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Tag Archives: Unibank

Banks base rates stay at 26.6% in September

Dr. Ernest Addison - BoG Governor

The average base rate among commercial banks remained at 26.6 percent in September 2017 as recorded in August 2017. The base rate is the lowest rate at which a bank would lend to its customers. According to the Bank of Ghana’s Annual Percentage and Average Interest report, of the thirty-one banks that were surveyed, Unibank still tops with its base rate ...

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Banks demand expedited issuance of energy bond

bond

Commercial banks are pleading with government to speed up processes to settle the energy sector debt. The banks had earlier bewailed that the debt is affecting their base rates. Government’s economic team is currently in a discussion with the International Monetary Fund (IMF) to come out with an appropriate mode to issue the 2.5 billion dollar energy bond to clear ...

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Banks’ interests on car loans drop to 31.1 % in June                                  

cars

The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on vehicle loans. Its rate on your car loan is 39.8 percent. The report, however, stated that Bank of Baroda’s rate between 22 and 28 percent is least among banks that offer vehicle loan. The average interest ...

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Unibank offers most expensive interest on car loans – BoG report

cars

The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at August last year. The rate ...

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Banks’ average base rate increases to 27.8%

bank-loan-approved

The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and advances by commercial banks in the country has increased marginally between May and September this year. The figure increased from 27.5 percent to 27.8 percent during the ...

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