Tag: Borrowing Costs
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Lending Rates Set to Drop as Ghana Reference Rate Hits 17.86%
Ghana's benchmark lending rate fell to 17.86% in October from 19.86% in September, offering businesses and households their first meaningful relief from borrowing costs...
Bond market surge puts pressure on Reeves ahead of autumn budget
UK government borrowing costs have climbed to their highest level in nearly three decades, creating fiscal headaches for Chancellor Rachel Reeves as she prepares...
Ghana Reference Rate Hits Record Low, Easing Borrowing Costs
The Ghana Reference Rate (GRR) fell to an unprecedented low of 19.67% in August 2025, signaling reduced credit costs for individuals and businesses.
This benchmark...
High Borrowing Costs Threaten Ghana’s 24-Hour Economy, Warns Think Tank
Despite Ghana’s macroeconomic strides including a 42.6% cedi appreciation and inflation dropping to 13.7% private-sector lending rates remain prohibitively high, jeopardizing the government’s 24-Hour...
Ghanaian Banks Advocate for Lower Reserve Rules to Ease Borrowing Costs
Ghana’s banking sector is urging the Bank of Ghana (BoG) to reduce mandatory cash reserve requirements, a move industry leaders argue could unlock cheaper...
