{
  "id": 10690877,
  "title": "Borrowing costs cut by more than half – Finance Minister",
  "url": "https://urgent.news/2026/09/29/borrowing-costs-cut-by-more-than-half-finance-minister-10690877",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T12:31:44.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/borrowing-costs-cut-by-more-than-half-finance-minister/"
  },
  "original_language": "en",
  "account": "Finance Minister Dr Cassiel Ato Forson revealed that the government has successfully reduced the cost of borrowing by more than half since President John Dramani Mahama assumed office. According to Dr Forson, the cost of capital, previously averaging around 30%, has now fallen to between 9% and 13%. This significant decrease was disclosed during a meeting with the Food and Beverages Association of Ghana.\n\nDr Forson emphasized that the government's primary objective is to bring borrowing costs down to single digits, enabling businesses to access more affordable financing, expand operations, and generate employment opportunities. However, he expressed concern over the limited availability of credit to the private sector, stating that Ghanaian banks are not lending enough to businesses.\n\nThe Finance Minister reiterated the government's commitment to providing cheaper and more accessible credit for market traders and business owners throughout the country. He believes that affordable financing will stimulate business growth, boost economic activity, and create more jobs for the nation's youth.",
  "summary": "“Since President Mahama took office, we have deliberately brought down the cost of capital. Today, businesses can borrow at between 9% and 13%,” Dr Forson said.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Adom Online",
        "title": "Borrowing costs cut by more than half – Finance Minister",
        "url": "https://urgent.news/2026/09/29/borrowing-costs-cut-by-more-than-half-finance-minister",
        "published": "2026-09-29T11:25:37.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Borrowing costs cut by more than half – Finance Minister",
        "url": "https://urgent.news/2026/09/29/borrowing-costs-cut-by-more-than-half-finance-minister-10696114",
        "published": "2026-09-29T12:31:44.000Z"
      },
      {
        "outlet": "3News",
        "title": "Borrowing costs cut by more than half since taking office - Finance Minister",
        "url": "https://urgent.news/2026/09/29/borrowing-costs-cut-by-more-than-half-since-taking-office-finance",
        "published": "2026-09-29T13:53:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}