What is Bank of Ghana interest rate?

Bank of Ghana holds key interest rate at 13.5%

What is the current interest rate of Bank of Ghana?

Ghana Keeps Key Interest Rate at 13.5%

The Bank of Ghana held its monetary policy rate at 13.5% during its September meeting, saying the risks to inflation and growth were broadly balanced.

Which bank in Ghana has the highest interest rate?

For agriculture, NIB and Republic Bank offered the highest interest rate of 34.8% and 33.5 – 34.2% respectively, while NIB, again, and CAL Bank offered the expensive loans at rates of 29.5 – 34.3% and 29%, respectively in the agriculture and manufacturing sectors.

What is the current interest rate on fixed deposit in Ghana?

Fixed Deposits (week ending December 03, 2021)

Tier (GHS) 30-days 91-days
10 – 25k 4.00 5.50
>25 – 50k 5.00 6.50
>50 – 100k 6.00 7.50
>100 – 500k 7.00 8.50
IT\'S FUNNING:  Is Morocco part of the Schengen zone?

What is the interest rate today for savings account?

According to the FDIC, the national average interest rate on savings accounts stands at 0.06% APY.

Which bank in Ghana is good for investment?

Standard Chartered is one of the best investment banks in Ghana with great investment packages such as Mutual Fund (this is professionally managed investment scheme.

What is the interest rate on fixed deposit at GCB?

For amounts above $5,000 or equivalent, contact your branch/RM.

Issue Date Maturity Date Offer Rate
7/Jan/19 3/Jan/22 12.80%
20/Jan/20 16/Jan/23 17.50%
9/Mar/20 6/Mar/23 17.50%
23/Mar/20 17/Mar/25 18.00%

What is the interest rate for Treasury bills in Ghana?

Ghana: Markets

Reference Last
Stock Market Index 25 Nov 2021 2,859
Money Market Rate Sep 2021 12.61
Treasury Bills (over 31 days) Sep 2021 12.09
Lending Rate May 2017 22.5

Which bank has good interest rate?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest Rates for General Citizens (per annum)
ICICI 7 days to 10 years 2.50% to 5.50%
Punjab National Bank 7 days to 10 years 2.90% to 5.25%
HDFC Bank 7 days to 10 years 2.50% to 5.50%
Axis Bank 7 days to 10 years 2.50% to 5.75%

What is the interest rate on savings account in Ghana?

Savings Interest Rates

Band [GHS] Savings Plus My Dream Account
> 5,000 – 10,000 1.20% 1.50%
> 10,000 – 50,000 1.50% 1.70%
> 50,000 – 100,000 2.50% 2.70%
> 100,000 – 500,000 4.00% 4.50%

Is fixed deposit interest paid monthly?

Interest paid on a fixed deposit is paid either monthly or quarterly according to the investor’s choice. So if you invest Rs 3 lakhs in a one year fixed deposit which pays 8 per cent you can earn Rs 2,000 of interest every month or Rs 6,000 of interest every quarter.

IT\'S FUNNING:  Who is the chairman of Access Bank Nigeria?

How much interest will 10000 earn in a savings account?

How much compound interest can you earn on $10,000? Say you have $10,000 in a high-yield savings account that earns 0.50% APY, and you keep the money in the account for five years. Using the simple interest formula (Interest = $10,000 x 0.005 x 5), you can see that your simple interest would be $250.

Which bank pays the highest interest on savings?

Best Savings Accounts:

  • LendingClub – 0.60% APY.
  • CFG Bank – 0.59% APY.
  • Comenity Direct – 0.55% APY.
  • BrioDirect – 0.55% APY.
  • Alliant Credit Union – 0.55% APY.
  • Fitness Bank – 0.55% APY.
  • USAlliance Financial Credit Union – 0.55% APY.
  • Quontic Bank – 0.55% APY.