The most recent annualised percentage rate data from the Bank of Ghana reveals that household borrowing costs

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

The Bank of Ghana’s latest annualised percentage rate data shows that borrowing costs for households, small businesses and corporates remain uneven across the banking industry, with advertised APRs ranging from as low as 5.03% to as high as 39.27% in May 2026.

The report, compiled from information submitted to the central bank by banks, covers one-year, three-year and five-year loan facilities for households, SMEs and corporates.

The APR, according to the Bank of Ghana, reflects the true cost of a loan and includes the Ghana Reference Rate, bank-specific risk premiums and other bank-specific charges.

Source: newsthemegh.com