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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.
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Key information about Ghana Policy Rate
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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.
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Key information about Ghana Short Term Interest Rate
In 2021, the inflation rate in Ghana amounted to about 9.98 percent compared to the previous year. Ghana’s inflation peaked at almost 17.5 percent in 2016 and is predicted to decrease to 8 percent by 2030. Steady is best for inflationAccording to economists, a steady inflation rate between two and three percent is desirable to achieve a stable economy in a country. Inflation is the increase in the price level of consumer goods and services over a certain time period. A high inflation rate is often caused by excessive money supply and can turn into hyperinflation, i.e. if inflation occurs too quickly and rapidly, it can devalue currency and cause a recession and even economic collapse. This scenario is currently taking place in Venezuela , for example. The opposite of inflation, the decrease in the price level of goods and services below zero percent, is called deflation. While hyperinflation devalues money, deflation usually increases its value. Both events can damage an economy severely. Is Ghana’s economy at risk?Ghana’s economy is considered quite stable and fast-growing, and is rich in oil, diamonds, and gold. After struggling in the years around 2015 due to increased government spending and plummeting oil prices, it is now on an upswing again. This is also reflected in the decreasing inflation rate, and other key indicators like unemployment and rapid GDP growth support this theory. However, Ghana’s government debt is still struggling with the consequences of the 2015 crisis and forecast to keep skyrocketing during the next few years.
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Key information about Ghana Long Term Interest Rate
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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.
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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.
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Key information about Ghana Exchange Rate against USD
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Deposit Interest Rate in Ghana remained unchanged at 10.50 percent in the fourth quarter of 2023 from 10.50 percent in the third quarter of 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Ghana.
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Key information about Ghana Consumer Price Index CPI growth
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Ghana GH: External Debt: DIS: Disbursements: Long-Term and IMF data was reported at 1.241 USD bn in 2017. This records a decrease from the previous number of 2.741 USD bn for 2016. Ghana GH: External Debt: DIS: Disbursements: Long-Term and IMF data is updated yearly, averaging 506.280 USD mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 3.367 USD bn in 2013 and a record low of 31.062 USD mn in 1974. Ghana GH: External Debt: DIS: Disbursements: Long-Term and IMF 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: External Debt: Disbursements and Interest Payment. Disbursements are drawings by the borrower on loan commitments during the year specified. This item includes disbursements on long-term debt and IMF purchases. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. IMF purchases are total drawings on the General Resources Account of the IMF during the year specified, excluding drawings in the reserve tranche. To maintain comparability between data on transactions with the IMF and data on long-term debt, use of IMF credit outstanding at the end of year (stock) is converted to dollars at the SDR exchange rate in effect at the end of year. Purchases are converted at the average SDR exchange rate for the year in which transactions take place. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;
Zimbabwe had the highest inflation in Africa as of 2023. The rate reached roughly 172 percent when compared to the previous year, according to the source's estimates. This was followed by Sudan, with a rate increase of over 71 percent. Inflationary pressures in the country have been driven by a long-running economic crisis and political instability. By the end of 2021, the already fragile Sudanese economy suffered again when military forces took control of the government. With a
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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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.