Digital Banking and Financial Performance Review
Sub-Saharan Africa Interest Rates and Inflation Highlights
Interest Rate
In response to happenings in major global economies, most African
economies raised their benchmark rate to curb inflationary pressures.
Inflation
Economic output is still below pre-pandemic levels this year. Inflation is expected
to remain elevated due to the limited fiscal policy environment.
30
25
20
15
10
5
12
10
8
6
Jan-22
Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Gambia
Ghana
Liberia
Cote D'voire
0
Jan-22 Feb-22
Mar-22 Apr-221 May-22 Jun-22
Jul-22
Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
▬▬▬▬▬▬▬ Tanzania: ― Rwanda
Uganda
Kenya
Source: Bloomberg, AfDB, GTCO IR analysis
60.0
50.0
40.0
30.0
20.0
10.0
25.0
20.0
15.0
10.0
5.0
Jan-22
Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Gambia ▬▬▬▬▬▬Ghana ▬▬▬▬▬▬▬▬▬Liberia
Cote D'voire
Jan-22 Feb-22 Mar 22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Tanzania
Rwanda
Uganda
Kenya
07
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