The number of depositors at commercial banks in Ghana has shown significant growth from 2013 to 2023. Starting at 448.25 units per thousand persons in 2013, the number increased to 841.46 by 2023, equating to a year-on-year variation of 4.46%. Notable fluctuations were observed, such as the dip in 2016 and 2021, but overall, the trend remained positive. The 5-year compound annual growth rate (CAGR) from 2019 to 2023 was 3.02%.
Future trends suggest continued growth, with forecasted values reaching 1020 units per thousand persons by 2028, reflecting a forecasted 5-year growth rate of 16.05% and a CAGR of 3.02%. Key points to watch include variability in year-on-year growth and external economic factors influencing depositor behavior.
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