27
Sep
Average lending rates has fallen consistently but marginally since the beginning of the year, data from the Bank of Ghana has revealed. The average lending rate began in January 2024 at 32.94% and took a nosedive in February and March 2024 respectively. It stood at 32.77% in February 2024 and further dropped to 32.35% in March 2024. It again eased in April 2024 to 31.25%. Subsequently, it went down slightly to 31.10% in June 2024 and then 30.71% in July 2024. It however went up marginally to 30.79% in August 2024. The Ghana Reference Rate however stood at 29.31% in…