Tag: Ghana Reference Rate
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Mobile Money Borrowers Pay Up To 180 Percent Annual Interest Despite Bank Rate Cuts
Mobile money loan borrowers in Ghana continue paying monthly interest rates between five and 15 percent translating to annual costs exceeding 180 percent despite...
Ghana Banks Face Deeper Earnings Squeeze as Interest Rates Plunge
Ghanaian banks are confronting intensifying pressure on profitability as continued inflation decline and aggressive monetary policy easing compress net interest margins beyond earlier projections....
Ghana Borrowing Costs Plunge Nearly Fourteen Points
Ghana's benchmark lending indicator has completed a striking twelve-month journey from near 30% to its December close at 15.9%, marking what financial analysts describe...
Ghana Borrowers Face Strategic Dilemma on Credit Timing
Ghanaian households and businesses confront an unusual predicament as the Bank of Ghana (BoG) slashes borrowing costs: secure loans now or wait for potentially...
Banks Cannot Ignore Ghana Reference Rate Says Finance Expert
Competition will force Ghanaian banks to reduce lending rates as the Ghana Reference Rate continues falling, according to a senior finance lecturer who says...
