Subsidies and other transfers (current LCU) in Ghana
Ghana: Subsidies and other transfers (current LCU) 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.
Subsidies and other transfers (current LCU) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 29.40 million current LCU | — |
| 2002 | 38.56 million current LCU | +31.1% |
| 2003 | 280.07 million current LCU | +626.4% |
| 2004 | 536.81 million current LCU | +91.7% |
| 2005 | 563.93 million current LCU | +5.1% |
| 2006 | 836.66 million current LCU | +48.4% |
| 2007 | 1.53 billion current LCU | +82.7% |
| 2008 | 1.87 billion current LCU | +22.4% |
| 2009 | 1.84 billion current LCU | -1.6% |
| 2010 | 3.15 billion current LCU | +71.2% |
| 2011 | 4.18 billion current LCU | +32.4% |
| 2012 | 4.57 billion current LCU | +9.5% |
| 2013 | 5.71 billion current LCU | +24.8% |
| 2014 | 5.32 billion current LCU | -6.7% |
| 2015 | 6.88 billion current LCU | +29.3% |
| 2016 | 8.61 billion current LCU | +25.0% |
| 2017 | 9.22 billion current LCU | +7.1% |
| 2018 | 11.08 billion current LCU | +20.2% |
| 2019 | 11.65 billion current LCU | +5.1% |
| 2020 | 12.16 billion current LCU | +4.4% |
| 2021 | 13.65 billion current LCU | +12.2% |
| 2022 | 24.81 billion current LCU | +81.8% |
| 2023 | 31.58 billion current LCU | +27.3% |
Ghana compared with similar countries
- Ghana's 31.58 billion current LCU is below the median for lower middle income countries, which is 144.76 billion current LCU, 22% of the median. (36 countries reporting)
- Ghana's 31.58 billion current LCU is below the median for Sub-Saharan Africa, which is 282.03 billion current LCU, 11% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (current LCU) 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 | +626.4% | 38.56 million current LCU | 280.07 million current LCU |
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
- 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)
- Arms imports 5.00 million SIPRI trend indicator values (2025)
- 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)
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.
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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.