In June 2022, the highest outstanding bank credit to the private sector in Ghana was to the commerce and finance industry, which reached around 11.2 billion Ghana cedis (GHS) (roughly 908.2 million U.S. dollars).
The lowest credit amount from banks in the country was directed to export trade, which stood at 245.42 million GHS (approximately 19.9 million U.S. dollars). On the whole, the outstanding credit of banks in Ghana channeled to both the public and private sectors amounted to 63.3 billion GHS (around 5.1 billion U.S. dollars) at the end of June 2022.
Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry
(in million Ghanaian cedi)
The currency conversion rate is as of January 24, 2023.
Credit outstanding may refer to a loan or extension of credit; an issuance of a guarantee, acceptance, or letter of credit, including an endorsement or standby letter of credit; and a type of transaction that extends credit or financing to a person or group of persons.
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Bank of Ghana. (July 29, 2022). Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry (in million Ghanaian cedi) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/
Bank of Ghana. "Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry (in million Ghanaian cedi)." Chart. July 29, 2022. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/
Bank of Ghana. (2022). Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry (in million Ghanaian cedi). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/
Bank of Ghana. "Distribution of Banks Outstanding Credit to The Private Sector in Ghana as of June 2022, by Industry (in Million Ghanaian Cedi)." Statista, Statista Inc., 29 Jul 2022, https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/
Bank of Ghana, Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry (in million Ghanaian cedi) Statista, https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/ (last visited November 25, 2024)
Distribution of banks outstanding credit to the private sector in Ghana as of June 2022, by industry (in million Ghanaian cedi) [Graph], Bank of Ghana, July 29, 2022. [Online]. Available: https://www.statista.com/statistics/1187662/bank-credit-to-the-private-sector-in-ghana-by-industry/
