Net incurrence of liabilities, total in Ghana
Ghana: Net incurrence of liabilities, total was 27.99 billion current LCU in 2023. ◆ Volatile
Net incurrence of liabilities, total in Ghana, 2003–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, net incurrence of liabilities, total in Ghana stood at 27.99 billion current LCU.
That represents a change of down 57.0% on the previous year and up 196.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Ghana peaked at 65.16 billion current LCU in 2022 and was at its lowest, 77.34 million current LCU, in 2005.
Ghana ranks 74th of 136 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.
Net incurrence of liabilities, total in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 194.59 million current LCU | — |
| 2004 | 152.79 million current LCU | -21.5% |
| 2005 | 77.34 million current LCU | -49.4% |
| 2006 | 804.39 million current LCU | +940.1% |
| 2007 | 1.04 billion current LCU | +29.3% |
| 2008 | 1.91 billion current LCU | +83.1% |
| 2009 | 2.00 billion current LCU | +4.8% |
| 2010 | 2.91 billion current LCU | +45.5% |
| 2011 | 2.27 billion current LCU | -21.8% |
| 2012 | 8.72 billion current LCU | +283.5% |
| 2013 | 9.45 billion current LCU | +8.5% |
| 2014 | 11.55 billion current LCU | +22.2% |
| 2015 | 8.76 billion current LCU | -24.2% |
| 2016 | 13.92 billion current LCU | +58.9% |
| 2017 | 12.24 billion current LCU | -12.1% |
| 2018 | 11.67 billion current LCU | -4.7% |
| 2019 | 16.89 billion current LCU | +44.7% |
| 2020 | 44.90 billion current LCU | +165.8% |
| 2021 | 42.35 billion current LCU | -5.7% |
| 2022 | 65.16 billion current LCU | +53.8% |
| 2023 | 27.99 billion current LCU | -57.0% |
Ghana compared with similar countries
- Ghana's 27.99 billion current LCU is below the median for lower middle income countries, which is 53.44 billion current LCU, 52% of the median. (34 countries reporting)
- Ghana's 27.99 billion current LCU is below the median for Sub-Saharan Africa, which is 126.91 billion current LCU, 22% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total 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 |
|---|---|---|---|
| 2006 | +940.1% | 77.34 million current LCU | 804.39 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 881.76 million current LCU | 77.34 million current LCU | 2.00 billion current LCU | 7 |
| 2010s | 9.84 billion current LCU | 2.27 billion current LCU | 16.89 billion current LCU | 10 |
| 2020s | 45.10 billion current LCU | 27.99 billion current LCU | 65.16 billion current LCU | 4 |
Countries ranked near Ghana
More public sector data for Ghana
- Democracy, 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)
- Elected parliament, 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)
- 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 net incurrence of liabilities, total in Ghana?
- Net incurrence of liabilities, total in Ghana was 27.99 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Ghana?
- The highest recorded value was 65.16 billion current LCU in 2022.
- What is the lowest net incurrence of liabilities, total recorded in Ghana?
- The lowest recorded value was 77.34 million current LCU in 2005.
- How does Ghana rank for net incurrence of liabilities, total?
- Ghana ranks 74th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Ghana?
- Over the last ten years it is up 196.0%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.