{
  "id": 5127858,
  "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-5127858",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T16:14:05.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/average-lending-rate-in-ghana-falls-from-27-to-15-6-world-bank/"
  },
  "original_language": "en",
  "account": "The average lending rate in Ghana has decreased significantly, falling from 27% in June 2025 to 15.6% in June 2026, according to the World Bank's 10th Ghana Economic Update. This reduction in borrowing costs can be attributed to improving macroeconomic conditions and the easing of monetary policy, as reported by the World Bank. The Ghana Reference Rate, which is a key indicator, has also seen a substantial decline from approximately 23.8% to around 10.0% during the same period.\n\nThe decline in lending rates has been facilitated by a series of monetary policy adjustments by the Bank of Ghana, led by 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 of Ghana maintained the rate at 14% in March 2026 to ensure price stability while allowing the earlier policy easing to have a lasting impact on the economy. This period of monetary easing is described by the World Bank as a \"sustained monetary easing cycle.\"\n\nThe World Bank highlights that these monetary policy changes are now being transmitted to businesses and households through the financial system, indicating that the effects of the policy adjustments are reaching the wider 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": 2,
    "also_reported_by": [
      {
        "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."
}