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

The central bank of Ghana lowered its benchmark interest rate by 200bps to 23.5 percent on March 27th 2017, compared to market expectations of a 50bps cut. It is the second rate cut since 2011 amid a slowdown in inflation. Consumer prices rose 13.2 percent year-on-year in February of 2017, the least since November of 2013, mainly due to a decline in transportation cost. Inflation is projected to ease further to the medium term target of 8 percent. The central bank expects growth to remain significantly below potential, which alongside with an improved in inflation provides some scope for more monetary easing. 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 Reference Actual Previous Consensus Forecast (i)
2016-11-21 11:40 AM Interest Rate Decision 25.5% 26% 26%
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 11:30 AM Interest Rate Decision 23.5% 23.5%
2017-07-24 11:30 AM Interest Rate Decision
2017-09-25 11:30 AM Interest Rate Decision




Ghana Money Last Previous Highest Lowest Unit
Interest Rate 23.50 25.50 27.50 12.50 percent [+]
Foreign Exchange Reserves 6401.56 6161.80 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 54084.71 52485.68 54084.71 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23.50 25.50 27.50 12.50 2002 - 2017 percent Daily



Last
Argentina 26.25 Apr/17
Ghana 23.50 Mar/17
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Malawi 22.00 Mar/17
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Haiti 20.00 Mar/17
Iran 18.00 Dec/16
Angola 16.00 Apr/17
Tajikistan 16.00 Mar/17
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Liberia 13.70 Mar/17
Ukraine 13.00 Apr/17
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Suriname 12.50 Dec/15
Seychelles 12.38 Feb/17
Sierra Leone 12.00 Mar/17
Tanzania 12.00 Mar/17
Djibouti 11.60 Dec/15
Brazil 11.25 Apr/17
Kazakhstan 11.00 Apr/17
Uganda 11.00 Apr/17
Zimbabwe 10.68 Dec/16
Kenya 10.00 Mar/17
Lebanon 10.00 Mar/17
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China 4.35 Mar/17
Laos 4.25 Mar/17
Peru 4.25 Apr/17
Tunisia 4.25 Mar/17
Bahamas 4.00 Mar/17
Iraq 4.00 Mar/17
Mauritius 4.00 Mar/17
Serbia 4.00 Apr/17
Algeria 3.50 Mar/17
Macedonia 3.25 Feb/17
Barbados 3.11 Mar/17
Guatemala 3.00 Mar/17
Libya 3.00 Mar/17
Malaysia 3.00 Mar/17
Philippines 3.00 Mar/17
Chile 2.75 Apr/17
Kuwait 2.75 Mar/17
Belize 2.50 Mar/17
Croatia 2.50 Feb/17
Cameroon 2.45 Mar/17
Central African Republic 2.45 Mar/17
Chad 2.45 Mar/17
Equatorial Guinea 2.45 Mar/17
Gabon 2.45 Mar/17
Republic of the Congo 2.45 Mar/17
Cuba 2.25 Mar/17
Morocco 2.25 Mar/17
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Romania 1.75 Mar/17
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Australia 1.50 Apr/17
Poland 1.50 Apr/17
Thailand 1.50 Mar/17
Oman 1.48 Mar/17
Taiwan 1.38 Mar/17
Albania 1.25 Mar/17
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Hong Kong 1.25 Mar/17
Macau 1.25 Mar/17
South Korea 1.25 Apr/17
Comoros 1.15 Jan/17
United States 1.00 Mar/17
Hungary 0.90 Mar/17
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Singapore 0.57 Mar/17
Canada 0.50 Apr/17
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Norway 0.50 Mar/17
New Caledonia 0.25 Mar/17
United Kingdom 0.25 Mar/17
Israel 0.10 Apr/17
Czech Republic 0.05 Mar/17
Austria 0.00 Mar/17
Belgium 0.00 Mar/17
Bulgaria 0.00 Apr/17
Cyprus 0.00 Mar/17
Estonia 0.00 Mar/17
Euro Area 0.00 Mar/17
Finland 0.00 Mar/17
France 0.00 Mar/17
Germany 0.00 Mar/17
Greece 0.00 Mar/17
Ireland 0.00 Mar/17
Italy 0.00 Mar/17
Latvia 0.00 Mar/17
Lithuania 0.00 Mar/17
Luxembourg 0.00 Mar/17
Malta 0.00 Mar/17
Netherlands 0.00 Mar/17
Portugal 0.00 Mar/17
Slovakia 0.00 Mar/17
Slovenia 0.00 Mar/17
Spain 0.00 Mar/17
Japan -0.10 Mar/17
Sweden -0.50 Mar/17
Denmark -0.65 Mar/17
Switzerland -0.75 Mar/17