In June 2024, Ghana's average lending rate dropped slightly to 31.10%, while non-performing loans ratio increased to 24% and total assets grew by 33.3%.
Ghana's average lending rate dropped slightly to 31.10% in June 2024, while the banking sector's total assets grew by 33.3% to GHS 323.1 billion. The industry's non-performing loan ratio increased to 24% in June 2024 from 18.7% the previous year. Bank of Ghana maintained its policy rate at 29% for the third consecutive time, balancing economic growth and inflation control.
July 28, 2024
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