Ghana vs Madagascar: Deposit interest rate
Ghana
11.4%
in 2023
Madagascar
12.1%
in 2025
Ghana rank
13th
Madagascar rank
11th
Deposit interest rate over time
- Ghana
- Madagascar
How they compare
Madagascar currently reports 12.1% against 11.4% in Ghana, a difference of 0.7%.
That makes Madagascar's figure about 1.1 times Ghana's.
The two have swapped places 8 times across 34 shared years of data; in 1989 it was Madagascar ahead.
Ghana ranks 13th and Madagascar ranks 11th of 152 countries.
Across the 5 decades both report, Ghana averaged higher in 2 and Madagascar in 3.
Head to head by decade
| Decade | Ghana | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 15.5% | 17.8% | 2.2% | Madagascar |
| 1990s | 26.6% | 16.8% | 9.7% | Ghana |
| 2000s | 16.0% | 14.2% | 1.8% | Ghana |
| 2010s | 12.1% | 12.3% | 0.2% | Madagascar |
| 2020s | 11.6% | 13.3% | 1.7% | Madagascar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Ghana or Madagascar?
- Madagascar, at 12.1% against 11.4% in Ghana as of 2025.
- What is the difference in deposit interest rate between Ghana and Madagascar?
- 0.7%, with Madagascar ahead.
- How many years of comparable data are there for Ghana and Madagascar?
- 34 years are reported by both, from 1989 to 2023.
- How do Ghana and Madagascar rank globally for deposit interest rate?
- Ghana ranks 13th and Madagascar ranks 11th 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.