Insurance and Financial Services (As % of Service Exports, BoP) in Ghana

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.05 % in 2016 in Ghana, according to the National Central Bank / OECD. This is 89.2 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ghana reached an all time high of 5.35 % in 1975 and an all time low of 0.444 % in 2015. When compared to Ghana's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Benin amounted to 3.74 %, 0.056 % in Ivory Coast and 1.97 % in Togo in 2016.

Ghana has been ranked 115th within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 4 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

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