Economy · Monetary policy rate · Ghana
Ghana’s monetary policy rate was 14% in 24 Sep 2026.
14%
24 Sep 2026
First published value.
Updated 18 Oct 2026
In plain words
14%
What it is. The monetary policy rate is the benchmark interest rate that Ghana's central bank sets at each meeting of its monetary policy committee. It is a single announced figure that anchors short-term borrowing costs across the economy, including interbank lending and the yields on government bills. Rates paid by households and firms are built on top of it, with bank margins and risk premiums added.
Neither way is good in itself. A higher policy rate makes loans dearer and saving more rewarding, which restrains spending and price rises. A lower rate makes credit cheaper and supports lending and growth, with more pressure on prices. Which of these suits the country depends on what the economy needs at the time. The latest figure is 14%, set on 24 September 2026. Since Sep 2026 that reading is both the lowest and the highest in the span, at 14%.
Why it matters. At 14%, borrowing costs for Ghanaian businesses and households with loans are priced off a high base, and savers can earn a correspondingly high return on deposits and treasury bills. The government's own borrowing costs follow the same benchmark. The next committee meeting is the date to check for any change from 14%.
| Period | Monetary policy rate · Ghana |
|---|---|
| 24 Sep 2026 | 14% |
Source: Bank of Ghana, Monetary Policy Committee decision, 132nd meeting, September 2026 · Licence: Public central bank announcement, cited with attribution; reuse terms not separately reviewed
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Every change is logged in Corrections. How the figure is made: Methodology.
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Strata-AF™ Data, Monetary policy rate, Ghana, 24 Sep 2026; source Bank of Ghana, Monetary Policy Committee decision, 132nd meeting, September 2026, retrieved 18 Oct 2026; https://data.strata-af.com/economy/monetary-policy-rate/ghana
Data insights · Worked out from the published figures
What this means
Working this out from the published figures…
Strata AI commentary is coming — reviewed, dated, and generated only from the figures on this page.
Methodology
The central bank's policy rate, as set at each monetary policy committee meeting.
The central bank's main policy interest rate, as announced after each Monetary Policy Committee (MPC) meeting. Unit: %.
The rate used for each country: Nigeria, the Monetary Policy Rate; Kenya, the Central Bank Rate; South Africa, the policy rate (formerly the repo rate); Ghana, the Monetary Policy Rate; Egypt, the overnight deposit rate.
Source: each central bank's own MPC statement or communiqué, cited on every data point. Updated each time the MPC meets, whether or not the rate changes. Meeting dates differ by country, so points are not aligned.
Caution: the rates are not strictly comparable. Each central bank uses a different instrument and corridor, and Egypt's headline rate is a deposit rate.