| 2008 | 11.0% | +3.0% |
| 2009 | 15.6% | +42.8% |
| 2010 | 15.5% | -0.9% |
| 2011 | 12.7% | -17.8% |
| 2012 | 12.0% | -5.6% |
| 2013 | 18.3% | +52.3% |
| 2014 | 24.5% | +33.8% |
| 2015 | 28.5% | +16.2% |
| 2016 | 28.7% | +0.8% |
| 2017 | 29.8% | +3.7% |
| 2018 | 29.1% | -2.1% |
| 2019 | 31.7% | +8.7% |
| 2020 | 28.7% | -9.4% |
| 2021 | 35.0% | +22.0% |
| 2022 | 32.8% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.0% | 10.6% | 39.1% | 9 |
| 2010s | 23.1% | 12.0% | 31.7% | 10 |
| 2020s | 32.2% | 28.7% | 35.0% | 3 |
Countries ranked near Ghana
More public sector data for Ghana
- Arms imports 11.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3195 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 37.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 7.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0032 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -5.83 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 268.74 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.16 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Ghana?
- Interest payments in Ghana was 32.8% in 2022, 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 39.1% in 2001.
- What is the lowest interest payments recorded in Ghana?
- The lowest recorded value was 10.6% in 2007.
- How does Ghana rank for interest payments?
- Ghana ranks 2nd out of 152 countries with data for 2022.
- Is interest payments rising or falling in Ghana?
- Over the last ten years it is up 172.5%. The long-run trend across the full record is rising.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.