The Bank of Ghana kept its monetary policy rate at an eight-year low of 14.5% during its November meeting. The decision aims to continue supporting economic activity as it waits for the full impact of coronavirus measures to filter through the economy. Meantime, inflation eased for the third consecutive month to 10.1% in October and it is expected to return to within the bank's 6-10 percent target by the second quarter of 2021. Policymakers also said that high frequency indicators show now faster than expected recovery in economic activity. source: Bank of Ghana
Interest Rate in Ghana averaged 17.77 percent from 2002 until 2020, reaching an all time high of 27.50 percent in March of 2003 and a record low of 12.50 percent in December of 2006. This page provides - Ghana Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Interest Rate in Ghana is expected to be 14.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Ghana to stand at 16.00 in 12 months time. In the long-term, the Ghana Interest Rate is projected to trend around 16.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.