Monetary policy-related, Rate, Percent per annum in Ghana
Ghana: Monetary policy-related, Rate, Percent per annum was 30 in 2023. ◆ Volatile
Monetary policy-related, Rate, Percent per annum in Ghana, 1964–2023
Source: International Monetary Fund.
Analysis
Ghana recorded 30 for monetary policy-related, rate, percent per annum in 2023.
That represents a change of up 11.1% on the previous year and up 87.5% over ten years.
Over the whole period, monetary policy-related, rate, percent per annum in Ghana peaked at 45 in 1995 and was at its lowest, 4.5, in 1964.
That places Ghana 3rd out of 80 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary policy-related, Rate, Percent per annum in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 4.5 | — |
| 1965 | 4.5 | +0.0% |
| 1966 | 7 | +55.6% |
| 1967 | 6 | -14.3% |
| 1968 | 5.5 | -8.3% |
| 1969 | 5.5 | +0.0% |
| 1970 | 5.5 | +0.0% |
| 1971 | 8 | +45.5% |
| 1972 | 8 | +0.0% |
| 1973 | 6 | -25.0% |
| 1974 | 6 | +0.0% |
| 1975 | 8 | +33.3% |
| 1976 | 8 | +0.0% |
| 1977 | 8 | +0.0% |
| 1978 | 13.5 | +68.8% |
| 1979 | 13.5 | +0.0% |
| 1980 | 13.5 | +0.0% |
| 1981 | 19.5 | +44.4% |
| 1982 | 10.5 | -46.2% |
| 1983 | 14.5 | +38.1% |
| 1984 | 18 | +24.1% |
| 1985 | 18.5 | +2.8% |
| 1986 | 20.5 | +10.8% |
| 1987 | 23.5 | +14.6% |
| 1988 | 26 | +10.6% |
| 1989 | 26 | +0.0% |
| 1990 | 33 | +26.9% |
| 1991 | 20 | -39.4% |
| 1992 | 30 | +50.0% |
| 1993 | 35 | +16.7% |
| 1994 | 33 | -5.7% |
| 1995 | 45 | +36.4% |
| 1996 | 45 | +0.0% |
| 1997 | 45 | +0.0% |
| 1998 | 37 | -17.8% |
| 1999 | 27 | -27.0% |
| 2000 | 27 | +0.0% |
| 2001 | 27 | +0.0% |
| 2002 | 24.5 | -9.3% |
| 2003 | 21.5 | -12.2% |
| 2004 | 18.5 | -14.0% |
| 2005 | 15.5 | -16.2% |
| 2006 | 12.5 | -19.4% |
| 2007 | 13.5 | +8.0% |
| 2008 | 17 | +25.9% |
| 2009 | 18 | +5.9% |
| 2010 | 13.5 | -25.0% |
| 2011 | 12.5 | -7.4% |
| 2012 | 15 | +20.0% |
| 2013 | 16 | +6.7% |
| 2014 | 21 | +31.2% |
| 2015 | 26 | +23.8% |
| 2016 | 25.5 | -1.9% |
| 2017 | 20 | -21.6% |
| 2018 | 17 | -15.0% |
| 2019 | 16 | -5.9% |
| 2020 | 14.5 | -9.4% |
| 2021 | 14.5 | +0.0% |
| 2022 | 27 | +86.2% |
| 2023 | 30 | +11.1% |
Ghana compared with similar countries
- Ghana's 30 is above the median for lower middle income countries, which is 10, 3.0× the median. (17 countries reporting)
- Ghana's 30 is above the median for Sub-Saharan Africa, which is 4.5, 6.7× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.5 | 4.5 | 7 | 6 |
| 1970s | 8.45 | 5.5 | 13.5 | 10 |
| 1980s | 19.05 | 10.5 | 26 | 10 |
| 1990s | 35 | 20 | 45 | 10 |
| 2000s | 19.5 | 12.5 | 27 | 10 |
| 2010s | 18.25 | 12.5 | 26 | 10 |
| 2020s | 21.5 | 14.5 | 30 | 4 |
Countries ranked near Ghana
More financial sector data for Ghana
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is monetary policy-related, rate, percent per annum in Ghana?
- Monetary policy-related, rate, percent per annum in Ghana was 30 in 2023, according to International Monetary Fund.
- What is the highest monetary policy-related, rate, percent per annum recorded in Ghana?
- The highest recorded value was 45 in 1995.
- What is the lowest monetary policy-related, rate, percent per annum recorded in Ghana?
- The lowest recorded value was 4.5 in 1964.
- How does Ghana rank for monetary policy-related, rate, percent per annum?
- Ghana ranks 3rd out of 80 countries with data for 2023.
- Is monetary policy-related, rate, percent per annum rising or falling in Ghana?
- Over the last ten years it is up 87.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Monetary policy-related, Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.