Military Expenditure in Ghana, 1960-2022

Military Expenditure in Ghana, 1960-2022

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TGM StatBox. (2024). Military Expenditure in Ghana, 1960-2022. TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Ghana
Published date: 2024
Note: Military expenditure by World Development Indicators (WDI) refers to the financial resources a country allocates for its armed forces. This includes spending on personnel (salaries, pensions), military equipment, infrastructure, operations, and research and development.
Key Takeaways
Ghana's military expenditure varied significantly, starting at 1.7% in 1960 and peaking at 2.7% in 1968. The increase during the mid-1960s aligns with political instability and military coups that required strengthened security measures. Spending sharply declined in the late 1970s and early 1980s, dropping to 0.3% in 1983, as economic challenges and reduced defense priorities dominated national policy.

The late 20th century saw a steady expenditure of approximately 0.3%, reflecting Ghana's peaceful transitions and reduced reliance on military solutions. A slight increase to 0.4% by 2020 indicates modest investments in modernizing its defense sector amid regional security challenges.

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