Ghana Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Ghana's foreign reserves was $2.6B in 2025, ranked 116th globally. This represents a 27.8% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Ghana's foreign reserves stood at $2.6B in 2025, a decline of +$1.0B from 2023. Based on recent trends, this figure is projected to reach $2.6B by 2025. Ghana ranked 116th globally.
Ghana’s foreign reserves have expanded markedly since the 1960 baseline of 277,926,000.00, reaching an all‑time peak of 9,916,916,899.68 in 2021 before falling to the 2025 level of 2,615,818,189.59, which places the country 116th globally. The trough recorded in 1970, a mere 42,579,200.00, underscores the volatility of reserve accumulation over the 65‑year span. Compared with regional peers, Ghana’s 2025 reserves are slightly below Haiti’s 2,620,144,591.91 and above Guinea’s 2,462,219,212.36, reflecting a middle‑of‑the‑road position in West Africa. The post‑peak decline suggests that external shocks, such as commodity price swings and debt service pressures, have constrained reserve growth. Continued diversification of export earnings and prudent fiscal management could stabilise the downward trajectory, allowing Ghana to rebuild towards its 2021 high and improve its standing among comparable economies.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2026* trend | $1.6B | - | - |
| 2025* trend | $2.6B | - | - |
| 2025 | $2.6B | −$1.0B | #116 |
| 2023 | $3.6B | −$1.6B | #105 |
| 2022 | $5.2B | −$4.7B | #91 |
| 2021 | $9.9B | +$2.0B | #73 |
| 2020 | $7.9B | +$320.9M | #81 |
| 2019 | $7.6B | +$1.3B | #80 |
| 2018 | $6.3B | −$720.3M | #86 |
| 2017 | $7.0B | +$1.1B | #82 |
| 2016 | $5.9B | +$124.1M | #84 |
| 2015 | $5.7B | +$178.9M | #82 |
| 2014 | $5.6B | −$24.0M | #84 |
| 2013 | $5.6B | −$247.4M | #84 |
| 2012 | $5.8B | −$78.5M | #82 |
| 2011 | $5.9B | +$755.4M | #81 |
| 2010 | $5.2B | +$1.5B | #82 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's foreign reserves was $2.6B in 2025. Ranked 116th globally. This represents a 27.8% decrease from the previous year.
Ghana's foreign reserves peaked at $9.9B in 2021.
The lowest foreign reserves in Ghana was $42.6M in 1970.
Ghana ranks 116th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Ghana's foreign reserves is projected to reach $2.6B by 2025 based on trend extrapolation.
Ghana's foreign reserves was approximately 2.62 billion ($2.6B) in 2025.
The foreign reserves of Ghana in 2025 was $2.6B. This ranks 116th in the world.
Cite this page
@misc{historysaid_ghana_reserves,
title = {Ghana Foreign Reserves},
url = {https://historysaid.com/ghana/reserves/},
publisher = {HistorySaid},
year = {2026}
}