Ghana Lending Rates Drop, Pressure Persists

March 18, 2026

The average lending rate in Ghana has declined significantly to 19.7 percent in February 2026, offering a measure of relief to businesses and households that have endured prolonged periods of ...

Monetary Policy Committee of the Bank of Ghana led by Governor Johnson Pandit Asiama cut the policy rate by 150 basis points to 14.0 percent

Bank of Ghana Slashes Policy Rate to 14%

by M.C

March 18, 2026

Ghana’s central bank has reduced its benchmark interest rate again in a move aimed at strengthening economic recovery while keeping inflationary pressures under control. The decision marks the second consecutive ...

Private Sector Dominates Ghana’s Bad Loans

The Crushing Cost of Credit in Ghana: Banks’ Lending Rate Scandal Exposed

by M.C

November 21, 2025

Ghana is finally winning the battle against inflation, yet borrowers are seeing little relief. Inflation dropped sharply to 8.0 per cent year over year in October 2025, down from 9.4 ...

Banks Cut Lending Costs as Ghana Reference Rate Drops 200 Basis Points

by M.C

October 2, 2025

The Ghana Association of Banks (GAB) has announced a significant reduction in the Ghana Reference Rate (GRR), cutting it by 200 basis points to 17.86% for October 2025. This marks ...