Banks Record Lowest Average Lending Rate of 28.8% in Q4 2024
The banking sector in Ghana recorded its lowest average lending rate of 28.8% in the fourth quarter (Q4) of 2024, marking a slight decrease from the 28.8% recorded in Q4 ...
Tag: Lending Rate
The Cedi In Precarious Position As Over 25% Depreciation Sparks Concerns
In a latest report released by the Bank of Ghana, it has been revealed that the Ghanaian cedi is facing a perilous situation, having depreciated by approximately 25.8% against the ...
BoG Urges Banks To Lower Lending Rates In Response To Declining Inflation
The Bank of Ghana (BoG) has urged commercial banks to lower lending ratesthe performance of the country's macroeconomic indicators, such as inflation, continues to improve in performance. Elsie Addo Awadzi, ...
Ghana’s Int’l Reserves Boost Slightly To $2.62bn; BoP Remains Negative- BoG
The Central Bank of Ghana (BoG) has disclosed in its March 2023 Summary of Economic and Financial Data that Ghana’s net international reserves improved slightly to $2.62 billion, about 2.8 ...
BoG’s 110th MPC Meeting: MPC Increases Policy Rate To 28%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased policy rate by 100 basis points from the initial 27 per cent to 28 per cent. In ...
Average lending rate down by 0.36% in first 6 months of 2021
The first half of the year has seen a marginal downward spiral of average lending rate in the country which most often do not change in the direction of the ...
Several factors account for discrepancy between Policy Rate and Lending rate – John Awuah
The Chief Executive Officer (CEO) of Ghana Association of Bankers - Mr. John Awuah has said that many factors account for the discrepancy between the policy rate and lending rates ...
Copyright © 2021 The Vaultz News. All rights reserved.