ECOBANK is presenting the most favourable bank for businesses to secure loans, according to the latest Annual Percentage Rates APRs released by the Bank of Ghana. The rates work out the actual percentage of interest a bank charges on a loan, including some of the hidden charges that would not be so obvious to a borrower. According to the rates applicable as at January 31 this year for 25 banks, ECOBANK was found to be the best bank for businesses in manufacturing, agric and construction to borrow from with an APR of 20.29 percent. However, Access bank had the most attractive rate for businesses engaged in commerce with an APR of 20.46 percent. Individuals looking for loans to buy a vehicle or a house might have to turn to Standard Chartered bank because they will pay an interest of 24.18 and 25.18 percent. HFC bank however offers the lowest rate of 24.6 when it comes to other consumer credits. The APRs also offer information on how much interest customers can accrue on their deposits. The Bank of Africa's 15.49 per cent made it the best bank for both individuals and businesses to keep their monies. According to the Bank of Ghana, the regular publication of the APRs is a tool to inform borrowers about prevailing rates and pressure the commercial banks to reduce their interest charges.