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

The Bank of Ghana kept its prime lending rate steady at 17 percent at its July 2018 meeting, as widely expected and after trimming it by 100 bps in the previous meeting. Policymakers said the decision is consistent given the circumstances and especially regarding the global outlook. The Committee noted that inflation rate trended up in the last months boosted by cost of petroleum and transportation, still remaining well-anchored and unchanging its trajectory over the medium-term. The annual inflation rate rose to 10 percent in June of 2018 from 9.8 percent in May. Policymakers also said that Ghanaian economy is expected to remain robust, although private sector credit growth is below expectations. 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
2018-03-26 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% 17% 17%
2018-09-24 11:00 AM Interest Rate Decision 17% 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 7294.10 7835.13 8289.71 300.26 USD Million [+]
Banks Balance Sheet 98164.43 97569.57 98164.43 1923.60 GHS Million [+]
Deposit Interest Rate 13.30 12.90 35.76 8.89 percent [+]
Central Bank Balance Sheet 62726.80 62853.72 62853.72 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 September 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
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Aug/18
India 6.50 Aug/18
South Africa 6.50 Aug/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Aug/18
Switzerland -0.75 Aug/18


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