The Bank of Ghana kept its monetary policy rate at an eight-year low of 14.5% during its January 2021 meeting, saying that risks to the outlook for inflation were broadly balanced. The bank said that although inflation had been on a steady decline in the early months of the fourth quarter of 2020, it rose to 10.4% outside its target range of 8%, plus or minus 2 percentage points. However, the headline inflation is expected to return to target in the second quarter of 2021. Regarding the domestic economy, all the high-frequency indicators of economic activity point to a rebound in economic activity in the fourth quarter and there are indications of steady growth in private sector credit. Still, the threat from the second-wave of the pandemic has again heightened uncertainty and could hamper the recovery process in the short-term. source: Bank of Ghana
Interest Rate in Ghana averaged 17.74 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 February of 2021.
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 12.00 in 12 months time. In the long-term, the Ghana Interest Rate is projected to trend around 12.00 percent in 2022, according to our econometric models.