{
  "id": 5029503,
  "title": "Ghana Reference Rate drops to 10.18% in September, could ease borrowing costs",
  "url": "https://urgent.news/2026/09/02/ghana-reference-rate-drops-to-10-18-in-september-could-ease-borrowing",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T06:04:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/ghana-reference-rate-drops-to-10-18-in-september-could-ease-borrowing-costs/"
  },
  "original_language": "en",
  "account": "In September 2026, Ghana's Reference Rate (GRR) dipped slightly to 10.18% from 10.61% in August, indicating a potential easing of borrowing costs, according to the latest calculations by JOYBUSINESS. The reduction, driven by lower Treasury bill and interbank rates, could benefit borrowers with variable-rate loans but would not affect those with fixed-rate loans. The Bank of Ghana's Monetary Policy Rate remained constant during this period. Introduced in 2017, the GRR is a benchmark used by commercial banks to price loans across the industry, calculated using Treasury bill rates, interbank rates, and the Monetary Policy Rate.",
  "summary": "The Ghana Reference Rate (GRR), the benchmark used by commercial banks to price loans, has dropped marginally from 10.61% in August to 10.18% in September 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Ghana Reference Rate drops to 10.18% in September, could ease borrowing costs",
        "url": "https://urgent.news/2026/09/02/ghana-reference-rate-drops-to-10-18-in-september-could-ease-borrowing-5033352",
        "published": "2026-09-02T06:04:00.000Z"
      }
    ]
  },
  "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."
}