Ghana Policy Rate

2002 - 2020 | Monthly | % pa | CEIC Data

Buy this data Includes Ghana Interest and Foreign Exchange Rates: series Instant access to full history data in excel

Ghana's cash rate (Policy Rate: Month End: Ghana) was set at 14.50 % pa in Sep 2020, compared with 14.50 % pa in the previous Aug 2020. Ghana's Policy Rate averaged 17.00 % pa and is updated monthly, available from Nov 2002 to Sep 2020. The data reached an all-time high of 27.50 % pa in Jun 2003 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.

In the latest reports, Ghana's Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 13.97 % pa in Jun 2020. Ghana's Exchange Rate against USD averaged 5.70 (GHS/USD) in Sep 2020.

What was Ghana's Policy Rate in Sep 2020?

Last Previous Min Max Unit Frequency Range

14.50

% pa Sep 2020 monthly Nov 2002 - Sep 2020

14.50

% pa Aug 2020 monthly Nov 2002 - Sep 2020

12.50

Jan 2012

27.50

Jun 2003

% pa

monthly

Nov 2002 - Sep 2020

Updated on 30 Sep 2020

Policy Rate by Country Comparison

Buy this table Includes Policy Rate for ALL Countries/Regions: countries Instant access to full history data in excel
All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Albania (% pa)

0.50

Sep 2020

monthly

Jan 2000 - Sep 2020

Algeria (% pa)

3.00

Sep 2020

monthly

Jan 1963 - Sep 2020

Argentina (%)

30.07

Sep 2020

monthly

Aug 1985 - Sep 2020

Armenia (% pa)

4.25

Sep 2020

monthly

May 2001 - Sep 2020

Australia (% pa)

0.25

Oct 2020

monthly

Aug 1990 - Oct 2020

Austria (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Azerbaijan (% pa)

6.50

Sep 2020

monthly

Jan 2005 - Sep 2020

Bahrain (% pa)

1.00

Sep 2020

monthly

Jan 2007 - Sep 2020

Bangladesh (% pa)

4.75

Sep 2020

monthly

Sep 2009 - Sep 2020

Belarus (% pa)

7.75

Sep 2020

monthly

Jul 1991 - Sep 2020

Belgium (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Botswana (% pa)

4.25

Sep 2020

monthly

Aug 1976 - Sep 2020

Brazil (% pa)

2.00

Sep 2020

monthly

Mar 1999 - Sep 2020

Bulgaria (% pa)

0.00

Oct 2020

monthly

Feb 1991 - Oct 2020

Canada (% pa)

0.25

Sep 2020

monthly

Dec 1992 - Sep 2020

Chile (% pa)

0.50

Oct 2020

monthly

May 1995 - Oct 2020

China (% pa)

2.00

Oct 2020

monthly

Jan 1998 - Oct 2020

Colombia (% pa)

1.75

Sep 2020

monthly

Apr 1995 - Sep 2020

Croatia (% pa)

3.00

Aug 2020

monthly

Dec 1992 - Aug 2020

Cyprus (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Czech Republic (% pa)

0.05

Sep 2020

monthly

Jan 1993 - Sep 2020

Denmark (% pa)

0.00

Sep 2020

monthly

Aug 1914 - Sep 2020

Ecuador (% pa)

8.96

Oct 2020

monthly

Jul 1995 - Oct 2020

Egypt (% pa)

9.25

Sep 2020

monthly

Jan 1991 - Sep 2020

Estonia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

European Union (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Finland (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

France (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Georgia (% pa)

8.00

Sep 2020

monthly

Jan 2008 - Sep 2020

Germany (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Ghana (% pa)

14.50

Sep 2020

monthly

Nov 2002 - Sep 2020

Greece (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Hong Kong SAR, China (% pa)

0.50

Sep 2020

monthly

Jun 1992 - Sep 2020

Hungary (% pa)

0.60

Oct 2020

monthly

Oct 1990 - Oct 2020

Iceland (% pa)

1.75

Sep 2020

monthly

Jan 1994 - Sep 2020

India (% pa)

4.00

Sep 2020

monthly

Apr 2001 - Sep 2020

Indonesia (% pa)

4.00

Oct 2020

monthly

Jun 2015 - Oct 2020

Ireland (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Israel (% pa)

0.25

Sep 2020

monthly

Dec 1998 - Sep 2020

Italy (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Ivory Coast (% pa)

2.50

Mar 2017

monthly

Jan 1964 - Mar 2017

Japan (% pa)

-0.10

Sep 2020

monthly

Nov 2008 - Sep 2020

Jordan (% pa)

3.50

Sep 2020

monthly

Dec 1965 - Sep 2020

Kazakhstan (% pa)

9.00

Sep 2020

monthly

Feb 1992 - Sep 2020

Kenya (% pa)

7.00

Oct 2020

monthly

Jul 2003 - Oct 2020

South Korea (% pa)

0.50

Oct 2020

monthly

May 1999 - Oct 2020

Kosovo (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Kuwait (% pa)

1.50

Sep 2020

monthly

Jul 1999 - Sep 2020

Kyrgyzstan (% pa)

5.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Laos (% pa)

3.00

Sep 2020

monthly

Dec 1992 - Sep 2020

Latvia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Lebanon (% pa)

10.00

Oct 2020

monthly

Apr 1964 - Oct 2020

Lithuania (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Luxembourg (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Macau SAR, China (% pa)

0.50

Sep 2020

monthly

Dec 1999 - Sep 2020

North Macedonia (% pa)

1.50

Sep 2020

monthly

Jan 2002 - Sep 2020

Malawi (% pa)

13.50

Sep 2020

monthly

Jan 1980 - Sep 2020

Malaysia (% pa)

1.75

Sep 2020

monthly

Apr 2004 - Sep 2020

Malta (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Mauritius (% pa)

1.85

Sep 2020

monthly

Dec 1999 - Sep 2020

Mexico (% pa)

4.25

Sep 2020

monthly

Jan 2008 - Sep 2020

Moldova (% pa)

5.50

Sep 2020

monthly

Feb 2001 - Sep 2020

Mongolia (% pa)

8.00

Sep 2020

monthly

Jul 2007 - Sep 2020

Montenegro (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Morocco (% pa)

1.50

Sep 2020

monthly

Jun 1995 - Sep 2020

Myanmar (% pa)

9.50

2020

yearly

1986 - 2020

Nepal (% pa)

5.00

Sep 2020

monthly

Jul 2003 - Sep 2020

Netherlands (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

New Zealand (% pa)

0.25

Sep 2020

monthly

Apr 1999 - Sep 2020

Nigeria (% pa)

11.50

Sep 2020

monthly

Dec 2006 - Sep 2020

Norway (% pa)

0.00

Sep 2020

monthly

Jan 1991 - Sep 2020

Oman (% pa)

0.50

Oct 2020

monthly

May 2007 - Oct 2020

Pakistan (% pa)

8.00

Oct 2020

monthly

Feb 1992 - Oct 2020

Paraguay (% pa)

0.75

Sep 2020

monthly

Jul 2010 - Sep 2020

Peru (% pa)

0.25

Sep 2020

monthly

Sep 2003 - Sep 2020

Philippines (% pa)

2.75

Sep 2020

monthly

Jun 2016 - Sep 2020

Poland (% pa)

0.10

Oct 2020

monthly

Jan 2005 - Oct 2020

Portugal (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Qatar (% pa)

2.50

Aug 2020

monthly

Mar 2003 - Aug 2020

Romania (% pa)

1.50

Sep 2020

monthly

Jan 2003 - Sep 2020

Russia (% pa)

4.25

Sep 2020

monthly

Sep 2013 - Sep 2020

Saudi Arabia (% pa)

1.00

Sep 2020

monthly

Jan 2000 - Sep 2020

Serbia (% pa)

1.25

Sep 2020

monthly

Jan 2001 - Sep 2020

Singapore (% pa)

0.08

Sep 2020

monthly

Jul 2005 - Sep 2020

Slovakia (% pa)

0.00

Sep 2020

monthly

Jan 1999 - Sep 2020

Slovenia (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

South Africa (% pa)

3.50

Oct 2020

monthly

Nov 1999 - Oct 2020

Spain (% pa)

0.00

Oct 2020

monthly

Jan 1999 - Oct 2020

Sri Lanka (% pa)

4.50

Sep 2020

monthly

Jan 1997 - Sep 2020

Sweden (% pa)

0.00

Oct 2020

monthly

Jan 1987 - Oct 2020

Switzerland (% pa)

-0.72

Oct 2020

monthly

Jun 1999 - Oct 2020

Syria (% pa)

5.00

Feb 2015

monthly

Jan 1962 - Feb 2015

Taiwan (% pa)

1.13

Sep 2020

monthly

Jul 1961 - Sep 2020

Tajikistan (% pa)

10.75

Oct 2020

monthly

Jul 1997 - Oct 2020

Thailand (% pa)

0.50

Oct 2020

monthly

May 2000 - Oct 2020

Tunisia (% pa)

6.75

Sep 2020

monthly

Jan 2000 - Sep 2020

Turkey (% pa)

10.25

Oct 2020

monthly

May 2010 - Oct 2020

Ukraine (% pa)

6.00

Sep 2020

monthly

Dec 1992 - Sep 2020

United Arab Emirates (% pa)

1.25

Sep 2020

monthly

Nov 2007 - Sep 2020

United Kingdom (% pa)

0.10

Sep 2020

monthly

Jun 1972 - Sep 2020

United States (% pa)

0.09

Sep 2020

monthly

Jul 1954 - Sep 2020

Uruguay (% pa)

9.25

Sep 2020

monthly

Sep 2007 - Sep 2020

Uzbekistan (% pa)

14.00

Sep 2020

monthly

May 1994 - Sep 2020

Vietnam (% pa)

2.50

Oct 2020

monthly

Aug 2003 - Oct 2020

Yemen (% pa)

16.07

Jan 2015

monthly

Dec 1995 - Jan 2015

Zambia (% pa)

8.00

Sep 2020

monthly

Jan 2006 - Sep 2020

Ghana Key Series

Buy this table Includes All Indicators: series Instant access to full history data in excel
All Indicators
National Accounts
Production
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Business and Economic Survey
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

15,342.5

Jun 2020

quarterly

Mar 2006 - Jun 2020

Real GDP Growth (%)

-0.8

Jun 2020

quarterly

Jun 2006 - Jun 2020

Nominal GDP Growth (%)

1.715

Jun 2020

quarterly

Mar 2007 - Jun 2020

GDP per Capita (USD)

2,212.100

2019

yearly

1960 - 2019

GDP Deflator Growth (%)

5.1

Jun 2020

quarterly

Mar 2007 - Jun 2020

Private Consumption Expenditure (USD mn)

46,240.885

2019

yearly

2006 - 2019

Private Consumption: % of GDP (%)

69.0

2019

yearly

2006 - 2019

Public Consumption Expenditure (USD mn)

5,948.684

2019

yearly

2006 - 2019

Public Consumption: % of GDP (%)

8.9

2019

yearly

2006 - 2019

Investment: % of GDP (%)

26.4

2019

yearly

2006 - 2019

Gross Fixed Capital Formation (USD mn)

13,118.878

2019

yearly

2006 - 2019

Gross Savings Rate (%)

22.1

2019

yearly

2006 - 2019

Forecast: GDP PPP Per Capita (PPP Intl $)

7,108.089

2025

yearly

1980 - 2025

Forecast: Nominal GDP Per Capita (USD)

2,720.440

2025

yearly

1980 - 2025

Forecast: Real GDP Growth (%)

4.452

2025

yearly

1980 - 2025

Total Trade of Goods & Services: % of Nominal GDP (%)

71.378

2019

yearly

1955 - 2019

Production Last Frequency Range
Minerals Production (Metric Ton)

12,581,932.000

2018

yearly

2009 - 2018

Gold Production (kg)

130,000.000

2019

yearly

1990 - 2019

Silver Production (Metric Ton)

2.000

2016

yearly

1990 - 2016

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-7.1

Jun 2020

quarterly

Dec 2008 - Jun 2020

Consolidated Fiscal Balance (USD mn)

-1,074.460

Jun 2020

monthly

Jan 2008 - Jun 2020

Tax Revenue (USD mn)

458.822

Jun 2020

monthly

Jan 2008 - Jun 2020

Tax Revenue: % of GDP (%)

10.7

Jun 2020

quarterly

Mar 2008 - Jun 2020

Government Debt: % of GDP (%)

63.0

2019

yearly

2006 - 2019

Forecast: Government Expenditure (GHS bn)

144.387

2025

yearly

1980 - 2025

Forecast: Government Net Debt (GHS bn)

494.568

2025

yearly

1990 - 2025

Forecast: Government Revenue (GHS bn)

100.805

2025

yearly

1982 - 2025

Demographic and Labour Market Last Frequency Range
Population (Person mn)

31.1

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

67.7

2020

yearly

1990 - 2020

Employed Persons (Person)

9,270,939.000

2015

yearly

2013 - 2015

Unemployment Rate (%)

4.51

2020

yearly

1991 - 2020

Monthly Earnings (USD)

242

2015

yearly

2013 - 2015

Labour Productivity Growth (%)

4.15

2019

yearly

1992 - 2019

Forecast: Population (Person mn)

34.605

2025

yearly

1980 - 2025

Forecast: Employment (Person mn)

0.000

yearly

-

Forecast: Unemployment Rate (%)

0.000

yearly

-

Domestic Trade and Household Survey Last Frequency Range
Motor Vehicles Sales (Unit)

5,700

2019

yearly

2005 - 2019

Motor Vehicles Sales Growth (%)

-19.4

2019

yearly

2006 - 2019

Motor Vehicle Sales: Commercial Cars (Unit)

2,306.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Motor Vehicle Sales: Passenger Cars (Unit)

3,394.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Consumer Confidence Growth (%)

5.2

Aug 2020

monthly

Oct 2013 - Aug 2020

Household Expenditure per Capita (USD)

1,161.488

2018

yearly

2006 - 2018

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

10.4

Sep 2020

monthly

Mar 1964 - Sep 2020

CPI: Food and Non Alcoholic Beverage Change (%)

6.845

Jun 2019

quarterly

Dec 1998 - Jun 2019

Producer Price Index Growth (%)

9.5

Sep 2020

monthly

Oct 2007 - Sep 2020

Forecast: Consumer Price Index Growth (%)

6.000

2025

yearly

1980 - 2025

Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%)

1.075

2025

yearly

1980 - 2025

Trade Balance (USD mn)

147.4

Jul 2020

monthly

Mar 2005 - Jul 2020

Total Exports (USD mn)

3,505.8

Jun 2020

quarterly

Jun 2005 - Jun 2020

Total Exports Growth (%)

-13.0

Jun 2020

quarterly

Jun 2006 - Jun 2020

Aluminum: Exports (USD th)

102,008.620

2019

yearly

1995 - 2019

Exports: Medicament (USD th)

6,384.437

2019

yearly

1995 - 2019

Exports: Medicinal and Pharmaceutical Product (USD th)

115.617

2019

yearly

1995 - 2019

Total Imports (USD mn)

3,356.0

Jun 2020

quarterly

Jun 2005 - Jun 2020

Total Imports Growth (%)

-31.9

Jul 2020

monthly

Mar 2006 - Jul 2020

Imports: Medicament (USD th)

265,353.408

2019

yearly

1995 - 2019

Imports: Medicinal and Pharmaceutical Product (USD th)

76,555.916

2019

yearly

1995 - 2019

Total Exports to USA (USD mn)

124.155

Jul 2020

monthly

Feb 1985 - Jul 2020

Total Imports from USA (USD mn)

85.371

Jul 2020

monthly

Jun 1995 - Jul 2020

Total Exports to China (USD mn)

377.118

Jul 2020

monthly

May 1995 - Jul 2020

Total Imports from China (USD mn)

165.230

Jul 2020

monthly

Jun 1986 - Jul 2020

Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn)

2.9

Dec 2018

quarterly

Mar 2011 - Dec 2018

Current Account Balance (USD mn)

-663.0

Jun 2020

quarterly

Mar 2005 - Jun 2020

Current Account Balance: % of GDP (%)

-4.3

Jun 2020

quarterly

Mar 2006 - Jun 2020

Foreign Direct Investment: % of GDP (%)

4.8

Dec 2019

quarterly

Mar 2011 - Dec 2019

Foreign Portfolio Investment (USD mn)

-26.500

Dec 2019

quarterly

Mar 2011 - Dec 2019

Foreign Portfolio Investment: % of GDP (%)

-0.2

Dec 2019

quarterly

Mar 2011 - Dec 2019

Foreign Portfolio Investment: Equity Securities (USD mn)

18.1

2010

yearly

1975 - 2010

Foreign Portfolio Investment: Debt Securities (USD mn)

-26.500

Dec 2019

quarterly

Mar 2011 - Dec 2019

External Debt (USD mn)

24,287.2

Jul 2020

monthly

Jan 2012 - Jul 2020

External Debt: % of GDP (%)

30.4

2019

yearly

1999 - 2019

Forecast: Current Account Balance (USD bn)

-1.930

2025

yearly

1980 - 2025

Net International Investment Position (USD mn)

-27,311.841

2019

yearly

2006 - 2019

Monetary Last Frequency Range
Non Performing Loans Ratio (%)

15.7

Jun 2020

quarterly

Dec 2005 - Jun 2020

Non-Performing Loans (USD mn)

1,162.626

Dec 2019

quarterly

Mar 2008 - Dec 2019

M2 Growth (%)

22.1

Jun 2020

quarterly

Mar 1991 - Jun 2020

Foreign Exchange Reserves (USD mn)

7,223.6

Aug 2020

monthly

Jan 1965 - Aug 2020

Foreign Exchange Reserves: % of GDP (%)

12.021

Jun 2020

quarterly

Dec 2006 - Jun 2020

Foreign Exchange Reserves: Months of Import (NA)

8.4

Jul 2020

monthly

Mar 2005 - Jul 2020

Total Deposits (USD mn)

15,641.269

Jul 2020

monthly

Dec 2004 - Jul 2020

Total Deposits Growth (%)

20.5

Jul 2020

monthly

Dec 2005 - Jul 2020

Domestic Credit (USD mn)

20,135.1

Jul 2020

monthly

Jan 1967 - Jul 2020

Domestic Credit Growth (%)

43.9

Jul 2020

monthly

Jan 1968 - Jul 2020

Total Loans (USD mn)

7,795.137

Jul 2020

monthly

Dec 2011 - Jul 2020

Total Loans Growth (%)

-2.37

Jul 2020

monthly

Dec 2012 - Jul 2020

Private Debt: % of Nominal GDP (%)

10.58

Jun 2020

quarterly

Dec 2013 - Jun 2020

Banking Statistics Last Frequency Range
Liquid Assets Ratio (%)

59.3

Dec 2019

quarterly

Mar 2008 - Dec 2019

Capital Adequacy Ratio (%)

20.9

Aug 2020

monthly

Dec 2005 - Aug 2020

Interest and Foreign Exchange Rates Last Frequency Range
Exchange Rate against USD (GHS/USD)

5.697

Sep 2020

monthly

Jan 1957 - Sep 2020

Policy Rate (% pa)

14.50

Sep 2020

monthly

Nov 2002 - Sep 2020

Short Term Interest Rate (% pa)

14.02

Aug 2020

monthly

Aug 1996 - Aug 2020

Energy Last Frequency Range
Electricity Production (GWh)

18,189

2019

yearly

1971 - 2019

Tourism Last Frequency Range
Tourism Revenue Growth (%)

8.4

2018

yearly

1996 - 2018

Business and Economic Survey Last Frequency Range
Business Confidence Growth (%)

-7.3

Aug 2020

monthly

Dec 2013 - Aug 2020

Financial Market Last Frequency Range
Equity Market Index (31Dec2010=1000)

1,856.6

Sep 2020

monthly

Jan 2011 - Sep 2020

Market Capitalization: % of GDP (%)

16.3

2019

yearly

2008 - 2019

Market Capitalization (USD mn)

9,330.974

Sep 2020

monthly

Oct 2008 - Sep 2020

Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th)

890.000

2015

yearly

2005 - 2015

Container Port Throughput (TEU)

1,100,205.000

2019

yearly

2008 - 2019

Liner Shipping Connectivity Index (2004=100)

18.500

2018

yearly

2004 - 2018

Number of Subscriber Fixed Line (Unit)

288,531.000

2019

yearly

1965 - 2019

Number of Subscriber Mobile (Person)

40,857,077.000

2019

yearly

1960 - 2019

Teledensity: Fixed Line (Number)

0.949

2019

yearly

1965 - 2019

Teledensity: Mobile (Number)

134.319

2019

yearly

1960 - 2019

Exports: ICT Goods (USD th)

43,815.755

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

13,421.478

2019

yearly

1995 - 2019

Exports: Television (USD th)

214.154

2019

yearly

1995 - 2019

Imports: ICT Goods (USD th)

284,113.583

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

181,302.388

2019

yearly

1995 - 2019

Imports: Television (USD th)

59,144.982

2019

yearly

1995 - 2019

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