In fact nothing seems working in Ghana, all laws are being flouted by the people who called themselves big men and women. For instance, Bank of Ghana cannot regulate these banks that have high interest rate on loan but rather chasing those micro-finance (DKM) that is making life easy for their customers in terms of interest rate on deposits. As at time of publishing this article ADB has the highest interest rate on loan. I want Bank of Ghana to act now. Below is base rate of banks in Ghana
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Bank Base Rates for 18th May 2015 | ||||||
Bank | Rate | |||||
Agricultural Development Bank | - | 27.90% | ||||
Bank of Africa | - | 27.76% | ||||
Bank of Baroda | - | 16.46% | ||||
Barclays Bank | - | 21.81% | ||||
Cal Bank | - | 28.50% | ||||
ECOBANK | - | 25.95% | ||||
Energy Bank | - | 22.20% | ||||
FBN Bank (Ghana) Ltd | - | 22.77% | ||||
Fidelity Bank | - | 23.70% | ||||
Ghana Commercial Bank | - | 22.10% | ||||
Guaranty Trust Bank | - | 26.17% | ||||
HFC Bank | - | 29.00% | ||||
NIB | - | 27.33% | ||||
Prudential Bank | - | 27.58% | ||||
Sahel-Sahara Bank | - | 32.25% | ||||
Societe Generale Ghana Limited | - | 30.00% | ||||
Stanbic Bank | - | 25.00% | ||||
Standard Chartered Bank | - | 20.92% | ||||
The Royal Bank | - | 32.90% | ||||
UNIBANK | - | 33.00% | ||||
United Bank for Africa (Ghana) Ltd | - | 28.46% | ||||
UT Bank | - | 29.40% | ||||
Zenith Bank | - | 24.44% | ||||
Bank | Rate |
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