Deposit Interest Rate in Ghana decreased to 13.17 percent in the first quarter of 2016 from 13.22 percent in the fourth quarter of 2015. Deposit Interest Rate in Ghana averaged 17.24 percent from 1978 until 2016, reaching an all time high of 36.02 percent in the fourth quarter of 1997 and a record low of 7.58 percent in the fourth quarter of 2006.

Deposit Interest Rate in Ghana is expected to be 12.17 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Ghana to stand at 12.17 in 12 months time. In the long-term, the Deposit Interest Rate in Ghana is projected to trend around 13.92 percent in 2020, according to our econometric models.

Deposit Interest Rate in Ghana
Forecast Data Chart
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Ghana Money Last Previous Highest Lowest Unit
Interest Rate 16.00 16.00 27.50 12.50 percent [+]
Banks Balance Sheet 103353.18 104455.92 106222.76 1923.60 GHS Million [+]
Foreign Exchange Reserves 7024.78 6854.14 8289.71 300.26 USD Million [+]
Central Bank Balance Sheet 67322.44 66236.01 67322.44 4630.30 GHS Million [+]

Deposit Interest Rate in Ghana

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Ghana. Deposit Interest Rate in Ghana - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.17 13.22 36.02 7.58 1978 - 2016 percent Quarterly

Country Last Previous
Argentina 51.63 May/19
Turkey 22.50 Apr/19
South Africa 7.12 Feb/19
Brazil 6.19 Mar/19
Russia 6.12 Mar/19
Indonesia 5.25 May/19
Mexico 3.69 Feb/19
Saudi Arabia 3.40 May/19
South Korea 2.07 Feb/19
Australia 1.85 Apr/19
Canada 1.81 May/19
United Kingdom 0.50 May/19
China 0.35 Apr/19
Singapore 0.20 Apr/19
Japan -0.22 May/19
Switzerland -0.31 Mar/19
Euro Area -0.40 Apr/19