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

The Bank of Ghana left its prime lending rate unchanged at 20 percent at its January 2018 meeting, compared to expectations of 25 bps cut. The decision aims to bring inflation to the medium term target of 8 ±2 percent after rising in the last two months amid higher domestic food and international crude oil prices. Inflation edged up to 11.8 percent in December of 2017 from 11.7 percent in November, after touching a 4-year low of 11.6 percent in October. Despite the recent uptick, inflation expectations appear to be well anchored. Policymakers also noted that improvements in the economy and in investor confidence are expected to continue in 2018. Interest Rate in Ghana averaged 18.11 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
2017-09-25 11:30 AM Interest Rate Decision 21% 21% 20% 20.5%
2017-11-27 02:00 PM Interest Rate Decision 20% 21% 21%
2018-01-22 11:30 AM Interest Rate Decision 20% 20% 19.75% 19.75%
2018-03-26 12:00 PM Interest Rate Decision 20%
2018-05-21 12:00 PM Interest Rate Decision
2018-07-23 12:00 PM Interest Rate Decision


Ghana Money Last Previous Highest Lowest Unit
Interest Rate 20.00 20.00 27.50 12.50 percent [+]
Foreign Exchange Reserves 6938.50 6850.69 8289.71 300.26 USD Million [+]
Banks Balance Sheet 81374.98 80809.19 85759.02 1923.60 GHS Million [+]
Deposit Interest Rate 13.30 12.90 35.76 8.89 percent [+]
Central Bank Balance Sheet 55526.64 54449.59 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 27.50 12.50 2002 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Jan/18
Russia 7.75 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Jan/18
Australia 1.50 Dec/17
South Korea 1.50 Jan/18
United States 1.50 Dec/17
Canada 1.25 Jan/18
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Jan/18
Switzerland -0.75 Dec/17


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