Ghana lending rates fall from 30.25% to 15.78% in under two years
By the AFREEQUE newsroom, based on MyJoyOnline
Bank of Ghana Governor Johnson Pandit Asiama says the average lending rate fell from 30.25% in December 2024 to 15.78% in September 2026, while private-sector credit grew by 26.42%. The figures were presented on 29 October at the launch of “Ghana in Numbers 2025”, MyJoyOnline reports.
The average rate on bank loans in Ghana fell from 30.25% in December 2024 to 15.78% in September 2026, Bank of Ghana Governor Johnson Pandit Asiama announced on Thursday 29 October at the launch of the statistical publication “Ghana in Numbers 2025”, according to MyJoyOnline. Over the same period, real growth in credit to the private sector rose from 0.20% to 26.42%.
Johnson Pandit Asiama also said that inflation had remained in single digits for 13 consecutive months and that the exchange rate had been relatively stable despite external pressures. He said these conditions, along with stronger bank resilience, were improving businesses’ access to finance.
The governor stressed that young Ghanaians needed appropriate training, better access to opportunities and investment in skills and entrepreneurship to realise their economic potential.
This development follows the adaptation of Ghanaian banks’ loans to interest rates on 30 September. On 21 October, the banking sector had also recorded 1.86 billion cedis in losses on non-performing loans, according to figures published by us.
