The Policy rate Graph is supposed to give readers an overview of the historical trends in the key policy rate of the Bank of Ghana. Visitors to this site will be able to select any sample period for which they wish to view the policy rate graph.
Historically since the inception of business of the bank, the key rate announced by the Bank of Ghana has undergone various transformations and changes. First the name rediscount was used during the period, then the bank rate, then the prime rate and now known as the monetary policy rate
The rate is a signaling rate which is supposed to serve as a reference cap for all other rates in the economy.