The benchmark interest rate in Ghana was last recorded at 27 percent. This dataset provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Bank of Ghana provides monthly average 91 days Trasury Bills Rate.


Related information about Ghana Short Term Interest Rate

• 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.

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 March of 2025.

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.

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.

Key information about Ghana Long Term Interest Rate

• Ghana Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years was reported at 29.85 % pa in Nov 2024, compared with 29.85 % pa in the previous month.
• Ghana Long Term Interest Rate data is updated monthly, available from Sep 2004 to Nov 2024.
• The data reached an all-time high of 29.85 % pa in Nov 2024 and a record low of 12.08 % pa in Feb 2008.
• Long Term Interest Rate is reported by reported by CEIC Data.

The International Monetary Fund provides monthly 10 Year Government Bond Yield.


Related information about Ghana Long Term Interest Rate

• In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 25.80 % pa in Oct 2024.
• The cash rate (Policy Rate: Month End: Ghana) was set at 29.50 % pa in Jun 2023.
• Ghana Exchange Rate against USD averaged 14.78 (USD/GHS) in Dec 2024.

Deposit interest rate of Ghana dropped by 5.27% from 12.05 % in 2022 to 11.42 % in 2023. Since the 7.83% jump in 2017, deposit interest rate plummeted by 18.81% in 2023. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.

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.

In 2023, the credit granted to the private sector by commercial banks as share of GDP in Ghana decreased by 2.1 percentage points (-18.63 percent) compared to 2022. Therefore, 2023 marks the lowest share during the observed period. Domestic credit to the private sector by banks is defined as the financial resources directed towards the private sector from corporations receiving deposits (excluding banks). These resources can be provided in the form of loans, nonequity security purchases or trade credits.Find more statistics on other topics about Ghana with key insights such as domestic credit to the private sector as a share of GDP.

Many financial institutions operate in Ghana, the majority (397) of which are Foreign Exchange Bureaus and banks. In total, the country counted about 170 banking institutions in 2023, including rural and community banks. Moreover, there were slightly over 130 deposit-taking microfinance institutions in the country.

Ecobank Ghana emerges as a key institution

As of 2023, Ecobank Ghana was considered the leading bank in Ghana by weighted assets and tier-one capital. The latter comprises capital, reserves, retained income, and minority interests. In terms of bank branches, Ghana Commercial Bank (GCB) holds the highest number in the country.

Bank account ownership in Ghana is developing rather slowly

Generally, the bank account ownership rate among individuals in Ghana has fluctuated since 2018. In 2021, nearly 58 percent of the population owned a bank account in a financial institution, as against 41 percent in 2018. However, in 2023, this proportion dropped to one of the lowest shares registered since 2018, at 39.2 percent. By comparison, the use of digital payment methods dominated, considering the types of financial services used in the country.

Libya registered the lowest mortgage interest rate in South Africa in 2022, at five percent. At the other end of the scale was Zimbabwe, where the prevailing mortgage rate was 50 percent. In Ghana, the second to last country in the ranking, interest rates on housing loans averaged 26 percent.

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

The domestic credit to the private sector as a share of GDP in Ghana decreased by 3.3 percentage points (-24.83 percent) compared to the previous year. The share thereby reached its lowest value in recent years. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations that establish a claim for repayment. Examples include financial resources provided through loans, purchases of nonequity securities, trade credits, and other accounts receivable.Find more statistics on other topics about Ghana with key insights such as credit granted to the private sector by commercial banks as share of GDP.

11,42 (%) in 2023. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.

Debit cards record the highest number of transactions in Ghana, compared to credit and prepaid cards. As of 2023, the transaction volume of debit cards in the country reached over 69.8 million, while that of prepaid cards and credit cards amounted to nearly 8.7 million and 575,000, respectively.

As of 2023, there were nearly 54,100 credit cards in Ghana. This was an increase from the previous year, continuing the upward trend visible since 2018. Overall, the number of debit cards in Ghana exceeds that of credit cards.

Key information about Ghana Non-Performing Loans

• Ghana Non-Performing Loans was reported at 1.398 USD bn in Jun 2024
• This records a decrease from the previous number of 1.600 USD bn for Mar 2024
• Ghana Non-Performing Loans data is updated quarterly, averaging 1.131 USD bn from Mar 2008 to Jun 2024, with 66 observations
• The data reached an all-time high of 1.931 USD bn in Jun 2018 and a record low of 364.078 USD mn in Sep 2008
• Ghana Non-Performing Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Non Performing Loans: USD: Quarterly

CEIC calculates quarterly Non Performing Loans from quarterly Non Performing Loans and converts it into USD. The International Monetary Fund provides Non Performing Loans in local currency. The Bank of Ghana period end market exchange rate is used for currency conversions. Non Performing Loans are defined as loans overdue for more than 90 days.

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.

Key information about Ghana Total Loans

• Ghana Total Loans was reported at 6.499 USD bn in Dec 2024
• This records an increase from the previous number of 6.267 USD bn for Nov 2024
• Ghana Total Loans data is updated monthly, averaging 5.702 USD bn from Jan 1999 to Dec 2024, with 312 observations
• The data reached an all-time high of 9.119 USD bn in Jan 2022 and a record low of 656.252 USD mn in Jul 2000
• Ghana Total Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: USD: Monthly

CEIC converts monthly Total Loans into USD. The Bank of Ghana provides Total Loans in local currency. The Bank of Ghana period end market exchange rate is used for currency conversions. Total Loans cover lenders as Deposit Money Banks.