Ghana M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Ghana's m2 money supply growth was 42.40% in 2025, ranked 8th globally. This represents a 13.3% increase from 2024. Data from World Bank, covering 1961–2025.
Overview
Ghana's m2 money supply growth stood at 42.40% in 2025, a rise of +4.99pp from 2023. Based on recent trends, this figure is projected to reach 42.40% by 2025. Ghana ranked 8th globally.
Ghana's M2 Money Supply Growth has exhibited significant fluctuations over the 64-year period from 1961 to 2025. Historically, the indicator peaked at 68.53% in 1978, a period marked by high inflation and economic instability in the country. Conversely, it hit a trough of 1.23% in 1967, indicating a period of relative economic stability. Recent years have seen a marked increase in money supply growth, with Ghana ranking eighth globally in 2025 at 42.40%. This growth rate is comparable to Sierra Leone's 46.06% and surpasses that of Nicaragua's 39.45%. The sustained high growth rate suggests a potential risk of inflationary pressures in the country. If Ghana continues to experience high M2 money supply growth, a significant increase in inflation could follow, potentially necessitating monetary policy adjustments to mitigate its effects.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 45.98% | - | - |
| 2025* trend | 42.40% | - | - |
| 2025 | 42.40% | +4.99pp | #8 |
| 2023 | 37.41% | +5.38pp | #115 |
| 2022 | 32.03% | +10.72pp | #122 |
| 2021 | 21.30% | −7.06pp | #125 |
| 2020 | 28.36% | +7.01pp | #135 |
| 2019 | 21.35% | +5.59pp | #139 |
| 2018 | 15.76% | −0.30pp | #135 |
| 2017 | 16.07% | −6.43pp | #123 |
| 2016 | 22.50% | −3.08pp | #144 |
| 2015 | 25.57% | −11.72pp | #147 |
| 2014 | 37.29% | +17.79pp | #157 |
| 2013 | 19.50% | −5.64pp | #133 |
| 2012 | 25.14% | −8.86pp | #142 |
| 2011 | 33.99% | +2.08pp | #149 |
| 2010 | 31.92% | +7.18pp | #148 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's m2 money supply growth was 42.40% in 2025. Ranked 8th globally. This represents a 13.3% increase from the previous year.
Ghana's m2 money supply growth peaked at 68.53% in 1978.
The lowest m2 money supply growth in Ghana was 1.23% in 1967.
Ghana ranks 8th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Ghana's m2 money supply growth is projected to reach 42.40% by 2025 based on trend extrapolation.
The m2 money supply growth of Ghana in 2025 was 42.40%. This ranks 8th in the world.
Cite this page
@misc{historysaid_ghana_m2-growth,
title = {Ghana M2 Money Supply Growth},
url = {https://historysaid.com/ghana/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}