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.

Ghana GH: Central Bank Policy Rate: End of Period data was reported at 20.000 % pa in 2017. This records a decrease from the previous number of 25.500 % pa for 2016. Ghana GH: Central Bank Policy Rate: End of Period data is updated yearly, averaging 17.500 % pa from Dec 1964 (Median) to 2017, with 54 observations. The data reached an all-time high of 45.000 % pa in 1997 and a record low of 4.500 % pa in 1965. Ghana GH: Central Bank Policy Rate: End of Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Ghana – Table GH.IMF.IFS: Money Market and Policy Rates: Annual.

Bank deposit interest rate, percent in Ghana, February, 2025 The most recent value is 11 percent as of February 2025, no change compared to the previous value of 11 percent. Historically, the average for Ghana from November 2015 to February 2025 is 12.51 percent. The minimum of 10.13 percent was recorded in July 2020, while the maximum of 15.9 percent was reached in December 2016. | TheGlobalEconomy.com

Ghana: Real interest rate: Bank lending rate minus inflation: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Ghana from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Deposit interest rate (%) in Ghana was reported at 11.42 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

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.

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.

Bank deposit interest rate, percent in Ghana, février, 2025 Pour cet indicateur, Bank of Ghana fournit des données pour la Ghana de novembre 2015 à février 2025. La valeur moyenne pour Ghana pendant cette période était de 12.51 pour cent avec un minimum de 10.13 pour cent en juillet 2020 et un maximum de 15.9 pour cent en décembre 2016. | TheGlobalEconomy.com

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.

Bank of Ghana Bills Yield: Interest Rate Equivalent: 28 Days data was reported at 24.270 % pa in Sep 2018. This stayed constant from the previous number of 24.270 % pa for Aug 2018. Bank of Ghana Bills Yield: Interest Rate Equivalent: 28 Days data is updated monthly, averaging 18.660 % pa from Sep 2004 (Median) to Sep 2018, with 169 observations. The data reached an all-time high of 25.780 % pa in Oct 2014 and a record low of 10.080 % pa in Nov 2007. Bank of Ghana Bills Yield: Interest Rate Equivalent: 28 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.

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.

Amounts outstanding of debt securities issued in international markets by residents of Ghana of general government (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

Amounts outstanding of debt securities issued in international markets by residents of Ghana of all issuers (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

The yield on Ghana 3 Month bond held steady at 23.43% on September 6, 2024. Over the past month, the yield has edged up by 0.06 points, though it remains 2.18 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset provides - Ghana 3 Month Bill Yield- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GH: Deposit Interest Rate data was reported at 13.339 % pa in 2015. This records an increase from the previous number of 12.904 % pa for 2014. GH: Deposit Interest Rate data is updated yearly, averaging 15.000 % pa from Dec 1979 (Median) to 2015, with 35 observations. The data reached an all-time high of 35.759 % pa in 1997 and a record low of 8.885 % pa in 2006. GH: Deposit Interest Rate 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: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Abstract

The fourth edition of the Global Findex offers a lens into how people accessed and used financial services during the COVID-19 pandemic, when mobility restrictions and health policies drove increased demand for digital services of all kinds.

The Global Findex is the world's most comprehensive database on financial inclusion. It is also the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Global Findex 2021 data were collected from national representative surveys of about 128,000 adults in more than 120 economies. The latest edition follows the 2011, 2014, and 2017 editions, and it includes a number of new series measuring financial health and resilience and contains more granular data on digital payment adoption, including merchant and government payments.

The Global Findex is an indispensable resource for financial service practitioners, policy makers, researchers, and development professionals.

Geographic coverage

Localities with less than 100 inhabitants were excluded from the sample. The excluded areas represent approximately 4 percent of the total population

Analysis unit

Individual

Kind of data

Observation data/ratings [obs]

Sampling procedure

In most developing economies, Global Findex data have traditionally been collected through face-to-face interviews. Surveys are conducted face-to-face in economies where telephone coverage represents less than 80 percent of the population or where in-person surveying is the customary methodology. However, because of ongoing COVID-19 related mobility restrictions, face-to-face interviewing was not possible in some of these economies in 2021. Phone-based surveys were therefore conducted in 67 economies that had been surveyed face-to-face in 2017. These 67 economies were selected for inclusion based on population size, phone penetration rate, COVID-19 infection rates, and the feasibility of executing phone-based methods where Gallup would otherwise conduct face-to-face data collection, while complying with all government-issued guidance throughout the interviewing process. Gallup takes both mobile phone and landline ownership into consideration. According to Gallup World Poll 2019 data, when face-to-face surveys were last carried out in these economies, at least 80 percent of adults in almost all of them reported mobile phone ownership. All samples are probability-based and nationally representative of the resident adult population. Phone surveys were not a viable option in 17 economies that had been part of previous Global Findex surveys, however, because of low mobile phone ownership and surveying restrictions. Data for these economies will be collected in 2022 and released in 2023.

In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households. Each eligible household member is listed, and the hand-held survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer's gender.

In traditionally phone-based economies, respondent selection follows the same procedure as in previous years, using random digit dialing or a nationally representative list of phone numbers. In most economies where mobile phone and landline penetration is high, a dual sampling frame is used.

The same respondent selection procedure is applied to the new phone-based economies. Dual frame (landline and mobile phone) random digital dialing is used where landline presence and use are 20 percent or higher based on historical Gallup estimates. Mobile phone random digital dialing is used in economies with limited to no landline presence (less than 20 percent).

For landline respondents in economies where mobile phone or landline penetration is 80 percent or higher, random selection of respondents is achieved by using either the latest birthday or household enumeration method. For mobile phone respondents in these economies or in economies where mobile phone or landline penetration is less than 80 percent, no further selection is performed. At least three attempts are made to reach a person in each household, spread over different days and times of day.

Sample size for Ghana is 1000.

Mode of data collection

Face-to-face [f2f]

Research instrument

Questionnaires are available on the website.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar. 2022. The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.