Tag: Monetary Policy
-
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…
-
Bank of Ghana Cuts Policy Rate to 14% to Support Economic Growth
The Bank of Ghana has stepped up its transition from economic stabilisation to growth support, cutting its benchmark policy rate to 14% in a bold move aimed at unlocking credit and accelerating private sector activity. The 150 basis points reduction—announced after the Monetary Policy Committee’s 129th meeting from March 16 to 18—marks the second consecutive…