GRR has increased marginally for November 2025 – Ghana Association of Banks

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Reference Rate (GRR), a key benchmark for determining interest rates by commercial banks, has gone up slightly for November 2025.

Data from the Ghana Association of Banks shows the rate increased from 17.86% in October to 17.93% in November 2025.

Sources close to the Association told JoyBusiness that the rise was influenced by marginal increases in key indicators such as Treasury bill rates — up from 10.50% to 10.67% — and interbank rates, which edged up from 20.93% to 21%.

In October, the GRR dropped by 2% from 19.86% in September, continuing a downward trend observed throughout the year.

Source: newsthemegh.com