If you’ve ever taken a loan from a bank or any financial institution, then you know that paying back is not always easy.
Thankfully, from a high of 30.8 percent in 2017, interest rates are gradually coming down. Latest figures from the Bank of Ghana show the rate as of June 2018 was 27.5 percent.
Below is an infographic detailing the trend of interest rates since 2017.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Cecilia Dapaah’s husband testifies in alleged $1m theft case
26 mins -
Ghana Shippers’ Authority takes steps to reduce the cost of cargo clearance
39 mins -
Stevie Wonder presented with Bridge Builder Award by Diaspora African Forum
43 mins -
Kusaal language goes live on Wikipedia
1 hour -
South Koreans compete to see who’s best at doing absolutely nothing
1 hour -
Scientists may have solved mystery behind Egypt’s pyramids
2 hours -
Court remands man over alleged theft of fuel dispensers
2 hours -
‘That was a lie!’ – Trump lawyer clashes with Michael Cohen in hush-money trial
3 hours -
MTN calls for rethink of tax structure
3 hours -
Chad’s Mahamat Deby confirmed as winner of disputed election
3 hours -
Ghana has been robbed of what I could have contributed – Kofi Amoabeng
3 hours -
At least 56 people dead in Sudan’s North Darfur state, Doctors Without Borders says
3 hours -
Persons who intend to perform Hajj with illegal visas will be arrested, fined and deported – Saudi Arabia warns
4 hours -
Sony Music slams tech giants for unauthorised use of stars’ songs
4 hours -
Telecel Ghana pays courtesy call on Togbe Afede XIV
4 hours