The Annualised Percentage Rates (APRs) for banks' loans to households, SMEs, and corporates show that Absa Bank offered the lowest interest rates for small and medium enterprises as of the end of June 2025.

According to the Bank of Ghana, the APR reflects the true cost of a loan that borrowers face when going through the approval process to secure a facility.

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The APR is made up of the Ghana Reference Rate, bank-specific risk premia, and other bank-specific charges. Figures are reported for one-year, three-year, and five-year loan terms.

However, the Bank of Ghana noted: "A typical customer of a bank may be faced with an actual APR different from these indicative APRs, depending on the bank's assessment of the borrower's specific circumstances."

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The indicative rates range from 13.28% for one-year loans and 41% for five-year loans:

1. Absa Bank Ghana Limited - 13.28

2. Universal Merchant Bank Limited - 19.60

3. CalBank PLC - 26.53

4. Zenith Bank (Ghana) Limited - 23.99

5. First Atlantic Bank Limited - 26.53

6. OmniBSIC Bank Ghana Limited - 34.05

7. Access Bank Ghana Plc - 31.01

8. Societe General Ghana PLC - 27.58

9. GCB Bank Limited - 30.90

10. Republic Bank (Ghana) PLC - 27.09

11. Prudential Bank Limited - 29.05

12. Bank of Africa Ghana Limited - 24.64

13. Ecobank Ghana Limited - 33.02

14. FBNBank (Ghana) Limited - 31.30

15. Stanbic Bank Ghana Limited - 31.48

16. United Bank for Africa (Ghana) Limited - 33.65

17. First National Bank (Ghana) Limited - 32.38

18. Agricultural Development Bank Limited - 33.99

19. Fidelity Bank Ghana Limited - 35.22

20. Consolidated Bank Ghana Limited - 35.46

See all 23 banks, their lending rates and average APRs below