Ghana: Banks Base Rate Falls Marginally

Average commercial banks' lending rates have lowered marginally compared to a month ago.

Data shows that the industry average base rate as at October 31 was 25.7 per cent, a marginal decrease of 0.3 per cent, compared to 26 per cent at the end of September. At the start of the year (end-January), the industry average base rate was 27.6 per cent, giving a year-to-date drop of 1.9 per cent.

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