During his presentation of the 2016 budget statement on Friday, the Finance Minister said the Bank of Ghana Policy Rate was increased from 21.0 percent in December 2014 to 25.0 per cent in September 2015 .
“Rates on the 91-day and 182-day Treasury bills however declined from 25.8 per cent and 26.4 per cent respectively in December 2014 to 25.2 per cent and 25.9 per cent in September 2015,” he said.
He also stated that the inter-bank weighted average rate however fell from 23.9 per cent in December 2014 to peg at 23.6 per cent in September 2015, while the average base rate surged from 25.7 percent to 26.8 per cent over the same period.
According to Mr Terkper, the three-month time deposit rates also slumped from 13.9 per cent to 13.0 per cent, while the average lending rate remained stable at 29.0 percent.
GNA
