Ghana Policy Rate
2002 - 2025 | Monthly | % pa | CEIC Data
Key information about Ghana Policy Rate
- Ghana cash rate (Policy Rate: Month End: Ghana) was set at 25.00 % pa in Nov 2025, compared with 25.00 % pa in the previous Oct 2025.
- Ghana Policy Rate averaged 18.00 % pa and is updated monthly, available from Nov 2002 to Nov 2025.
- The data reached an all-time high of 30.00 % pa in Dec 2023 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.
Related information about Ghana Policy Rate
- In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 14.74 % pa in Jun 2025.
- Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years) was reported at 29.85 % pa in Nov 2024.
- Ghana Exchange Rate against USD averaged 11.46 (USD/GHS) in Oct 2025.
- Its Real Effective Exchange Rate was 81.92 in Sep 2025.
View Ghana's Policy Rate from Nov 2002 to Nov 2025 in the chart:
What was Ghana's Policy Rate in Nov 2025?
Ghana cash rate (Policy Rate: Month End: Ghana) was set at 25.00 % pa in Nov 2025, compared with 25.00 % pa in the previous Oct 2025. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 25.00 Nov 2025 | 25.00 Oct 2025 | 12.50 Jan 2012 | 30.00 Dec 2023 | % pa | monthly | Nov 2002 - Nov 2025 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Algeria (% pa) | 2.75 Nov 2025 | monthly | Jan 1963 - Nov 2025 |
| Argentina (%) | 37.49 Oct 2025 | monthly | Jan 1985 - Oct 2025 |
| Armenia (% pa) | 6.75 Nov 2025 | monthly | May 2001 - Nov 2025 |
| Australia (% pa) | 3.60 Nov 2025 | monthly | Aug 1990 - Nov 2025 |
| Austria (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Azerbaijan (% pa) | 7.00 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Bahrain (% pa) | 4.75 Nov 2025 | monthly | Jan 2007 - Nov 2025 |
| Bangladesh (% pa) | 10.00 Oct 2025 | monthly | Sep 2009 - Oct 2025 |
| Belarus (% pa) | 9.75 Nov 2025 | monthly | Jul 1991 - Nov 2025 |
| Belgium (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Bolivia (% pa) | 3.21 Nov 2025 | monthly | Jan 2013 - Nov 2025 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 15.00 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Bulgaria (% pa) | 1.81 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Canada (% pa) | 2.25 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Chile (% pa) | 4.75 Nov 2025 | monthly | May 1995 - Nov 2025 |
| China (% pa) | 1.40 Nov 2025 | monthly | May 2012 - Nov 2025 |
| Colombia (% pa) | 9.25 Nov 2025 | monthly | Apr 1995 - Nov 2025 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Czech Republic (% pa) | 2.50 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Denmark (% pa) | 1.60 Nov 2025 | monthly | Aug 1914 - Nov 2025 |
| Ecuador (% pa) | 7.76 Dec 2025 | monthly | Jul 1995 - Dec 2025 |
| Egypt (% pa) | 21.50 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Estonia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| European Union (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Finland (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| France (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Georgia (% pa) | 8.00 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Germany (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Hong Kong SAR, China (% pa) | 4.25 Nov 2025 | monthly | Jun 1992 - Nov 2025 |
| Hungary (% pa) | 6.50 Nov 2025 | monthly | Oct 1990 - Nov 2025 |
| Iceland (% pa) | 8.00 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| India (% pa) | 5.50 Nov 2025 | monthly | Apr 2001 - Nov 2025 |
| Indonesia (% pa) | 4.75 Nov 2025 | monthly | Jun 2015 - Nov 2025 |
| Ireland (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Israel (% pa) | 4.25 Nov 2025 | monthly | Dec 1998 - Nov 2025 |
| Italy (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | 0.50 Nov 2025 | monthly | Mar 2006 - Nov 2025 |
| Jordan (% pa) | 7.00 Nov 2025 | monthly | Dec 1965 - Nov 2025 |
| Kazakhstan (% pa) | 18.00 Nov 2025 | monthly | Feb 1992 - Nov 2025 |
| Kenya (% pa) | 9.00 Dec 2025 | monthly | Jul 2003 - Dec 2025 |
| South Korea (% pa) | 2.50 Nov 2025 | monthly | May 1999 - Nov 2025 |
| Kosovo (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Kuwait (% pa) | 3.75 Nov 2025 | monthly | Jul 1999 - Nov 2025 |
| Kyrgyzstan (% pa) | 11.00 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Laos (% pa) | 8.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Latvia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Luxembourg (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Macau SAR, China (% pa) | 4.25 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| North Macedonia (% pa) | 5.35 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Malawi (% pa) | 26.00 Nov 2025 | monthly | Jan 1980 - Nov 2025 |
| Malaysia (% pa) | 2.75 Nov 2025 | monthly | Apr 2004 - Nov 2025 |
| Malta (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Mauritius (% pa) | 4.50 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Mexico (% pa) | 7.25 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Moldova (% pa) | 6.00 Nov 2025 | monthly | Feb 2001 - Nov 2025 |
| Mongolia (% pa) | 12.00 Nov 2025 | monthly | Jul 2007 - Nov 2025 |
| Montenegro (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Morocco (% pa) | 2.25 Nov 2025 | monthly | Jun 1995 - Nov 2025 |
| Myanmar (% pa) | 9.00 2025 | yearly | 1986 - 2025 |
| Nepal (% pa) | 6.00 Sep 2025 | monthly | Jul 2003 - Sep 2025 |
| Netherlands (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 27.00 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Norway (% pa) | 4.00 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Oman (% pa) | 4.50 Nov 2025 | monthly | May 2007 - Nov 2025 |
| Pakistan (% pa) | 12.00 Nov 2025 | monthly | Feb 1992 - Nov 2025 |
| Paraguay (% pa) | 6.00 Nov 2025 | monthly | Jul 2010 - Nov 2025 |
| Peru (% pa) | 4.25 Nov 2025 | monthly | Sep 2003 - Nov 2025 |
| Philippines (% pa) | 5.25 Nov 2025 | monthly | Jun 2016 - Nov 2025 |
| Poland (% pa) | 4.00 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Portugal (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Qatar (% pa) | 4.60 Nov 2025 | monthly | Mar 2003 - Nov 2025 |
| Romania (% pa) | 6.50 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Russia (% pa) | 16.50 Nov 2025 | monthly | Sep 2013 - Nov 2025 |
| Saudi Arabia (% pa) | 4.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Serbia (% pa) | 5.75 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Slovenia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| South Africa (% pa) | 6.75 Nov 2025 | monthly | Nov 1999 - Nov 2025 |
| Spain (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Sri Lanka (% pa) | 7.25 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Sweden (% pa) | 1.75 Nov 2025 | monthly | Jan 1987 - Nov 2025 |
| Switzerland (% pa) | -0.05 Nov 2025 | monthly | Jun 1999 - Nov 2025 |
| Syria (% pa) | 5.00 Sep 2025 | monthly | Jan 1962 - Sep 2025 |
| Taiwan (% pa) | 2.00 Nov 2025 | monthly | Jul 1961 - Nov 2025 |
| Tajikistan (% pa) | 7.50 Nov 2025 | monthly | Jun 1995 - Nov 2025 |
| Thailand (% pa) | 1.50 Nov 2025 | monthly | May 2000 - Nov 2025 |
| Tunisia (% pa) | 7.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Turkey (% pa) | 39.50 Nov 2025 | monthly | Jun 1996 - Nov 2025 |
| Ukraine (% pa) | 15.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| United Arab Emirates (% pa) | 3.90 Nov 2025 | monthly | Nov 2007 - Nov 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doGhana Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.5 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Consolidated Fiscal Balance (USD mn) | -386.239 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue (USD mn) | 1,324.882 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Tax Revenue: % of GDP (%) | 15.1 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Government Debt: % of GDP (%) | 61.8 2024 | yearly | 2006 - 2024 |
| Forecast: Government Expenditure (GHS bn) | 515.173 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (GHS bn) | 1,249.811 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (GHS bn) | 449.164 2030 | yearly | 1982 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.394 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 49.0 Aug 2025 | monthly | Mar 2005 - Aug 2025 |
| Total Exports (USD mn) | 1,909.0 Aug 2025 | monthly | Jan 2010 - Aug 2025 |
| Total Exports Growth (%) | 9.9 Aug 2025 | monthly | Jan 2011 - Aug 2025 |
| Aluminum: Exports (USD th) | 89,599.170 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 14,051.656 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 627.649 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,859.9 Aug 2025 | monthly | Mar 2005 - Aug 2025 |
| Total Imports Growth (%) | 53.5 Aug 2025 | monthly | Mar 2006 - Aug 2025 |
| Imports: Medicament (USD th) | 219,248.874 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 133,353.690 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 29.675 Aug 2025 | monthly | Feb 1985 - Aug 2025 |
| Total Imports from USA (USD mn) | 136.208 Aug 2025 | monthly | Jun 1995 - Aug 2025 |
| Total Exports to China (USD mn) | 37.620 Aug 2025 | monthly | May 1995 - Aug 2025 |
| Total Imports from China (USD mn) | 330.343 Aug 2025 | monthly | Jun 1986 - Aug 2025 |
| Export Value Index (2015=100) | 142.693 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 97.296 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 84.815 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 101.215 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -10.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Current Account Balance (USD mn) | 239.0 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 4.4 Jun 2025 | quarterly | Mar 2006 - Jun 2025 |
| Foreign Direct Investment (USD mn) | 524.9 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Direct Investment: % of GDP (%) | 2.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment (USD mn) | -61.216 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.2 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -53.3 2024 | yearly | 1975 - 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -49.184 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| External Debt (USD mn) | 29,110.3 Jun 2025 | monthly | Jan 2012 - Jun 2025 |
| External Debt: % of GDP (%) | 34.4 2024 | yearly | 1999 - 2024 |
| Forecast: Current Account Balance (USD bn) | 0.197 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -27,118.991 2024 | yearly | 2006 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 19.5 Oct 2025 | monthly | Dec 2005 - Oct 2025 |
| Non-Performing Loans (USD mn) | 2,008.748 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Money Supply M1 (USD mn) | 16,642.008 Jun 2025 | quarterly | Mar 1990 - Jun 2025 |
| Money Supply M2 (USD mn) | 25,721.726 Jun 2025 | quarterly | Mar 1990 - Jun 2025 |
| M2 Growth (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Foreign Exchange Reserves (USD mn) | 3,368.9 Jan 2024 | monthly | Jan 1965 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 3.623 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.4 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
| Gold Reserves (Metric Ton) | 1,000.000 2024 | yearly | 2008 - 2024 |
| Total Deposits (USD mn) | 24,675.872 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Total Deposits Growth (%) | 8.5 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Domestic Credit (USD mn) | 22,480.6 May 2025 | monthly | Jan 1967 - May 2025 |
| Domestic Credit Growth (%) | -9.1 May 2025 | monthly | Jan 1968 - May 2025 |
| Total Loans (USD mn) | 8,145.191 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Total Loans Growth (%) | 10.52 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 6.78 Mar 2025 | quarterly | Dec 2006 - Mar 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (%) | 14.8 Oct 2025 | monthly | Dec 2013 - Oct 2025 |
More Indicators for Ghana
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