
Ghana Reference Rate Drops to 10.04%, Easing Credit Costs
The benchmark rate used by banks fell 0.14 percentage points to 10.04% in October, signalling lower borrowing costs for businesses and households despite a steady 14% policy rate.
2 stories tagged “borrowing costs”.

The benchmark rate used by banks fell 0.14 percentage points to 10.04% in October, signalling lower borrowing costs for businesses and households despite a steady 14% policy rate.

Kristalina Georgieva warned that governments in the UK, US and elsewhere must take decisive action to reduce debt levels as interest rates climb, citing wars, inflation and AI investment as key drivers.

The former Executive Secretary of CLOGSAG and his Deputy Director brother were laid to rest in a joint funeral at the State House forecourt in Accra.

The central bank has paused monetary easing, keeping its policy rate unchanged through the summer as it guards against emerging domestic and external risks that could pressure prices.

The Accra Metropolitan Assembly will shut traffic on select streets between Cocoa Board and Kantamanto to create space for street traders during the festive season.

The former President’s legal counsel has formally filed an Expression of Interest for the New Patriotic Party’s parliamentary primary in the constituency that flipped to the NDC in 2024.

Foreign Affairs Minister Samuel Ablakwa unveiled a proposal to link the African Continental Free Trade Area with Caribbean economies, aiming to create new markets and jobs.

Ghana’s new electronic traffic enforcement system has just gone live after a pilot phase, with MP Peter Toobu warning drivers that the change is gradual and not frightening.
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