Real interest rates remained positive in April 2026 - BoG
Bank of Ghana disclosed in its May 2026 Monetary Policy Report that real interest rates remained positive in April 2026, indicating a tight monetary policy stance in April 2026. Interest rate developments in April 2026 reflected a less restrictive monetary policy environment and sustained disinflation observed since the second half of 2025.
Relative to April 2025, policy and market interest rates declined. The Monetary Policy Rate declined to 14.0% from 28.0% in April 2025, a 14-percentage point reduction. The Interbank Weighted Average Rate (IWAR) declined to 10.4% in April 2026 from 26.9% a year earlier. The average lending rate of banks eased to 16.3% from 27.4% in April 2025. Treasury bill rates also declined, with the 91-day, 182-day, and 364-day rates falling to 4.9%, 6.8%, and 10.0% respectively, compared with 15.5%, 16.2%, and 18.6% a year earlier.
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Ghana's central bank has released its latest Monetary Policy Report, shedding light on the nation's real interest rates in April 2026. The report
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