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Ghana to record average inflation of 18% by end of 2024 – EIU

Aziboat2 years ago03 mins

[ad_1] Ghana will record an average inflation of about 18.0% by the end of 2024, The Economist Intelligence Unit (EIU) has projected. This will be a significant fall from the average of about 38% in 2023. According to the UK-based firm, Ghana’s average inflation in 2024 will place it 8th in Africa, but lower than…

Average lending rate remains within 31% bracket

Aziboat2 years ago03 mins

[ad_1] Dr. Ernest Addison, Governor of BoG Average lending rate continue to remain within the 31% bracket after falling from a high of 35.8% in January 2023 to 31.15% in June 2023. This is equivalent to an average of 2.583% per month on loans charged by the banks. According to data from the Bank of…