Nigeria’s hefty rate cut erodes its carry-trade edge against Ghana

🇳🇬 Nairametrics Nigeria (NG) —
Nigeria’s hefty rate cut erodes its carry-trade edge against Ghana

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Nigeria's Central Bank cut its benchmark interest rate by 350 basis points to 23%, reducing its interest-rate advantage over Ghana. This shift makes Ghana a more attractive destination for portfolio capital inflows in West Africa.

Nigeria’s interest-rate differential has fallen behind Ghana after the Central Bank of Nigeria (CBN) cut its benchmark rate by 350 basis points to 23% on Tuesday, September 22, 2026, making the West African peer a more attractive destination for portfolio capital inflows. The post Nigeria’s hefty rate cut erodes its carry-trade edge against Ghana appeared first on Nairametrics.

World Markets Nigeria Central Bank interest rate carry trade Ghana portfolio capital

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