The benchmark interest rate in Ghana was last recorded at 28 percent. This dataset provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Policy Rate: Month End: Bank of Ghana data was reported at 17.000 % pa in Nov 2018. This stayed constant from the previous number of 17.000 % pa for Oct 2018. Policy Rate: Month End: Bank of Ghana data is updated monthly, averaging 17.000 % pa from Nov 2002 (Median) to Nov 2018, with 193 observations. The data reached an all-time high of 27.500 % pa in Jun 2003 and a record low of 12.500 % pa in Jan 2012. Policy Rate: Month End: Bank of Ghana data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M001: Monetary Policy Rate.

Key information about Ghana Policy Rate

• Ghana cash rate (Policy Rate: Month End: Ghana) was set at 29.50 % pa in May 2023, compared with 29.50 % pa in the previous Apr 2023.
• Ghana Policy Rate averaged 16.50 % pa and is updated monthly, available from Nov 2002 to May 2023.
• The data reached an all-time high of 29.50 % pa in May 2023 and a record low of 12.50 % pa in Jan 2012.

• In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 19.67 % pa in Apr 2023.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years) was reported at 29.85 % pa in Dec 2022.
• Ghana Exchange Rate against USD averaged 10.92 (USD/GHS) in May 2023.
• Its Real Effective Exchange Rate was 74.57 in Apr 2023.

Policy Rate: Bank of Ghana: Annual data was reported at 20.000 % pa in 2017. This records a decrease from the previous number of 25.500 % pa for 2016. Policy Rate: Bank of Ghana: Annual data is updated yearly, averaging 17.500 % pa from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 26.000 % pa in 2015 and a record low of 12.500 % pa in 2011. Policy Rate: Bank of Ghana: Annual data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M001: Monetary Policy Rate.

Key information about Ghana Short Term Interest Rate

• Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 27.73 % pa in Dec 2024, compared with 26.89 % pa in the previous month.
• Ghana Short Term Interest Rate data is updated monthly, available from Aug 1996 to Dec 2024.
• The data reached an all-time high of 47.93 % pa in Nov 1997 and a record low of 9.13 % pa in Oct 2011.
• Short Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, Ghana Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years was reported at 29.85 % pa in Nov 2024.
• The cash rate (Policy Rate: Month End: Ghana) was set at 29.50 % pa in Jun 2023.
• Ghana Exchange Rate against USD averaged 15.49 (USD/GHS) in Feb 2025.

Bank of Ghana Bills Yield: Interest Rate Equivalent: 56 Days data was reported at 16.980 % pa in Sep 2018. This stayed constant from the previous number of 16.980 % pa for Aug 2018. Bank of Ghana Bills Yield: Interest Rate Equivalent: 56 Days data is updated monthly, averaging 16.820 % pa from Sep 2004 (Median) to Sep 2018, with 169 observations. The data reached an all-time high of 25.870 % pa in Aug 2014 and a record low of 0.000 % pa in Feb 2006. Bank of Ghana Bills Yield: Interest Rate Equivalent: 56 Days data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M005: Bank of Ghana Bills Yield.

Using Least Square Residual Minimization techniques, this paper develops an optimal reserve model, known as the OPREM model, which is essential in optimizing the costs of reserve holding. The paper also sets-out to test and compare the relative predictions of economic trends of the OPREM model as well as the predictions of alternative models in literature. Establishing the predictive accuracy of economic trends of these models are crucial for the gradual and cost-effective accumulation of reserves. The research concludes that, the decision to optimize the cost of reserves under a stable currency environment is reliant on the gold impact factor and not on inflation or interest rates. We also found on further analysis of the OPREM that the OPREM model is better positioned to eliminate the procyclicality and perverse rush in reserve build-ups experienced in developing and emerging countries by effectively setting the reserve stock against economic trends. The research fixes the optimal reserves around a benchmark of 0.7–1.2 of previous year's optimal value. However, in the absence of past optimal values, a benchmark between 2 and 6 times of average inflows for short-term analysis or analysis with small data observations. However, for long-term analysis or analysis with large data frequency (i.e., exceeding 13 data observations), the reserve stock should be fixed on a benchmark of 2–9 times of the average inflows.

Ghana Treasury Bills, Notes and Bonds Yield: Interest Rate Equivalent: 182 Days data was reported at 13.850 % pa in Aug 2018. This records an increase from the previous number of 13.840 % pa for Jul 2018. Ghana Treasury Bills, Notes and Bonds Yield: Interest Rate Equivalent: 182 Days data is updated monthly, averaging 22.255 % pa from Dec 2009 (Median) to Aug 2018, with 92 observations. The data reached an all-time high of 27.310 % pa in Nov 2014 and a record low of 9.910 % pa in Oct 2011. Ghana Treasury Bills, Notes and Bonds Yield: Interest Rate Equivalent: 182 Days data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M006: Treasury Bills, Notes and Bonds Yield.

Bank of Ghana Bills Yield: Interest Rate Equivalent: 270 Days data was reported at 26.820 % pa in Sep 2018. This stayed constant from the previous number of 26.820 % pa for Aug 2018. Bank of Ghana Bills Yield: Interest Rate Equivalent: 270 Days data is updated monthly, averaging 26.820 % pa from Feb 2012 (Median) to Sep 2018, with 80 observations. The data reached an all-time high of 27.730 % pa in Oct 2014 and a record low of 19.520 % pa in Jan 2014. Bank of Ghana Bills Yield: Interest Rate Equivalent: 270 Days data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M005: Bank of Ghana Bills Yield.

Bank of Ghana Bills Yield: Interest Rate: 270 Days data was reported at 22.370 % pa in Sep 2018. This stayed constant from the previous number of 22.370 % pa for Aug 2018. Bank of Ghana Bills Yield: Interest Rate: 270 Days data is updated monthly, averaging 22.370 % pa from Feb 2012 (Median) to Sep 2018, with 80 observations. The data reached an all-time high of 23.000 % pa in Oct 2014 and a record low of 17.050 % pa in Jan 2014. Bank of Ghana Bills Yield: Interest Rate: 270 Days data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M005: Bank of Ghana Bills Yield.

政策利率：加纳银行：年度在12-01-2017达20.000年利率%，相较于12-01-2016的25.500年利率%有所下降。政策利率：加纳银行：年度数据按年更新，12-01-2002至12-01-2017期间平均值为17.500年利率%，共16份观测结果。该数据的历史最高值出现于12-01-2015，达26.000年利率%，而历史最低值则出现于12-01-2011，为12.500年利率%。CEIC提供的政策利率：加纳银行：年度数据处于定期更新的状态，数据来源于Bank of Ghana，数据归类于Global Database的加纳 – 表 GH.M001：货币政策利率。

政策利率：月结：加纳银行在11-01-2018达17.000年利率%，相较于10-01-2018的17.000年利率%保持不变。政策利率：月结：加纳银行数据按月更新，11-01-2002至11-01-2018期间平均值为17.000年利率%，共193份观测结果。该数据的历史最高值出现于06-01-2003，达27.500年利率%，而历史最低值则出现于01-01-2012，为12.500年利率%。CEIC提供的政策利率：月结：加纳银行数据处于定期更新的状态，数据来源于Bank of Ghana，数据归类于Global Database的加纳 – 表 GH.M001：货币政策利率。

Key information about Ghana Exchange Rate against USD

• Ghana Exchange Rate against USD averaged 15.486 (USD/GHS) in Feb 2025, compared with 14.972 USD/GHS in the previous month.
• Ghana Exchange Rate against USD data is updated monthly, available from Jan 1957 to Feb 2025.
• The data reached an all-time high of 15.989 in Oct 2024 and a record low of 0.000 in Jun 1967.

• In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 25.800 % pa in Oct 2024.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years) was reported at 29.850 % pa in Nov 2024.
• The cash rate (Policy Rate: Month End: Ghana) was set at 29.500 % pa in Jun 2023.

加纳银行票据收益：利率等价物：56天在09-01-2018达16.980年利率%，相较于08-01-2018的16.980年利率%保持不变。加纳银行票据收益：利率等价物：56天数据按月更新，09-01-2004至09-01-2018期间平均值为16.820年利率%，共169份观测结果。该数据的历史最高值出现于08-01-2014，达25.870年利率%，而历史最低值则出现于02-01-2006，为0.000年利率%。CEIC提供的加纳银行票据收益：利率等价物：56天数据处于定期更新的状态，数据来源于Bank of Ghana，数据归类于Global Database的加纳 – 表 GH.M005：加纳银行票据收益。

加纳银行票据收益：利率等价物：28天在09-01-2018达24.270年利率%，相较于08-01-2018的24.270年利率%保持不变。加纳银行票据收益：利率等价物：28天数据按月更新，09-01-2004至09-01-2018期间平均值为18.660年利率%，共169份观测结果。该数据的历史最高值出现于10-01-2014，达25.780年利率%，而历史最低值则出现于11-01-2007，为10.080年利率%。CEIC提供的加纳银行票据收益：利率等价物：28天数据处于定期更新的状态，数据来源于Bank of Ghana，数据归类于Global Database的加纳 – 表 GH.M005：加纳银行票据收益。