The credit granted to the private sector by commercial banks as share of GDP in Ghana decreased by 0.7 percentage points (-5.82 percent) in 2022 in comparison to the previous year. Therefore, the share in Ghana saw its lowest number in that year with 11.35 percent. Domestic credit to the private sector by banks is defined as the financial resources directed towards the private sector from corporations receiving deposits (excluding banks). These resources can be provided in the form of loans, nonequity security purchases or trade credits.
According to the source, domestic credit to private sector refers 'to financial resources provided to the private sector by financial corporations, such as through loans, purchases of non-equity securities, and trade credits and other accounts receivable, that establish a claim for repayment'.
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World Bank. (May 30, 2024). Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2011 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
World Bank. "Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2011 to 2022." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
World Bank. (2024). Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2011 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
World Bank. "Domestic Credit Provided by Banks to The Private Sector as a Share of The Gross Domestic Product (Gdp) in Ghana from 2011 to 2022." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
World Bank, Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2011 to 2022 Statista, https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/ (last visited July 22, 2024)
Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2011 to 2022 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
