{
  "id": 10696114,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T12:31:44.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/borrowing-costs-cut-by-more-than-half-finance-minister/"
  },
  "original_language": "en",
  "account": "Finance Minister Dr Cassiel Ato Forson announced that the Ghanaian government has successfully reduced the cost of borrowing by over half since President John Dramani Mahama assumed office. The cost of capital, which once averaged around 30%, has now fallen to a range of 9% to 13%. This significant reduction in borrowing costs was discussed during a meeting with the Food and Beverages Association of Ghana.\n\nDr. Forson emphasized the government's intention to further lower borrowing costs to single digits, ensuring businesses have affordable financing options to expand and generate employment opportunities. However, he expressed concern over the limited credit availability provided to the private sector by banks. Dr. Forson urged the government to facilitate more accessible and cost-effective credit for market traders and business owners across the country, as affordable financing would boost business growth, stimulate 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": "Joy Business",
        "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",
        "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."
}