The benchmark interest rate in Ghana was last recorded at 25 percent. This dataset provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

CEIC extends history for monthly average Exchange Rate against USD. The Bank of Ghana provides average Exchange Rate against USD. Exchange Rate against USD prior to July 1971 is sourced from the International Monetary Fund.


Key information about Ghana Exchange Rate against USD

• 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.

Ghana GH: Total Reserces: Months of Imports data was reported at 1.854 NA in 2023. This records a decrease from the previous number of 1.984 NA for 2022. Ghana GH: Total Reserces: Months of Imports data is updated yearly, averaging 2.847 NA from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 6.611 NA in 1985 and a record low of 1.076 NA in 2000. Ghana GH: Total Reserces: Months of Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.IDS: Foreign Reserves: Annual. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services they could pay for [Reserves/(Imports/12)].

The Gross Domestic Product (GDP) in Ghana was worth 82.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Ghana represents 0.08 percent of the world economy. This dataset provides the latest reported value for - Ghana GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Ghana GH: Total Reserves: Months of Imports data was reported at 3.344 NA in 2017. This records an increase from the previous number of 3.201 NA for 2016. Ghana GH: Total Reserves: Months of Imports data is updated yearly, averaging 3.168 NA from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 6.957 NA in 1985 and a record low of 1.067 NA in 2000. Ghana GH: Total Reserves: Months of Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Foreign Reserves. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services they could pay for [Reserves/(Imports/12)].; ; International Monetary Fund, International Financial Statistics and data files.; Weighted average;

Bank Lending Rate in Ghana decreased to 34.50 percent in May from 35.50 percent in April of 2018. This dataset provides - Ghana Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of February 2025, **** percent of the population aged 15 years and older had a mobile money account in Ghana. This remained stable from the two previous years. Compared to 2018, a notable increase is observed.

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.

CEIC calculates monthly Policy Rate from daily Monetary Policy Rate. The Bank of Ghana provides daily Monetary Policy Rate.


Related information about Ghana Policy Rate

• 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.

Foreign Exchange Reserves in Ghana increased to 10672.10 USD Million in April from 10172.30 USD Million in March of 2025. This dataset provides - Ghana Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, personal remittances received in Ghana amounted to *** billion U.S. dollars, increasing slightly from the preceding year. Within the period under study, the peak, and trough of personal remittances received in the country were reached in 2015 and 2013, at five billion U.S. dollars and *** billion U.S. dollars, respectively.

Abstract

Many of North Volta Rural Bank's customers who are salaried workers, and therefore receive their pay via direct deposit to NVRB, make frequent use of high interest payday loans (temporary overdrafts). As part of a randomized controlled trial, including 245 men and 75 women, NVRB offered a product to these customers in which they commit to having a fixed amount taken directly from their salary and put in a commitment savings account, for an 18-month period.

The key questions this study is designed to answer are (i) How do individuals adjust their finances in response to regular, automated savings withdrawals? (ii) What do they spend the lump sum on? (iii) Are there any long-term impacts of having participated in the commitment savings program on economic activities, savings, debt, or spending behavior? (iv) How are these impacts different for men versus for women?

The baseline survey data collection for this study took place during September and October 2013. This baseline dataset includes data from 318 individuals: 243 men and 75 women.

Geographic coverage

The study sample is comprised of individuals holding bank accounts with North Volta Rural Bank (NVRB), which is a fairly small bank with just eight branches, all of which are in the northern part of Ghana’s Volta Region. NVRB’s eight branches are located in eight communities across five districts: Dambai in Kratchi East District; Abotoase in the Biakoye District; Ayoma, Guaman and Jasikan in Jasikan District; Kedjebi and Papase in Kedjebi District; and Nkwanta in the Nkwanta South District. Study participants reside in predominantly rural communities in the following districts: Jasikan, Kratchi East, Kratchi West, Biakoye, Nkwanta North, Nkwanta South. Additionally, some study participants live in the larger municipalities of Hohoe and Kpando.

Analysis unit

Individuals

Universe

This baseline survey dataset is comprised of 318 individuals who are account-holders with North Volta Rural Bank and who have their salary directly deposited into an NVRB account, and who consented to participate in this baseline survey.

Gender: 243 are men and 75 are women.

Occupation: All are salaried workers. 31 are staff of NVRB, and most of the other 287 individuals are civil servants. Many are also involved in other livelihood activities.

Education: Most study participants are secondary school graduates.

Age: All are between the ages of 18 and 57 at the time of baseline. 18 is the minimum age for holding a bank account with NVRB, and the study sought to exclude individuals who would retire during the study’s two-year duration, and Ghanaian civil servants are required to retire at age 60. At baseline, the average age of study participants was 30.

Residence: All resided in the study area at the time of the baseline survey.

Mode of data collection

Face-to-face [f2f]

Research instrument

Data was collected from individuals using a household survey administered to the study participants. The survey was written and administered in English, and took approximately 90 to 120 minutes to administer.

The questionnaire covers the following: 1 - Respondent ID and survey information 2 - Demographics 3- Questions using a 10-step ladder 4 - Expenditures 5 - Hypothetical use of a hypothetical lump-sum transfer 6 - General questions on finances, financial strain, self-control, and financial literacy 7 - Time preferences 8 - Household roster, including financial support provided to individuals outside of the household 9 - Food security and financial shocks 10 - Housing quality and household assets 11 - Income 12 - Savings 13 - Debt 14 - Intra-household decision-making and preference alignment 15 - Livestock 16 - Land

Cleaning operations

Survey responses were recorded on paper, and were entered using double-data entry and reconciliation.

Data appraisal

A minimum of 10% of survey participants were visited by an independent auditor who completed an audit questionnaire with the household, which was then compared to the household survey for that individual. Discrepancies found during the audit resulted in additional training, guidance, and changes in personnel as needed.

Ghana GH: Official Exchange Rate: Average: per USD data was reported at 4.351 GHS/USD in 2017. This records an increase from the previous number of 3.910 GHS/USD for 2016. Ghana GH: Official Exchange Rate: Average: per USD data is updated yearly, averaging 0.024 GHS/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 4.351 GHS/USD in 2017 and a record low of 0.000 GHS/USD in 1966. Ghana GH: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Ghana GH: Stocks Traded: Turnover Ratio of Domestic Shares data was reported at 8.201 % in 2011. This records an increase from the previous number of 3.454 % for 2010. Ghana GH: Stocks Traded: Turnover Ratio of Domestic Shares data is updated yearly, averaging 3.657 % from Dec 1993 (Median) to 2011, with 19 observations. The data reached an all-time high of 15.183 % in 2004 and a record low of 0.974 % in 1996. Ghana GH: Stocks Traded: Turnover Ratio of Domestic Shares data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Financial Sector. Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Key information about Ghana Non Performing Loans Ratio

• Ghana Non Performing Loans Ratio stood at 21.8 % in Dec 2024, compared with the ratio of 21.8 % in the previous month
• Ghana Non Performing Loans Ratio data is updated monthly, available from Dec 2005 to Dec 2024
• The data reached an all-time high of 26.7 % in Mar 2024 and a record low of 6.1 % in Sep 2007

The Bank of Ghana provides Non Performing Loans Ratio

In 2021, the total number of staff in Ecobank Ghana stood at *****. Ecobank Ghana's staff declined from ***** in 2020, showing that the number of employees at the bank decreased by ** over the course of a year. Ecobank Ghana is a financial institution based in Ghana that provides a wide range of banking products and services to its customers. It is a subsidiary of Ecobank Transnational Inc., is a leading pan-African banking group with operations in ** African countries.

M-Pesa – one of the largest mobile money services in Africa – has seen a steady increase in customer numbers from 2017 to 2024, eventually reaching over **** million customers in the financial year ending 31 March 2024. M-Pesa is a mobile money service run by Vodafone and Kenyan telecommunications provider Safaricom, that provides payment and financial services, even if a customer has no access to a bank account. M-Pesa is also Known as Vodafone Cash in Ghana and Egypt.

The number of international tourist arrivals in Africa was forecast to continuously increase between 2024 and 2029 by in total 26.7 million arrivals (+31.16 percent). After the ninth consecutive increasing year, the arrivals is estimated to reach 112.38 million arrivals and therefore a new peak in 2029. Depicted is the number of inbound international tourists. According to World Bank this refers to tourists travelling to a country which is not their usual residence, whereby the main purpose is not work related and the planned visitation period does not exceed 12 months. The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the number of international tourist arrivals in countries like Caribbean and Worldwide.