Monetary

Microfinance Sector Reforms 2026: The 3 Top Questions Policymakers Must Address

For several years, the private sector has had cause to complain incessantly about sky-high lending rates in the banking sector, blaming the latter for the perennially low investment in non-current assets, which is critical for developing market competitiveness. In the microfinance sector, lending rates are even worse, so much so that it pales in comparison […]

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Tackle Monetary Policy Discontinuity to Address the High Interest Rate Problem – Yieldera tells BOG

In 2013, the Bank of Ghana, under Governor Wampah, in an attempt to address the intractable high-interest-rate problem, announced a formula to be used by Banks as a guide for loan asset pricing. On Tuesday, July 2, 2013, all commercial banks started implementing this new formula for calculating the minimum lending rate for borrowers.  This

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