Month: August 2021

The Gap between the Lending Rate of the Commercial Banks and the Monetary Policy of Bank of Ghana (BoG)

In his review of the economy in parliament in 2003, Mr. Yaw Osafo Maafo described the gap between BoG and the lending rate of the commercial banks to be unacceptably high. He called on the banks to respond positively to the decline in the inflation rate. In 2021, the senior advisor to the President of …

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