Real interest rate | Ghana

The Real interest year-end rate of Ghana in 2024 was 27.00%. The end-2023 rate was  30.00%. This is the first year of decline after a period of growth. The lowest real interest rate in Ghana was recorded in 1965, with a value of  4.50%. The highest rate was in 1997, when it achieved 45.00%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.