Money market Rate, Percent per annum in Ghana
Ghana: Money market Rate, Percent per annum was 23.11 in 2025. ▲ Rising
Money market Rate, Percent per annum in Ghana, 2003–2025
Source: International Monetary Fund.
Analysis
In 2025, money market rate, percent per annum in Ghana stood at 23.11.
The figure is down 19.0% on the previous year and down 4.3% over ten years.
Over the whole period, money market rate, percent per annum in Ghana peaked at 28.53 in 2024 and was at its lowest, 10.57, in 2006.
That places Ghana 2nd out of 94 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Money market Rate, Percent per annum in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 24.71 | — |
| 2004 | 15.73 | -36.3% |
| 2005 | 14.7 | -6.6% |
| 2006 | 10.57 | -28.1% |
| 2007 | 12 | +13.5% |
| 2008 | 15.64 | +30.4% |
| 2009 | 21.5 | +37.4% |
| 2010 | 13.56 | -36.9% |
| 2011 | 10.71 | -21.0% |
| 2012 | 14.48 | +35.3% |
| 2013 | 17.57 | +21.3% |
| 2014 | 21.81 | +24.2% |
| 2015 | 24.16 | +10.7% |
| 2016 | 25.43 | +5.3% |
| 2017 | 22.39 | -12.0% |
| 2018 | 16.98 | -24.1% |
| 2019 | 15.31 | -9.8% |
| 2020 | 14.19 | -7.3% |
| 2021 | 13.05 | -8.1% |
| 2022 | 20.07 | +53.8% |
| 2023 | 27.49 | +37.0% |
| 2024 | 28.53 | +3.8% |
| 2025 | 23.11 | -19.0% |
Ghana compared with similar countries
- Ghana's 23.11 is above the median for lower middle income countries, which is 5.09, 4.5× the median. (19 countries reporting)
- Ghana's 23.11 is above the median for Sub-Saharan Africa, which is 5.09, 4.5× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.41 | 10.57 | 24.71 | 7 |
| 2010s | 18.24 | 10.71 | 25.43 | 10 |
| 2020s | 21.07 | 13.05 | 28.53 | 6 |
Countries ranked near Ghana
- 1 Argentina 40.13 compare
- 3 Democratic Republic of Congo 22.58 compare
- 4 Angola 19.62 compare
- 5 Tajikistan 17.98 compare
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 money market rate, percent per annum in Ghana?
- Money market rate, percent per annum in Ghana was 23.11 in 2025, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Ghana?
- The highest recorded value was 28.53 in 2024.
- What is the lowest money market rate, percent per annum recorded in Ghana?
- The lowest recorded value was 10.57 in 2006.
- How does Ghana rank for money market rate, percent per annum?
- Ghana ranks 2nd out of 94 countries with data for 2025.
- Is money market rate, percent per annum rising or falling in Ghana?
- Over the last ten years it is down 4.3%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from International Monetary Fund, published as part of Money market 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.