Ghana’s reference rate drops sharply to 11.71%; major interest rate cuts expected

Ghana’s Reference Rate (GRR), the key benchmark used by commercial banks to price loans, has dropped sharply to 11.71% for March, down from 14.58% in February. The decline marks one of the most significant reductions in recent times in the benchmark used to determine the cost of credit. JOYBUSINESS understands that the drop was largely […]


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