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.

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 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.

Key information about Ghana Real Effective Exchange Rate

• Ghana Real Effective Exchange Rate (REER: 2005=100: Month Avg: Ghana) was 67.6 in Jan 2025, compared with the number of 66.0 in the previous month.
• Ghana Real Effective Exchange Rate data is updated monthly and averaged 4,723.6 from Dec 1979 to Jan 2025.
• The data reached an all-time high of 4,723.6 in Sep 1983 and a record low of 51.4 in Nov 2022.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Ghana Real Effective Exchange Rate

• In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 25.8 % pa in Oct 2024.
• The cash rate (Policy Rate: Month End: Ghana) was set at 29.5 % pa in Jun 2023.
• Ghana Exchange Rate against USD averaged 15.5 (USD/GHS) in Feb 2025.

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.

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.

Even though individuals throughout Africa employ numerous informal savings mechanisms, only a quarter of individuals in Sub-Saharan Africa have bank accounts, and these savers only keep a small proportion of their savings in these accounts. Yet banks could provide more secure and private storage of funds, and offer positive interest rates. The World Bank and North Volta Rural Bank jointly designed this study with the objective of testing the impact of new banking products and services designed to attract more (and lower income) customers, and to attract a higher percentage of individuals’ savings. The new services tested as part of this study included a savings deposit collection service in which collectors visit customers regularly at home or work to collect savings deposits, and a separate service in which customers were given lockboxes. These were tested alone, and in combination. This study was designed to ensure the operational viability of the deposit collection and lockbox services for NVRB, and to make a preliminary assessment of the impacts of these services on customers and NVRB before further scaling-up these services within NVRB. 192 individuals completed the baseline survey, and 174 of these individuals completed the endline survey. The study sample is comprised of both banked and unbanked individuals, and is half male and half female.

Abstract

Even though individuals throughout Africa employ numerous informal savings mechanisms, only a quarter of individuals in Sub-Saharan Africa have bank accounts, and these savers only keep a small proportion of their savings in these accounts. Yet banks could provide more secure and private storage of funds, and offer positive interest rates. The World Bank and North Volta Rural Bank jointly designed this study with the objective of testing the impact of new banking products and services designed to attract more (and lower income) customers, and to attract a higher percentage of individuals’ savings. The new services tested as part of this study included a savings deposit collection service in which collectors visit customers regularly at home or work to collect savings deposits, and a separate service in which customers were given lockboxes. These were tested alone, and in combination. This study was designed to ensure the operational viability of the deposit collection and lockbox services for NVRB, and to make a preliminary assessment of the impacts of these services on customers and NVRB before further scaling-up these services within NVRB.

192 individuals completed the baseline survey, and 174 of these individuals completed the endline survey. The study sample is comprised of both banked and unbanked individuals, and is half male and half female.

Geographic coverage

The study sample is comprised of individuals who at the time of the baseline survey lived or worked within one kilometer of North Volta Rural Bank's Nkwanta branch, which is located in the small town of Nkwanta. Nkwanta is the capital of Nkwanta South District, and is located in the Volta Region of Ghana.

Analysis unit

Individuals

Kind of data

Sample survey data [ssd]

Sampling procedure

A total of 192 individuals were enrolled in this study. So that the study might be able to observe whether the services had different impacts based on the type of customer that was participating, different types of individuals were recruited to participate in the study, as follows: · Individuals who already had an individual savings account with NVRB: 96. · Individuals who did not have a bank account with NVRB, but who did have a bank account with another bank: 48 · Individuals who did not have a bank account at any bank: 48

Within each of the three groups, half were female, and half were male.

All study participants also met the following eligibility criteria: · Live or work within a one kilometer radius of the NVRB Nkwanta branch. · Earning an income and self-employed in non-agricultural activities. (Excluded occupations included salaried and wage workers, pensioners, students, apprentices, seasonal income earners such as all kinds of farming, pastors, traditional rulers, natural resource extraction such as fishermen and hunters, road construction, afforestation, waste management, and laborers.) · I nterested in receiving the services being offered, and willing to pay the collection service fee.

As part of the study, study participants were randomly assigned to the following six treatment arms: · A1: No deposit collection & No lockbox (32 individuals) - pure control group · A2: No deposit collection & Lockbox (32 individuals) · B1: Daily deposit collection & No lockbox (32 individuals) · B2: Daily deposit collection & Lockbox (32 individuals) · C1: Weekly deposit collection & No lockbox (32 individuals) · C2: Weekly deposit collection & Lockbox (32 individuals) The randomization was stratified by type of customer, so that the different types of customer would be evenly spread across the following six arms.

Mode of data collection

Face-to-face [f2f]

Research instrument

Baseline Survey Modules

1 - Eligibility assessment 2 - Enrollment form 3- Baseline survey

Endline Survey Modules

A - Survey information B - Savings C - Debt D - Expenditures E - Income F - Demographics; intra-household decision-making; financial shocks; housing quality G - Household roster H - Views on the lockboxes and deposit collection services