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

The Bank of Ghana held its prime lending rate at 21 percent on September 25th, 2017 while markets were expecting a 100 bps cut. Policymakers said it was time to pause the easing cycle due to emerging risks to the inflation outlook, namely upward adjustments in ex-pump petroleum prices which are likely to transmit through prices in the coming months. The country's annual inflation rate jumped to 12.3 percent in August 2017 from a four-year low of 11.9 percent in July, largely due to a base effect and higher petroleum prices. Interest Rate in Ghana averaged 18.06 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 TEForecast
2017-05-22 11:20 AM Interest Rate Decision 22.5% 23.5% 22.5% 23.5%
2017-07-24 12:00 PM Interest Rate Decision 21% 22.5% 21.5% 21.5%
2017-09-25 11:30 AM Interest Rate Decision 21% 21% 20% 20.5%
2017-11-27 11:30 AM Interest Rate Decision 21% 20.5%


Ghana Money Last Previous Highest Lowest Unit
Interest Rate 21.00 21.00 27.50 12.50 percent [+]
Foreign Exchange Reserves 6850.69 7082.58 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 54449.59 55292.28 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.00 21.00 27.50 12.50 2002 - 2017 percent Daily




interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17