Deposit interest rate in Ghana
Ghana: Deposit interest rate was 11.4% in 2023. ▼ Falling
Deposit interest rate in Ghana, 1978–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Ghana is 11.4%, measured in 2023.
The figure is down 5.3% on the previous year and down 7.6% over ten years.
Over the whole period, deposit interest rate in Ghana peaked at 35.8% in 1997 and was at its lowest, 8.9%, in 2006.
Ghana ranks 13th of 152 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 45 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.5% | 11.5% | 11.5% | 2 |
| 1980s | 14.3% | 11.5% | 17.6% | 10 |
| 1990s | 26.6% | 16.3% | 35.8% | 9 |
| 2000s | 16.0% | 8.9% | 30.9% | 10 |
| 2010s | 12.1% | 8.9% | 14.1% | 10 |
| 2020s | 11.6% | 11.4% | 12.1% | 4 |
Countries ranked near Ghana
More financial sector data for Ghana
- Domestic credit to private sector 8.9% (2024)
- Net domestic credit 269.34 billion current LCU (2024)
- Total reserves in months of imports 1.64 (2024)
- Net foreign assets 60.01 billion current LCU (2024)
- Domestic credit to private sector by banks 8.2% (2024)
- Monetary Sector credit to private sector 8.9% (2024)
- Claims on central government, etc. 12.8% (2024)
- Broad money 29.9% (2024)
- Official exchange rate 12.56 LCU per US$, period average (2025)
- Net migration -17,079 (2025)
Frequently asked questions
- What is deposit interest rate in Ghana?
- Deposit interest rate in Ghana was 11.4% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Ghana?
- The highest recorded value was 35.8% in 1997.
- What is the lowest deposit interest rate recorded in Ghana?
- The lowest recorded value was 8.9% in 2006.
- How does Ghana rank for deposit interest rate?
- Ghana ranks 13th out of 152 countries with data for 2023.
- Is deposit interest rate rising or falling in Ghana?
- Over the last ten years it is down 7.6%. The long-run trend across the full record is falling.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.