Formal Savings Statistics in Ghana (2026)
As of the 2024 data, 25.9% of adults in Ghana saved at a formal financial institution, per World Bank Global Findex. Up from 21.1% in 2021 to 25.9% in 2024 (+4.9 percentage points). Ghana ranks #5 of 36 economies in Sub-Saharan Africa on this measure, and #60 of 142 globally.
Key Statistics
- Latest value (2024)
- 25.9% (2024)
- Formal Savings in Ghana as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +4.9 pp (2024)
- Up from 21.1% in 2021 to 25.9% in 2024 (+4.9 percentage points).
- Earliest value in this dataset (2011)
- 16.1% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 16.1% in 2011 to 25.9% in 2024.
- Record high (2024)
- 25.9% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Ghana.
- Rank in Sub-Saharan Africa
- #5 of 36 (2024)
- Ghana ranks 5 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #60 of 142 (2024)
- Ghana ranks 60 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.9% (2024)
- Ghana (25.9%) is above the average of 13.9% across the 36 countries in Sub-Saharan Africa with data.
- Among women (2024)
- 18.6% (2024)
- Value for women in Ghana, same 2024 World Bank Global Findex data.
- Among men (2024)
- 33.9% (2024)
- Value for men in Ghana, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −15.3 pp (2024)
- In 2024, the figure was 18.6% for women and 33.9% for men — 15.3 percentage points lower among women.
- In rural areas (2024)
- 25% (2024)
- Value for rural residents of Ghana in 2024.
- Rural gap vs national
- −0.9 pp (2024)
- Rural residents (25%) are 0.9 percentage points below the national figure (25.9%).
- Among the poorest 40% (2024)
- 13.8% (2024)
- Value for adults in the poorest 40% of households in Ghana in 2024.
- Poorest-40% gap vs national
- −12.1 pp (2024)
- The poorest 40% (13.8%) are 12.1 percentage points below the national figure (25.9%).
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 25.9% | +4.9 pp |
| 2021 | 21.1% | +4.9 pp |
| 2017 | 16.2% | −2.4 pp |
| 2014 | 18.6% | +2.5 pp |
| 2011 | 16.1% | — |
Frequently asked questions
What share of adults in Ghana saved at a formal financial institution?
25.9% of adults in Ghana saved at a formal financial institution in 2024, according to World Bank Global Findex data.
Where does Ghana rank globally on formal savings?
Ghana ranks 60 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Is there a gender gap in formal savings in Ghana?
Yes — in 2024 the figure was 18.6% for women and 33.9% for men, a gap of 15.3 percentage points in favor of men.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .