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Ghana Gross Savings

Gross savings as % of GDP  NY.GNS.ICTR.ZS

Ghana's gross savings was 12.79% in 2025, ranked 133rd globally. This represents a 8.8% decrease from 2024. Data from World Bank, covering 1975–2025.

12.79% −1.23% (-8.8%)
Year 2025 Rank #133 Global Peak 22.87% (2004) Source World Bank

Ghana Gross Savings (1975–2025)

Overview

Ghana's gross savings stood at 12.79% in 2025, a decline of +1.23% from 2024. The IMF projects 12.79% by 2025. Ghana ranked 133rd globally.

Ghana’s gross savings ratio has fallen markedly since its post‑structural adjustment high of 22.87 percent in 2004, slipping to an all‑time trough of 3.88 percent in 2011 before modestly recovering to 12.79 percent in 2025, placing the country 133rd in the world. Over the 51‑year series the indicator averages well below the regional median, and the 2025 figure is slightly higher than the peer‑group average of Mali (13.22 percent), Costa Rica (12.70 percent) and Eswatini (13.31 percent). The steep decline after 2004 reflects a combination of fiscal deficits, external debt service pressures and lower private sector investment, while the partial rebound after 2011 coincides with improved commodity prices and tighter macro‑financial management. Continued diversification of exports and sustained reforms in public finance will be crucial to lift the savings ratio further and narrow the gap with its peers.

Data & projection

Year Gross Savings YoY change Rank
2030* IMF 17.42% - -
2029* IMF 16.35% - -
2028* IMF 15.26% - -
2027* IMF 14.83% - -
2026* IMF 14.69% - -
2025* IMF 12.79% - -
2025 12.79% −1.23% #133
2024 14.02% +5.47% #136
2023 7.95% −5.73% #165
2022 18.71% +3.41% #118
2021 15.60% −1.14% #145
2020 21.08% +3.69% #93
2019 17.59% −1.61% #134
2018 20.00% +3.15% #109
2017 15.86% −4.89% #136
2016 18.64% −4.26% #118
2015 21.10% +0.77% #96
2014 18.24% +2.58% #116
2013 15.19% −7.65% #130
2012 5.27% −11.76% #171
2011 3.88% −36.18% #173
Show all years (1975-2025)
* IMF World Economic Outlook projection

Detected Pattern

Currency Crisis Pattern
Rapid currency depreciation (>30% YoY) combined with reserve drawdown and inflation surge. Often precedes emergency rate hikes.
Inflation 38.1% Reserves YoY -30.4% FX YoY +33.2%
Occurred 128 times, 35 successful
Inflation
133.5%
Reserves YoY
-48.5%
FX YoY
+126.8%
Inflation
38.1%
Reserves YoY
-30.4%
FX YoY
+33.2%
Inflation
221.3%
Reserves YoY
-15.4%
FX YoY
+820.4%
Inflation
47.6%
Reserves YoY
-20.6%
FX YoY
+51.7%
Inflation
667.4%
Reserves YoY
-80.7%
FX YoY
+835.9%
Inflation
31.3%
Reserves YoY
-47.5%
FX YoY
+42.5%
24 mo later
22.8%

Analysis

Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw gross savings improve within 24 months. View full analysis →

Frequently Asked Questions

What is Ghana's gross savings?▾

Ghana's gross savings was 12.79% in 2025. Ranked 133rd globally. This represents a 8.8% decrease from the previous year.

What was the highest gross savings in Ghana?▾

Ghana's gross savings peaked at 22.87% in 2004.

What was the lowest gross savings in Ghana?▾

The lowest gross savings in Ghana was 3.88% in 2011.

How does Ghana rank in gross savings?▾

Ghana ranks 133rd globally in gross savings as of 2025.

What is the World Bank indicator code for gross savings?▾

The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.

What is the projected gross savings of Ghana in 2025?▾

Ghana's gross savings is projected to reach 12.79% by 2025 based on IMF projection.

What is the gross savings of Ghana in 2025?▾

The gross savings of Ghana in 2025 was 12.79%. This ranks 133rd in the world.

Cite this page

APA
Ghana Gross Savings. HistorySaid. Retrieved October 21, 2026, from https://historysaid.com/ghana/gross-savings/
BibTeX
@misc{historysaid_ghana_gross-savings, title = {Ghana Gross Savings}, url = {https://historysaid.com/ghana/gross-savings/}, publisher = {HistorySaid}, year = {2026} }
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