Ghana Interest Rate  2002-2018 | Data | Chart | Calendar | Forecast | News

The Bank of Ghana cut its prime lending rate by 100 bps to 17 percent at its May 2018 meeting, matching market expectations. The move follows a 200 bsp slash in the previous meeting and brings borrowing cost to the lowest level since 2014. Policymakers said the inflation rate trended within the medium-term target (8 ±2 percent) and it is expected to continue the disinflation path. The annual inflation rate declined to 9.6 percent in April from 10.4 percent in March, mostly due to lower prices of transport and housing and utilities. Interest Rate in Ghana averaged 18.10 percent from 2002 until 2018, reaching an all time high of 27.50 percent in March of 2003 and a record low of 12.50 percent in December of 2006.

Ghana Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-22 11:30 AM Interest Rate Decision 20% 20% 19.75% 19.75%
2018-03-26 12:00 PM Interest Rate Decision 18% 20% 19% 20.00%
2018-05-21 12:00 PM Interest Rate Decision 17% 18% 17% 18.00%
2018-07-23 12:00 PM Interest Rate Decision 17% 17%
2018-09-24 12:00 PM Interest Rate Decision 17%
2018-11-26 12:00 PM Interest Rate Decision 17%


Ghana Money Last Previous Highest Lowest Unit
Interest Rate 17.00 17.00 27.50 12.50 percent [+]
Foreign Exchange Reserves 6901.10 7040.94 8289.71 300.26 USD Million [+]
Banks Balance Sheet 97811.06 93367.04 97811.06 1923.60 GHS Million [+]
Deposit Interest Rate 13.30 12.90 35.76 8.89 percent [+]
Central Bank Balance Sheet 58752.74 59004.28 61659.09 4630.30 GHS Million [+]


Ghana Interest Rate

In Ghana, interest rates decisions are taken by the Monetary Policy Committee of the Bank of Ghana. The official interest rate is the Monetary Policy Rate (MPR). This page provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.00 27.50 12.50 2002 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 5.25 Jun/18
China 4.35 Jun/18
United States 2.00 Jun/18
Australia 1.50 Jul/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.50 Jul/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18


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