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

The Bank of Ghana lowered its prime lending rate by 200 bps to 18 percent at its March 2018 meeting, compared to market expectations of a 100 bps cut. It is the first cut so far this year, bringing borrowing cost to the lowest level since 2014. Policymakers said the medium-term inflation target of 8 ±2 percent is on course after a disinflation process in the first two months of the year. The Committee added that economic growth prospects remain positive and are expected to be supported by crude oil production and business and consumer confidence. Interest Rate in Ghana averaged 18.12 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
2017-11-27 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 18% 20% 19% 20.00%
2018-05-21 12:00 PM Interest Rate Decision 18% 17% 18.00%
2018-07-23 12:00 PM Interest Rate Decision 18.00%
2018-09-24 12:00 PM Interest Rate Decision 18.00%


Ghana Money Last Previous Highest Lowest Unit
Interest Rate 18.00 18.00 27.50 12.50 percent [+]
Foreign Exchange Reserves 6941.95 7106.02 8289.71 300.26 USD Million [+]
Banks Balance Sheet 93249.13 93300.48 93300.48 1923.60 GHS Million [+]
Deposit Interest Rate 13.30 12.90 35.76 8.89 percent [+]
Central Bank Balance Sheet 56750.68 56309.07 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.00 18.00 27.50 12.50 2002 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Apr/18
Mexico 7.50 May/18
Russia 7.25 Apr/18
Brazil 6.50 May/18
India 6.00 Apr/18
Indonesia 4.50 May/18
China 4.35 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 May/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18


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