FX.co ★ Ghana Slashes Prime Interest Rate to 15.50% in January, Easing From 18.00%

Ghana’s prime interest rate fell to 15.50% in January 2026, down sharply from 18.00% last recorded in November 2025, according to data updated on 28 January 2026. The move marks a notable easing in borrowing costs after a period of relatively tight credit conditions.

On a month‑over‑month basis, the January reading is assessed against the previous available figure, highlighting a 2.50 percentage point reduction from November’s 18.00%. The previous comparison period reflected the change in November relative to October, while the current comparison shows the latest adjustment in prime rates into the new year.

The lower prime rate is expected to translate into cheaper financing for businesses and consumers, with potential implications for investment, consumption, and overall economic momentum in Ghana as 2026 begins. Market participants will be watching how this rate cut feeds through to commercial lending conditions and credit demand in the coming months.