In 2023, the credit granted to the private sector by commercial banks as share of GDP in Ghana decreased by 2.1 percentage points (-18.63 percent) compared to 2022. Therefore, 2023 marks the lowest share during the observed period. 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. (October 24, 2024). Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2012 to 2023 [Graph]. In Statista. Retrieved November 21, 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 2012 to 2023." Chart. October 24, 2024. Statista. Accessed November 21, 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 2012 to 2023. Statista. Statista Inc.. Accessed: November 21, 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 2012 to 2023." Statista, Statista Inc., 24 Oct 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 2012 to 2023 Statista, https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/ (last visited November 21, 2024)
Domestic credit provided by banks to the private sector as a share of the Gross Domestic Product (GDP) in Ghana from 2012 to 2023 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1272797/bank-domestic-credit-to-private-sector-as-share-of-gdp-ghana/
