ALL POSTS FILED UNDER: INTEREST RATES
Interest rates hit 33%; government misses T-bills sale by 16%
Add a CommentInterest rates inched up to 33% to reflect surging inflation and the rapid depreciation of the cedi. The increase in interest rates is however lower than the current inflation of 37.2% and the rate of cedi depreciation which is more … Read more →
Banks must reduce interest rates – Ken Agyapong
Add a CommentThe Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has called on commercial banks to reduce interest rates to stimulate economic activity. “Interest rates in Ghana are very ridiculous and make it virtually impossible for local businesses to compete … Read more →
Interest rates drop to 24.5%
Add a Comment– New formula expected to lead to further reductions Data published by the Bank of Ghana (BoG) shows that the industry average base rate of commercial banks has dropped to 24.5 per cent as of February 28, 2018. This represents … Read more →
Interest rates to rise further – Study
Add a CommentThe cost of borrowing for business in Ghana is unlikely to decline any time soon as research and investment firm, InvestCorp is projecting a further hike in the central bank’s policy rate to 27.50 per cent by the end of … Read more →
Spio-Garbrah declares war on interest rates
Add a CommentThe Minister of Trade and Industry, Ekwow Spio-Garbrah (Dr), has declared war on interest rates in an effort to drive down the cost of borrowing within the banking and financial services sector. Individuals and businesses, especially small and medium enterprises (SMEs), … Read more →
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