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Hike in policy rate will affect lending rates – Banking Consultant


Hike in policy rate will affect lending rates – Banking Consultant

March 28, 2022 at 10:17 AM

The recent hike in the monetary policy rate by 250 basis points to 17 per cent by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG), will inevitably lead to an upward adjustment in average lending rates to businesses and individuals.

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