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.

Military spending in Ghana, year by year

Annual values for Military spending in Ghana, 1957 to 2023.
Year constant 2022 US$ Change
1957 35.18 million constant 2022 US$
1958 40.33 million constant 2022 US$ +14.6%
1959 74.14 million constant 2022 US$ +83.9%
1960 125.31 million constant 2022 US$ +69.0%
1961 177.42 million constant 2022 US$ +41.6%
1962 198.70 million constant 2022 US$ +12.0%
1963 215.47 million constant 2022 US$ +8.4%
1964 225.08 million constant 2022 US$ +4.5%
1965 240.29 million constant 2022 US$ +6.8%
1966 264.20 million constant 2022 US$ +9.9%
1967 332.48 million constant 2022 US$ +25.8%
1968 344.08 million constant 2022 US$ +3.5%
1969 339.50 million constant 2022 US$ -1.3%
1970 322.62 million constant 2022 US$ -5.0%
1971 290.65 million constant 2022 US$ -9.9%
1972 257.92 million constant 2022 US$ -11.3%
1973 268.36 million constant 2022 US$ +4.0%
1974 335.56 million constant 2022 US$ +25.0%
1975 369.76 million constant 2022 US$ +10.2%
1976 355.67 million constant 2022 US$ -3.8%
1977 323.92 million constant 2022 US$ -8.9%
1978 327.58 million constant 2022 US$ +1.1%
1979 296.30 million constant 2022 US$ -9.5%
1980 264.00 million constant 2022 US$ -10.9%
1981 258.87 million constant 2022 US$ -1.9%
1982 241.71 million constant 2022 US$ -6.6%
1983 91.47 million constant 2022 US$ -62.2%
1984 91.37 million constant 2022 US$ -0.1%
1985 99.47 million constant 2022 US$ +8.9%
1986 90.24 million constant 2022 US$ -9.3%
1987 76.05 million constant 2022 US$ -15.7%
1988 50.61 million constant 2022 US$ -33.5%
1989 58.15 million constant 2022 US$ +14.9%
1990 61.87 million constant 2022 US$ +6.4%
1991 68.02 million constant 2022 US$ +9.9%
1992 76.07 million constant 2022 US$ +11.8%
1993 82.16 million constant 2022 US$ +8.0%
1994 100.11 million constant 2022 US$ +21.9%
1995 116.09 million constant 2022 US$ +16.0%
1996 118.38 million constant 2022 US$ +2.0%
1997 124.61 million constant 2022 US$ +5.3%
1998 126.46 million constant 2022 US$ +1.5%
1999 113.31 million constant 2022 US$ -10.4%
2000 74.97 million constant 2022 US$ -33.8%
2001 59.73 million constant 2022 US$ -20.3%
2002 58.76 million constant 2022 US$ -1.6%
2003 65.35 million constant 2022 US$ +11.2%
2004 79.02 million constant 2022 US$ +20.9%
2005 93.22 million constant 2022 US$ +18.0%
2006 107.45 million constant 2022 US$ +15.3%
2007 120.36 million constant 2022 US$ +12.0%
2008 132.99 million constant 2022 US$ +10.5%
2009 135.09 million constant 2022 US$ +1.6%
2010 141.81 million constant 2022 US$ +5.0%
2011 176.41 million constant 2022 US$ +24.4%
2012 180.03 million constant 2022 US$ +2.0%
2013 292.73 million constant 2022 US$ +62.6%
2014 292.83 million constant 2022 US$ +0.0%
2015 267.50 million constant 2022 US$ -8.7%
2016 234.62 million constant 2022 US$ -12.3%
2017 242.94 million constant 2022 US$ +3.5%
2018 259.31 million constant 2022 US$ +6.7%
2019 295.49 million constant 2022 US$ +14.0%
2020 303.10 million constant 2022 US$ +2.6%
2021 319.26 million constant 2022 US$ +5.3%
2022 306.16 million constant 2022 US$ -4.1%
2023 318.88 million constant 2022 US$ +4.2%

Ghana compared with similar countries

  • Ghana's 318.88 million constant 2022 US$ is below the median for lower middle income countries, which is 485.52 million constant 2022 US$, 66% of the median. (42 countries reporting)
  • Ghana's 318.88 million constant 2022 US$ is below the median for Sub-Saharan Africa, which is 350.64 million constant 2022 US$, 91% of the median. (46 countries reporting)

Biggest year-on-year movements

Years where Military spending in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1959 +83.9% 40.33 million constant 2022 US$ 74.14 million constant 2022 US$

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.

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Military spending in Ghana. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/ghana/

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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.