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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Ghana Reference Rate (GRR) for June 2026 has dropped marginally to 10.02%, down from 10.03% in May.
The figure is based on JOYBUSINESS calculations using the formula adopted by industry players in determining the Ghana Reference Rate each month.
The GRR is the key benchmark used by commercial banks in pricing loans in Ghana.
The decline could lead to a marginal reduction in lending rates for loans negotiated between June 3, 2026 and July 3, 2026.
The marginal decline in the reference can be linked to the slight decrease in the 91-day Treasury bill rate from 4.92% to 4.91%.
The rate is also coming down despite the fact that the Bank of Ghana is maintaining its policy rate at 14 percent and also the marginal uptick in the inter-bank rate from 10.07% to 10.25%
Source: newsthemegh.com