Tag: Interest Rate
IFIC 2025: Call for Banks to Design Inclusive Products for Excluded Groups
Banks and financial institutions have been urged to design inclusive products for…
Call for Tiered Interest Rates on MoMo Loans to Reward Good Borrowers
Experts urge tiered MoMo loan rates to reward prompt repayment, reduce defaults,…
Compound Interest: A Quiet Force Behind Wealth Creation
Compound interest is quiet but powerful, money growing on money. With time…
T-Bill Rate Rises for the First Time in Over 4 Months, But Gov’t Still Misses Target for the 7th Week
Despite a marginal rise in T-bill interest rates for the first time…
Interest Rate Cuts Seen as Key to Reducing Production Costs
Ghana’s businesses urge interest rate cuts to lower high production costs, boost…
Indicators Show Borrowing Costs in Ghana Are Declining — But Is That the Case?
Ghana's key lending benchmarks are falling, signaling lower borrowing costs, but commercial…
More Reason for Prices to Drop as Lending Rate Consecutively Falls to 27.40%, Making Loans “Cheaper”
Lending rates in Ghana have dropped from 30.07% in January to 27.40%…
Fitch Projects Dip in Ghana’s Current Account Surplus Amid U.S. Aid Cuts
Fitch projects a 3% drop in Ghana’s current account surplus in 2025…
5% Stagnated Savings Rate Raises Questions About Incentives for Ghanaians to Save More
Ghana’s savings deposit rate has remained stagnant at 5% for over a…
Ghana’s High Lending Rates Cooling, But Not Fast Enough for Struggling Businesses
Ghana’s average lending rate has declined slowly from 32.37% to 30.12% over…
Federal Reserve Cuts Interest Rates Again, Third Time This Year
The Federal Reserve cut interest rates to 4.25%-4.5% to spur growth, balancing…
South Africa Cautious on Rates to Avoid ‘Regret,’ Says Reserve Bank Governor
South Africa's central bank cautiously adjusts interest rates amid global uncertainty, focusing…