Tag: lending rates

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 ...

Dr. Ernest Addison, Governor of the Bank of Ghana (BoG) has stated that a strong fiscal consolidation is needed to reduce the high cost of borrowing in the country. According ...

The Chief Executive of the Ghana Association of Bankers, Mr. John Awuah disclosed that monetary policy regulation in itself has trivial impact on lending rate. According to him, changes in ...

Dr. John Kwakye, the Director of Research and Senior Economist at the Institute of Economic Affairs (IEA), disclosed that the high-cost lending by the banks can be attributed to their ...

Business Development and Services Director at the Association of Ghana Industries (AGI), Johnson Opoku Boateng, has decried the current lending rates in the country. According to him, the lending rates ...

The interest rates on Treasury bills dip slightly at the recent weekly auction of the Government of Ghana securities.  At the auction, there were bills maturing within 91, 182 and ...

The Chief Executive Officer of the Ghana Association of Bankers (GAB), Mr. John Awuah has intimated that the Banking sector does not subscribe to charging higher interest rates on loans ...

Ghana’s Inflation rates has marginally dropped from 10.4% in December 2020 to 9.9% in January 2021, according to latest data released by the Ghana Statistical Service. This implies that the ...

The government’s plans to borrow in the first quarter of the year 2021 could result in the crowding out of the private sector keeping interest rates at which banks lend ...

The interest rate at which banks lend to each other, that is the interbank lending, is more expensive in African markets than in matured markets. A well-functioning interbank market provides ...