Business Working Capital Financing Statistics in Ghana (2026)
According to World Bank World Development Indicators data, 26% of firms in Ghana used banks to finance working capital in 2023. Up from 25.3% in 2013 to 26% in 2023 (+0.8 percentage points). Ghana ranks #15 of 45 economies in Sub-Saharan Africa on this measure, and #72 of 145 globally.
Key Statistics
- Latest value (2023)
- 26% (2023)
- Business Working Capital Financing in Ghana as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2013
- +0.8 pp (2023)
- Up from 25.3% in 2013 to 26% in 2023 (+0.8 percentage points).
- Earliest value in this dataset (2007)
- 21.4% (2007)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 21.4% in 2007 to 26% in 2023.
- Record high (2023)
- 26% (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for Ghana.
- Rank in Sub-Saharan Africa
- #15 of 45 (2023)
- Ghana ranks 15 of 45 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #72 of 145 (2023)
- Ghana ranks 72 of 145 countries with data globally.
- Sub-Saharan Africa average
- 20.6% (2023)
- Ghana (26%) is above the average of 20.6% across the 45 countries in Sub-Saharan Africa with data.
- Firms with a bank loan/line of credit (% of firms) (2023)
- 21.9% (2023)
- Related indicator from World Bank World Development Indicators.
- Internet use in Ghana (2024)
- 72.2% (2024)
- 72.2% of the population in Ghana used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 34.4 million (2024)
- Ghana had a population of 34.4 million in 2024 (World Bank); shown for scale only.
Trend, 2007–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 26% | +0.8 pp |
| 2013 | 25.3% | +3.8 pp |
| 2007 | 21.4% | — |
Frequently asked questions
What share of firms in Ghana used banks to finance working capital?
26% of firms in Ghana used banks to finance working capital in 2023, according to World Bank World Development Indicators data.
How has business working capital financing in Ghana changed over time?
World Bank World Development Indicators data show a rise from 21.4% in 2007 to 26% in 2023.
How does Ghana compare with other countries in Sub-Saharan Africa?
Ghana ranks 15 of 45 countries in Sub-Saharan Africa with data, with 26% versus a regional average of 20.6% (latest values per country).
Where does Ghana rank globally on business working capital financing?
Ghana ranks 72 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BKWC.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .