Bank of Ghana raises Monetary Policy Rate to 14.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 100 basis points ...
Tag: interest rates
Sub-20% interest rates needed for businesses to be competitive – GUTA
President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says until interest rates on loans drop below ...
GUTA accuses banks of maintaining high interest rates despite drops in policy rate
The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng is accusing banks in the country of ...
Policy rate may not change anytime soon – Economist
The monetary policy rate has once again been maintained at 14.5% by the Monetary Policy Committee of Bank of Ghana. ...
High interest rates collapsing indigenous businesses – Togbe Afede XIV
The President of the National House of Chiefs, Togbe Afede XIV, is blaming the collapse of indigenous companies on Ghana’s ...
Low interest rates will empower local banks to fund cocoa purchasing – BoG Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, has said reduced domestic interest rates will empower local banks ...
Banks to readjust interest rates to reflect drop in policy rate
Some commercial banks operating in the country say they are yet to finalize processes to determine the level of readjustment ...
Banks’ fees on retail loans hit 7.75% aside from interest charge – BoG survey
A survey by the Bank of Ghana has shown that for the last quarter of 2019, a retail loan could ...
Average interest rate on deposits stays at 10.4%
The average interest rate on customer deposits among commercial banks, remained unchanged at 10.4 percent in December 2017. According to ...
Are bank customers in Ghana well informed about cost of credit? [Article]
In a series of articles, I will be sharing my views on how to educate bank customers in Ghana about ...
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