NEWS

March 2024 APRs for Banks’ Loans to Households, SMEs and Corporates

March 2024 APRs for Banks’ Loans to Households, SMEs and Corporates

The APR reflects the true cost of a loan that economic agents are confronted with when they go through an approval process to secure a loan facility. It comprises the Ghana Reference Rate, bank specific risk-premia and other bank-specific charges.The APRs reported in this table are indicative. A typical customer of a bank may be faced with an actual APR different from these indicative APRs, depending on the bank’s assessment of the borrower’s specific circumstance.