Key data points
Last release
—
Observation period
Oct 31, 2024
Next release
—
Forecast
—
Highest
30.00 % on Dec 29, 2023
Lowest
12.50 % on Jan 31, 2012
About Ghana interest rate
In Ghana, interest rates decisions are taken by the Monetary Policy Committee of the Bank of Ghana. The official interest rate is the Monetary Policy Rate (MPR).
Related indicators
Frequently Asked Questions
Ghana interest rate is 27% at the moment.
Last month Ghana interest rate was 27%, and the month before that it amounted to 29%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.