Ghana Financial Market Intelligence
What Ghanaian financial products cost, kept as it changes
For banks, fund managers, researchers, students and individual professionals. Every figure comes from a provider’s own document or a Bank of Ghana return, carries its date and source, and is kept when the next version replaces it. The public site shows today’s figures; this is the full record behind them.
Where each bank sits
Three views of one loan, the one-year household loan, from the Bank of Ghana return for May 2026, the latest the Bank has published. Every bar is a bank, drawn to scale. The latest return is named in full on our lending rates page; a subscription adds each bank’s movement between returns, every borrower type and term, and an alert when a bank moves.
The spread of the market
The dearest bank charges 16.5 points more than the cheapest for the same loan.
In May 2026 a one-year household loan cost 11.6% a year at the cheapest of 21 banks and 28.1% at the dearest, fees included. In September 2021 the gap was 7.8 points.
Cheapest to dearest bankThe middle bankOne column for each return held; the Bank does not publish every month.
Show the figures
| Return | Cheapest | Middle | Dearest | Banks |
|---|---|---|---|---|
| Sep 2021 | 22.5% | 25.7% | 30.3% | 23 |
| Mar 2024 | 29.1% | 37.8% | 47.8% | 22 |
| Sep 2024 | 24.8% | 35.4% | 56.0% | 22 |
| Mar 2025 | 23.8% | 34.0% | 50.8% | 21 |
| Jun 2025 | 20.2% | 31.3% | 42.2% | 21 |
| May 2026 | 11.6% | 18.9% | 28.1% | 21 |
Margin over the reference rate
Banks add between 1.2 and 13.5 points to the reference rate.
What each of 21 banks adds to the Ghana Reference Rate of 10.0% on a one-year household loan, May 2026. The middle bank adds 4.3 points.
- Lowest1.2 pts
- Middle4.3 pts
- Highest13.5 pts
The full cost against the quoted rate
At the middle bank, a loan costs 3.9 points more than the rate quoted.
The full yearly cost less the quoted rate at each of 21 banks, on a one-year household loan, May 2026, as the Bank of Ghana publishes them. At the middle bank a loan quoted at 15.0% costs 18.9% once fees are counted; across banks the difference runs from 0.0 to 11.4 points.
- Lowest0.0 pts
- Middle3.9 pts
- Highest11.4 pts
Bank of Ghana Annual Percentage Rate returns
What the record looks like
Four views, drawn from the series the service delivers. Each chart is a slice: the full record has every date, every source document, and the series behind every line.
How far back each series goes
One bar per series, from its first date held to its latest. The longest starts in Jan 2005.
- Exchange rates: dollar, pound, euroJan 2005 to Sep 2026
- Gold price, LondonJan 2006 to Mar 2026
- Share prices, every listed companyJun 2007 to Oct 2026
- InflationJan 2013 to Aug 2026
- Treasury bill ratesJan 2015 to Oct 2026
- Bank deposit ratesJan 2015 to Mar 2026
- Bank lending rates, averageJan 2015 to Mar 2026
- Policy rateJan 2015 to Jul 2026
- Ghana Reference RateApr 2018 to Oct 2026
- Ghana Gold Coin pricesNov 2024 to Sep 2026
What a saver earned against rising prices
The 91-day Treasury bill rate and inflation, month by month. Where the bill line is below, a saver in bills was losing ground.
- 91-day Treasury bill4.9%, Mar 2026
- Inflation, year on year5.0%, Aug 2026
Show the figures
| End of | 91-day Treasury bill | Inflation, year on year |
|---|---|---|
| 2015 | 23.1% (Dec) | 17.7% (Dec) |
| 2016 | 16.8% (Dec) | 15.4% (Dec) |
| 2017 | 13.3% (Dec) | 11.8% (Dec) |
| 2018 | 14.6% (Dec) | 9.4% (Dec) |
| 2019 | 14.7% (Dec) | 7.9% (Dec) |
| 2020 | 14.1% (Dec) | 10.4% (Dec) |
| 2021 | 12.5% (Dec) | 12.6% (Dec) |
| 2022 | 35.5% (Dec) | 54.1% (Dec) |
| 2023 | 29.4% (Dec) | 23.2% (Dec) |
| 2024 | 27.7% (Dec) | 23.8% (Dec) |
| 2025 | 11.0% (Nov) | 5.4% (Dec) |
| 2026 | 4.9% (Mar) | 5.0% (Aug) |
Bank of Ghana Statistical Bulletin; Ghana Statistical Service
What banks charge above the policy rate
The average bank lending rate and the Bank of Ghana policy rate. The gap between the lines is the margin borrowers pay.
- Average lending rate17.7%, Mar 2026
- Policy rate14.0%, Jul 2026
Show the figures
| End of | Average lending rate | Policy rate |
|---|---|---|
| 2015 | 27.5% (Dec) | 26.0% (Dec) |
| 2016 | 28.1% (Dec) | 25.5% (Dec) |
| 2017 | 26.2% (Dec) | 20.0% (Dec) |
| 2018 | 24.0% (Dec) | 17.0% (Dec) |
| 2019 | 23.6% (Dec) | 16.0% (Dec) |
| 2020 | 21.1% (Dec) | 14.5% (Dec) |
| 2021 | 20.0% (Dec) | 14.5% (Dec) |
| 2022 | 35.6% (Dec) | 27.0% (Dec) |
| 2023 | 33.8% (Dec) | 30.0% (Dec) |
| 2024 | 30.3% (Dec) | 27.0% (Dec) |
| 2025 | 21.7% (Nov) | 18.0% (Nov) |
| 2026 | 17.7% (Mar) | 14.0% (Jul) |
Bank of Ghana Statistical Bulletin
Cedis to one US dollar
The month-end exchange rate. The same series is held for the pound and the euro.
11.71 in Sep 2026, from 0.90 in Jan 2005
Show the figures
| End of | Cedis per US dollar |
|---|---|
| 2005 | 0.91 (Dec) |
| 2006 | 0.92 (Dec) |
| 2007 | 0.97 (Dec) |
| 2008 | 1.21 (Dec) |
| 2009 | 1.43 (Dec) |
| 2010 | 1.47 (Dec) |
| 2011 | 1.55 (Dec) |
| 2012 | 1.88 (Dec) |
| 2013 | 2.16 (Dec) |
| 2014 | 3.20 (Dec) |
| 2015 | 3.79 (Dec) |
| 2016 | 4.20 (Dec) |
| 2017 | 4.42 (Dec) |
| 2018 | 4.82 (Dec) |
| 2019 | 5.53 (Dec) |
| 2020 | 5.76 (Dec) |
| 2021 | 6.01 (Dec) |
| 2022 | 8.58 (Dec) |
| 2023 | 11.88 (Dec) |
| 2024 | 14.70 (Dec) |
| 2025 | 10.45 (Dec) |
| 2026 | 11.71 (Sep) |
Bank of Ghana Statistical Bulletin
Hover or drag across a chart for the figure at any date. A subscription delivers each series in full, as Excel, CSV or an API, with the source document behind every value.
What the data covers
Fees and charges, since 2019
Account, card, transfer, loan, mortgage, credit card and savings charges, line by line, in each provider's own words, with the Bank of Ghana survey's history quarter by quarter from 2019.
Banks' tariff guides; Bank of Ghana Survey of Bank Charges
Lending rates, since September 2021
Every licensed bank's rate for households, small businesses and companies, at one, three and five years, with the fee breakdown and the margin over the reference rate.
Bank of Ghana Annual Percentage Rate returns
Rates and inflation
The policy rate, interbank rate, banks' average deposit and lending rates, exchange rates and inflation, month by month, most from 2015 and exchange rates from 2005.
Bank of Ghana Monthly Statistical Bulletins
Treasury bills, since 2015
The 91-, 182- and 364-day rates: monthly averages from 2015, and every weekly tender from May 2026.
Bank of Ghana bulletins and weekly tender results
Shares, since 2007
Every listed share's daily price from June 2007, adjusted for bonus issues, with how often each one actually trades.
Ghana Stock Exchange daily price table and monthly reports
Gold coins, since launch
Every Ghana Gold Coin pricing circular since the coin went on sale in November 2024, with the London gold price and exchange rate behind each, so the premium over the metal can be worked out.
Bank of Ghana pricing circulars; LBMA
Savings
Published savings rates with the conditions that change them, and what it takes to open an account at every bank.
Banks' own pages and tariff guides; Bank of Ghana survey
Share trading costs
The exchange's commission band and levies, and brokers' own schedules where they show them.
Ghana Stock Exchange Trading Rules; brokers' platforms
What a subscription adds to the free site
- Change alerts. The week a provider republishes its prices, with what moved.
- Full tables. Every line of every tariff guide, not just the ones on the public pages.
- Dated history. Every figure as it stood on each date we captured it, with its source document.
- Your institution against the market. Where your prices sit on any product line, against every competitor.
- Exports. Excel, CSV or an API, ready for a pricing committee paper.
Products
Prices are quoted to each institution. Tell us what you need and we will send details.
Pricing Monitor — individual
Price on request
A monthly report: what changed, market averages and bank-by-bank tables, for one person: a professional, researcher or student.
Pricing Monitor — institution
Price on request
The monthly report for up to five users at one institution, with change alerts the week a provider republishes its prices.
Market reports
Price on request
Quarterly deep dives: retail lending, SME lending, savings and deposits, cards and fees.
Pro
Price on request
The Pricing Monitor for your institution, every market report, and a monthly Excel data pack of the full record.
Data feed, API and custom benchmarking
Price on request
The full dataset delivered to your systems, or your institution's prices set against every competitor.
For prices, or to subscribe, request details.
A sample: what banks charge upfront on a personal loan
Every licensed bank, ranked by its upfront fees, with what changed in its latest tariff guide and how lending rates have moved since 2021. One page, every figure cited.
Download the sample (PDF) →Read Issue 1 of the Pricing Monitor, September 2026 (PDF) →How the data stays honest
From the source. Tariff guides, fee pages and Bank of Ghana returns, read document by document. Nothing is estimated; where a provider publishes nothing, the record says so and gives the date we looked.
No payment from the institutions we cover. Providers cannot pay to change how they appear, here or on the public site. That is what makes the data worth using.
Quoting stays free. Journalists and readers can quote any figure on the public site without asking. Subscriptions are for the full record, delivered and kept current.
Tell us what you need to track
A product line, a set of competitors, a history, or a question the public pages do not answer. We will show you what the data holds and what it would take.
Request a conversationOr write to sales@cedafin.com
Not licensed by the Securities and Exchange Commission of Ghana. We publish factual comparisons of regulated products and do not provide investment advice, hold client money, or execute transactions.