The Bank of Ghana held its monetary policy rate at 13.5% during its July meeting, after having cut it by 100bps in May, in line with market expectations saying the risks to inflation and growth were broadly balanced. Inflation slowed to 7.8% in June, after hitting 10.3% in March, and remaining within the Central bank’s target range of 8±2%. Policymakers expect inflation to remain within band and around the central path in the forecast horizon barring any upside risks from fiscal pressures. source: Bank of Ghana
Interest Rate in Ghana averaged 17.66 percent from 2002 until 2021, 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 July of 2021.
Interest Rate in Ghana is expected to be 13.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Interest Rate is projected to trend around 12.00 percent in 2022, according to our econometric models.