Tag: Borrowing Costs


  • Lending Rates Decline to 19.7% but Borrowing Costs Remain High

    Lending Rates Decline to 19.7% but Borrowing Costs Remain High

      Ghana’s credit market is showing early signs of relief, but high borrowing costs continue to weigh on businesses and households despite a notable drop in lending rates. Latest figures from the Bank of Ghana indicate that the average lending rate fell to 19.7 percent in February 2026, down sharply from 30.12 percent a year…