Lending rate
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Average lending rate narrows to 32.77% in February 2024 – BoG

March 25, 2024 Average lending rate narrowed to 32.77% in February 2024, from 33.75% per annum in December 2023, according to data from the Bank of Ghana. This is equivalent to 2.73% per month on loans...

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March 25, 2024 / Comments (0)

Average lending rate remains within 31% bracket

September 26, 2023 Average lending rate continue to remain within the 31% bracket after falling from a high of 35.8% in January 2023 to 31.15% in June 2023. This is equivalent to an average of 2.583% per...

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September 26, 2023 / Comments (0)

MPC to hold policy rate steady at 29.50%; lending rates to remain unchanged

July 19, 2023 The Monetary Policy Committee is expected to hold the policy rate at 29.50%. According to GCB Capital, this will be in support of growth and economic activity as it expects the disinflation...

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July 19, 2023 / Comments (0)

Average lending rates shoot up marginally to 36.64% – BoG

March 27, 2023 Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of Ghana has revealed. This is equivalent to 3.02% interest...

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March 27, 2023 / Comments (0)

No new banking applications yet — Bank of Ghana

September 25, 2019 The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison,...

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September 25, 2019 / Comments (0)

Banks’ average lending rate inches up, hits 27.8%

April 25, 2019 Even though the country’s policy rate has been trending downward for the past two years and banks are now using the Ghana Reference Rate – a formula that allows the policy rate to...

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April 25, 2019 / Comments (0)