Deposit Interest Rates Statistics in Ghana (2026)
In 2023, the average deposit interest rate in Ghana stood at 11.4%, according to World Bank World Development Indicators data. Down from 12.1% in 2022 to 11.4% in 2023 (−0.6 percentage points). Ghana ranks #4 of 27 economies in Sub-Saharan Africa on this measure, and #9 of 113 globally.
Key Statistics
- Latest value (2023)
- 11.4% (2023)
- Deposit Interest Rates in Ghana as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −0.6 pp (2023)
- Down from 12.1% in 2022 to 11.4% in 2023 (−0.6 percentage points).
- Earliest value in this dataset (1991)
- 21.3% (1991)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 21.3% in 1991 to 11.4% in 2023.
- Peak value (1997)
- 35.8% (1997)
- Highest value in the available series; the 2023 value is 11.4%.
- Rank in Sub-Saharan Africa
- #4 of 27 (2023)
- Ghana ranks 4 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #9 of 113 (2023)
- Ghana ranks 9 of 113 countries with data globally.
- Sub-Saharan Africa average
- 6.3% (2023)
- Ghana (11.4%) is above the average of 6.3% across the 27 countries in Sub-Saharan Africa with data.
- Internet use in Ghana (2024)
- 72.2% (2024)
- 72.2% of the population in Ghana used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 34.4 million (2024)
- Ghana had a population of 34.4 million in 2024 (World Bank); shown for scale only.
Trend, 1991–2023
| Year | % | Change |
|---|---|---|
| 2023 | 11.4% | −0.6 pp |
| 2022 | 12.1% | +0.6 pp |
| 2021 | 11.5% | +0.0 pp |
| 2020 | 11.5% | +0.0 pp |
| 2019 | 11.5% | −0.6 pp |
| 2018 | 12.1% | −2.0 pp |
| 2017 | 14.1% | +1.0 pp |
| 2016 | 13% | −0.3 pp |
| 2015 | 13.3% | +0.4 pp |
| 2014 | 12.9% | +0.6 pp |
| 2013 | 12.3% | +2.3 pp |
| 2012 | 10.1% | +1.1 pp |
| 2011 | 8.9% | −4.0 pp |
| 2010 | 12.9% | −4.2 pp |
| 2009 | 17.1% | +5.8 pp |
| 2008 | 11.3% | +2.4 pp |
| 2007 | 8.9% | +0.0 pp |
| 2006 | 8.9% | −1.3 pp |
| 2005 | 10.2% | −3.5 pp |
| 2004 | 13.6% | −0.7 pp |
| 2003 | 14.3% | −1.9 pp |
| 2002 | 16.2% | −14.6 pp |
| 2001 | 30.9% | +2.3 pp |
| 2000 | 28.6% | +5.0 pp |
| 1999 | 23.6% | −8.5 pp |
| 1998 | 32% | −3.7 pp |
| 1997 | 35.8% | +1.3 pp |
| 1996 | 34.5% | +5.8 pp |
| 1995 | 28.7% | +5.6 pp |
| 1994 | 23.1% | −0.5 pp |
| 1993 | 23.6% | +7.3 pp |
| 1992 | 16.3% | −5.0 pp |
| 1991 | 21.3% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Ghana?
The average deposit interest rate in Ghana stood at 11.4% in 2023, according to World Bank World Development Indicators data.
How does Ghana compare with other countries in Sub-Saharan Africa?
Ghana ranks 4 of 27 countries in Sub-Saharan Africa with data, with 11.4% versus a regional average of 6.3% (latest values per country).
Where does Ghana rank globally on deposit interest rates?
Ghana ranks 9 of 113 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did deposit interest rates in Ghana peak?
The highest value in the available series was 35.8% in 1997; the latest (2023) value is 11.4%.
How recent is the deposit interest rates data for Ghana?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Ghana.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .