Some economists are predicting that commercial banks across the country will soon reduce their interest rates. Figures from the Bank of Ghana (BoG) show that the 91 day Treasury bill is at 12.5 percent while that of 182 days is at 12.9 percent. Following the decline, there have been concerns over why interest rates on … Read more
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a significant increase over the 28.2 percent average interest demanded by the banks in January this year. This means that businesses … Read more
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a significant increase over the 28.2 percent average interest demanded by the banks in January this year. This means that businesses … Read more