Tag: lending rates

The Bank of Ghana’s (BoG) bold 300 basis point reduction in the policy rate — the steepest in recent history — has been hailed as a significant step towards economic ...

The Bank of Ghana has reported a continued decline in average lending rates, with the figure dropping to 30.45% in October 2024. This marks a slight reduction from the 32.69% ...

As of the end of December 2023, the average lending rates on loans extended to individuals and businesses by banks in the country have experienced a marginal uptick, reaching 33.75%. ...

Data from the Ghana Statistical Service (GSS)  has disclosed a marginal fall of the Consumer Price Index (CPI) Inflation from a record of 54.1% in December 2022 to 53.6% in ...

The Bank of Ghana (BoG) has revealed that Ghanaian Banks do not expect lending rates in the country to change significantly in the first six months of the year. This ...

The Institute of Economic Affairs (IEA) has urged the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) to leave its policy rate unchanged after completing its 104th review ...

A new report by the Bank of Ghana has named Universal Merchant Bank (UMB) and others as the banks with the lowest interest rate on loans offered to small and ...

Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey, has underscored that the recent hike in the policy rate by 100 basis points may help ...

President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has disclosed that the projected establishment of the Ghana Traders Bank is to help minimize lending rates to ...

Mrs Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana (BoG), has expressed her reservation about the high spate of lending rates that commercial banks in the country ...