Ghana Interest Rate  2002-2017 | Data | Chart | Calendar | Forecast | News

The central bank of Ghana lowered its benchmark interest rate by 100bps to 22.5% on May 22nd, 2017, in line with market expectations, saying downside risks to growth outweigh the upside risks to inflation. It is the third consecutive rate cut as inflation is projected to ease to the medium-term target of 8 percent, supported by a tight policy stance and a stable currency. Policymakers added that economic activity has picked up, driven mainly by growth in private sector credit, improved business sentiments and easing credit stance. Furthermore, increased oil production from both Jubilee and TEN fields and further activity in the oil and gas sector from the Sankofa Gyenyame Ntomme fields by the third quarter should give added impetus to overall growth prospects. Interest Rate in Ghana averaged 17.92 percent from 2002 until 2017, 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 Forecast (i)
2017-01-23 11:30 AM Interest Rate Decision 25.5% 25.5% 25.5%
2017-03-27 11:30 AM Interest Rate Decision 23.5% 25.5% 25% 25.5%
2017-05-22 11:20 AM Interest Rate Decision 22.5% 23.5% 22.5% 23.5%
2017-07-24 11:30 AM Interest Rate Decision 22.5%
2017-09-25 11:30 AM Interest Rate Decision
2017-11-27 11:30 AM Interest Rate Decision




Ghana Money Last Previous Highest Lowest Unit
Interest Rate 22.50 23.50 27.50 12.50 percent [+]
Foreign Exchange Reserves 6396.78 6248.30 6401.56 300.26 USD Million [+]
Banks Balance Sheet 74035.20 70886.25 74035.20 1923.60 GHS Million [+]
Deposit Interest Rate 13.30 12.90 35.76 8.89 percent [+]
Central Bank Balance Sheet 55406.37 55029.89 55406.37 4630.30 GHS Million [+]


Ghana Interest Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
22.50 23.50 27.50 12.50 2002 - 2017 percent Daily



interest rate by Country

Last
Brazil 10.25 May/17
Russia 9.00 Jun/17
Turkey 8.00 Jun/17
Mexico 7.00 Jun/17
India 6.25 Jun/17
Indonesia 4.75 Jun/17
China 4.35 Jun/17
Australia 1.50 Jun/17
South Korea 1.25 May/17
United States 1.25 Jun/17
Canada 0.50 May/17
United Kingdom 0.25 Jun/17
Euro Area 0.00 Jun/17
France 0.00 Jun/17
Germany 0.00 Jun/17
Italy 0.00 Jun/17
Netherlands 0.00 Jun/17
Spain 0.00 Jun/17
Japan -0.10 Jun/17
Switzerland -0.75 Jun/17