Policy easing yet to lower business borrowing costs — IEA
News

Policy easing yet to lower business borrowing costs — IEA

The Institute of Economic Affairs (IEA) has raised concerns over the slow decline in commercial bank lending rates despite a sharp reduction in the Bank of Ghana’s Monetary Policy Rate (MPR), warning that expensive credit continues to constrain private-sector investment and production.

Buertey Francis BORYOR·

Latest

UMB approved by BoG, SEC to offer virtual accounts

UMB approved by BoG, SEC to offer virtual accounts

Universal Merchant Bank (UMB) has become the first bank in Ghana to receive approval from both the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) to offer virtual accounts to eligible businesses operating within the emerging virtual asset ecosystem.

More headlines

News Updates

Get the latest news news delivered to your inbox.