Bank Deposit Interest Rate

Africa Ranking

percentSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Egypt	11.9	6-2023	3	10.8
2 ↓	Ghana	11	6-2023	1	12.5
3 ↓	Uganda	10.96	6-2023	2	11.09
4	Sierra Leone	9.83	3-2023	4	9.83
5	Rwanda	9.47	5-2023	5	9.33
6	Tanzania	8.93	8-2023	6	8.34
7	South Africa	8.4	6-2023	7	8.05
8	Mozambique	7.94	1-2022	8	7.98
9	Nigeria	7.83	6-2023	9	7.84
10 ↑	Kenya	7.82	6-2023	11	7.6
11 ↓	Ethiopia	7.7	3-2023	10	7.76
12 ↑	Zambia	7.19	9-2023	13	7.12
13 ↑	Burundi	6.8	5-2023	14	6.9
14 ↓	Madagascar	6.21	3-2023	12	7.54
15	Niger	6.12	6-2023	15	6.03
16 ↑	Burkina Faso	5.53	6-2023	17	5.67
17 ↑	Namibia	5.5	8-2023	19	5.37
18 ↑	Senegal	5.44	6-2023	20	5.34
19 ↓	Togo	5.41	6-2023	16	5.7
20 ↓	Benin	5.31	6-2023	18	5.41
21	Mali	5.14	6-2023	21	5.04
22	Swaziland	5.09	7-2023	22	4.94
23	Ivory Coast	4.67	6-2023	23	4.68
24 ↑	Liberia	3.53	4-2023	25	3.53
24 ↑	Lesotho	3.53	6-2021	25	3.53
26 ↑	Guinea	3.17	6-2023	27	3.34
27 ↓	Guinea-Bissau	3.03	6-2023	24	3.75
28	Morocco	2.85	6-2023	28	2.58
29	Seychelles	2.6	6-2023	29	2.53
30	Sao Tome and Principe	2.32	6-2023	30	2.32
31	Libya	2.05	5-2017	31	2.05
32	Gambia	1.6	6-2022	32	1.6
33	Cape Verde	1.36	6-2023	33	1.37
34	Botswana	1.27	9-2022	34	1.18

The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.