Ghana vs Kenya: Deposit interest rate
Ghana
11.4%
in 2023
Kenya
12.0%
in 2024
Ghana rank
13th
Kenya rank
12th
Deposit interest rate over time
- Ghana
- Kenya
How they compare
Kenya currently reports 12.0% against 11.4% in Ghana, a difference of 0.6%.
The two have swapped places 4 times across 43 shared years of data; in 1978 it was Ghana ahead.
Ghana ranks 13th and Kenya ranks 12th of 152 countries.
Ghana has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Ghana | Kenya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.5% | 5.1% | 6.4% | Ghana |
| 1980s | 14.3% | 10.7% | 3.6% | Ghana |
| 1990s | 28.4% | 15.2% | 13.3% | Ghana |
| 2000s | 16.0% | 5.3% | 10.6% | Ghana |
| 2010s | 12.1% | 8.0% | 4.1% | Ghana |
| 2020s | 11.6% | 7.5% | 4.1% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Ghana or Kenya?
- Kenya, at 12.0% against 11.4% in Ghana as of 2024.
- What is the difference in deposit interest rate between Ghana and Kenya?
- 0.6%, with Kenya ahead.
- How many years of comparable data are there for Ghana and Kenya?
- 43 years are reported by both, from 1978 to 2023.
- How do Ghana and Kenya rank globally for deposit interest rate?
- Ghana ranks 13th and Kenya ranks 12th of 152 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Deposit interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.