Lending rates

Ghana maintained its highest interest rates, lending rates position among some top African countries, tracked by Pan African bank, Absa Group and Databank Research. According to the data, the country’s 30.1% and 31.3% interest rates on the 91-day and 182-day Treasury bills respectively are also among the highest globally. Again, average lending rates hovering around 35%, ranks Ghana among the highest on the continent T-Bill rates are likely to go up in the coming weeks to compensate investors for the rising inflation.  The rates in the country are presently lower than the inflation rate of 33.9%. This will again push…