Military spending in Ghana

Ghana: Military spending was 318.88 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
318.88 million constant 2022 US$
Change on year
up 4.2%
World rank
126th
of 172 countries
All-time high
369.76 million constant 2022 US$
in 1975
All-time low
35.18 million constant 2022 US$
in 1957
Years of data
67
1957–2023

Military spending in Ghana, 1957–2023

0100.0M200.0M300.0M400.0M195719902023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in Ghana stood at 318.88 million constant 2022 US$.

Compared with earlier readings it is up 4.2% on the previous year and up 8.9% over ten years.

Over the whole period, military spending in Ghana peaked at 369.76 million constant 2022 US$ in 1975 and was at its lowest, 35.18 million constant 2022 US$, in 1957.

That places Ghana 126th out of 172 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1950s 49.88 million constant 2022 US$ 35.18 million constant 2022 US$ 74.14 million constant 2022 US$ 3
1960s 246.25 million constant 2022 US$ 125.31 million constant 2022 US$ 344.08 million constant 2022 US$ 10
1970s 314.83 million constant 2022 US$ 257.92 million constant 2022 US$ 369.76 million constant 2022 US$ 10
1980s 132.19 million constant 2022 US$ 50.61 million constant 2022 US$ 264.00 million constant 2022 US$ 10
1990s 98.71 million constant 2022 US$ 61.87 million constant 2022 US$ 126.46 million constant 2022 US$ 10
2000s 92.69 million constant 2022 US$ 58.76 million constant 2022 US$ 135.09 million constant 2022 US$ 10
2010s 238.37 million constant 2022 US$ 141.81 million constant 2022 US$ 295.49 million constant 2022 US$ 10
2020s 311.85 million constant 2022 US$ 303.10 million constant 2022 US$ 319.26 million constant 2022 US$ 4

Countries ranked near Ghana

  1. 123 Gabon 342.88 million constant 2022 US$ compare
  2. 124 Niger 341.19 million constant 2022 US$ compare
  3. 125 Trinidad and Tobago 323.77 million constant 2022 US$ compare
  4. 127 Togo 314.46 million constant 2022 US$ compare
  5. 128 Lebanon 307.11 million constant 2022 US$ compare
  6. 129 Mauritania 293.81 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Ghana

All data for Ghana →

Frequently asked questions

What is military spending in Ghana?
Military spending in Ghana was 318.88 million constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Ghana?
The highest recorded value was 369.76 million constant 2022 US$ in 1975.
What is the lowest military spending recorded in Ghana?
The lowest recorded value was 35.18 million constant 2022 US$ in 1957.
How does Ghana rank for military spending?
Ghana ranks 126th out of 172 countries with data for 2023.
Is military spending rising or falling in Ghana?
Over the last ten years it is up 8.9%. The long-run trend across the full record is volatile.
Where does this Ghana data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.