The Bank of Ghana held its monetary policy rate at 14.5 percent during its July meeting, with policymakers saying that there is a need to maintain macro-economic stability despite the slowdown brought by the coronavirus crisis. The country's consumer price inflation rate stood at 11.2 percent in June, not far from a 2-1/2-year high of 11.3 percent hit in May and well above the central bank's mid-point target of 8 percent.
Interest Rate in Ghana averaged 17.83 percent from 2002 until 2020, 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. This page provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Bank of Ghana
Interest Rate in Ghana is expected to be 14.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Ghana to stand at 16.00 in 12 months time. In the long-term, the Ghana Interest Rate is projected to trend around 16.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.