{
  "id": 5127273,
  "title": "Average lending rate in Ghana falls from 27% to 15.6% — World Bank",
  "url": "https://urgent.news/2026/09/02/average-lending-rate-in-ghana-falls-from-27-to-15-6-world-bank",
  "topic": "world",
  "section": "World",
  "published": "2026-09-02T16:14:05.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/average-lending-rate-in-ghana-falls-from-27-to-15-6-world-bank/"
  },
  "original_language": "en",
  "account": "Ghana's average bank lending rate has plummeted from 27% in June 2025 to 15.6% in June 2026, according to the World Bank. The decline in borrowing costs is attributed to improving macroeconomic conditions and the Central Bank's easing of monetary policy.\n\nThe World Bank's latest 10th Ghana Economic Update reveals that the Ghana Reference Rate, a key benchmark for interest rates, has also fallen significantly from 23.8% to 10% over the same period. This downward trend in interest rates can be traced back to the Bank of Ghana's steady reduction of its Monetary Policy Rate.\n\nUnder Governor Dr Johnson Pandit Asiama, the Monetary Policy Rate was reduced from 28% in April 2025 to 14% by March 2026, marking a cumulative decrease of 1,400 basis points. The Bank subsequently kept the rate at 14% to maintain price stability while allowing earlier policy easing to have a meaningful impact on the economy.\n\nThe World Bank labels this as a \"sustained monetary easing cycle.\" Notably, there is now compelling evidence that these monetary policy changes are propagating through businesses and households via the financial system, leading to a broader impact on the real economy.",
  "summary": "Average bank lending rates in Ghana declined sharply from about 27.0 per cent in June 2025 to 15.6 per cent in June 2026, as improving macroeconomic conditions and monetary policy easing increasingly filtered through to borrowing costs, according to the World Bank. In its latest 10th Ghana Economic Update, the World Bank said the decline […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Daily Africa",
        "title": "Five million households to get electricity under new World Bank project",
        "url": "https://urgent.news/2026/09/02/five-million-households-to-get-electricity-under-new-world-bank",
        "published": "2026-09-02T14:15:00.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "IMF, former gold buyers uncomfortable with Ghana’s gold policy – Asiedu Nketia",
        "url": "https://urgent.news/2026/09/02/imf-former-gold-buyers-uncomfortable-with-ghanas-gold-policy-asiedu",
        "published": "2026-09-02T14:58:56.000Z"
      }
    ]
  },
  "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."
}