Ghana has maintained the top position for the highest interest rates in Africa over the last two years.

Despite a decline in rates after receiving the first tranche of the IMF loan and completing the debt exchange program, recent reports indicate that rates for the 91-day and 182-day Treasury bills remain relatively high at about 29.24% and 31.88%, respectively.

Even with decreases of 6.12% and 4.10% in yields for the 91-day and 182-day bills in 2023, current interest rates hover around 32%, placing Ghana at the forefront of African countries with the highest rates.

Egypt closely follows as the second-highest, with rates of 25.68% for the 91-day bill and 25.95% for the 182-day bill.

Meanwhile, Cape Verde and the Seychelles have recorded the lowest interest rates in Africa.