Ghana Reference Rate Rises to 10.61% in August, Increasing Borrowing Costs

Ghana's Reference Rate (GRR), the benchmark for commercial bank loan pricing, is set to increase marginally to 10.61% in August 2026 from 10.59% in July, indicating renewed pressure on borrowing costs.

4 Aug, 05:13 — 4 Aug, 05:13

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myjoyonlineMixed22d ago

Ghana Reference Rate climbs to 10.61% in August, signalling fresh pressure on borrowing costs

The Ghana Reference Rate (GRR), the benchmark used by commercial banks to price loans, is set to rise marginally to 10.61% in August 2026, up from 10.59% in July.

By Abubakar Ibrahim

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Ghana Reference Rate Rises to 10.61% in August, Increasing Borrowing Costs

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Ghana Reference Rate climbs to 10.61% in August, signalling fresh pressure on borrowing costs

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