Interest Rates of Banks in Ghana

In this economic crunch in Ghana, starting up business is very difficult. In most case you will go in for financial support from financial institutions in Ghana. Since the free fall of our new Ghana cedis the base rates of banks keeping on changing. I has been able to secure base rates of various banks in Ghana.You wont believe it these banks are in Ghana but some have high rate why? Below is the base rate of banks in Ghana. 

Bank Base Rates for 18th July 2014
Bank		Rate
Agricultural Development Bank	-	25.77%
Bank of Africa	-	24.34%
Bank of Baroda	-	17.65%
Barclays Bank	-	20.52%
Cal Bank	-	27.00%
ECOBANK	-	24.00%
Energy Bank	-	23.41%
Fidelity Bank	-	28.25%
Ghana Commercial Bank	-	21.69%
Guaranty Trust Bank	-	22.86%
HFC Bank	-	27.36%
International Commercial Bank	-	22.59%
NIB	-	21.00%
Prudential Bank	-	24.00%
Sahel-Sahara Bank	-	29.74%
Societe Generale Ghana Limited	-	21.00%
Stanbic Bank	-	20.92%
Standard Chartered Bank	-	20.40%
The Royal Bank	-	27.50%
UNIBANK	-	31.89%
United Bank for Africa (Ghana) Ltd	-	20.47%
UT Bank	-	27.55%
Zenith Bank	-	23.95%

                             

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