Will a policy rate cut be sufficient to drive down banks’ lending rates?
The Bank of Ghana, in March 2020 reduced the monetary policy rate by 150 basis points from 16.0 percent to 14.5 percent in response to the debilitating effects of the ...
The Bank of Ghana, in March 2020 reduced the monetary policy rate by 150 basis points from 16.0 percent to 14.5 percent in response to the debilitating effects of the ...
The interest rate at which banks lend to individuals and the private sector has eased significantly to 20.9 percent by the end of November 2020 from 24 percent in November 2019, indicating a year-on-year decline of approximately 3.1 percent. ...