The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has reiterated his commitment to ensuring that lending rates in Ghana fall to 10 percent or below during his tenure, signalling a drive toward more affordable credit for businesses and households.
Recent figures from the Bank of Ghana’s Monetary Policy Report show a gradual easing in borrowing costs, with average lending rates declining from 26.6 percent to 24.2 percent. Money market indicators have also softened, as the 91-day Treasury bill rate dropped from 13.4 percent in July to 10.3 percent in August 2025.
Speaking during a courtesy visit by the Asantehene, Otumfuo Osei Tutu II, to the central bank on Wednesday, January 7, 2026, Dr. Asiama said policy efforts are focused on maintaining disinflation gains while supporting the recovery of credit growth and broader economic activity.
He remarked, “Market rates have followed this trend, easing financial conditions while maintaining prudence. I have said on many occasions that my prayer and wish is that by the end of my four-year tenure, lending rates will not be more than 10 percent.”
Dr. Asiama also highlighted improvements in Ghana’s external buffers, noting that gross international reserves have exceeded 13.8 billion dollars, describing the figure as unprecedented in the country’s history.
He added that the central bank will continue to collaborate closely with the Ministry of Finance and other institutions to safeguard monetary stability while expanding access to reasonably priced credit.
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