The Bank of Ghana’s June 2025 Annualised Percentage Rates (APRs) report shows that interest rates on loans in Ghana have dropped sharply from the 50% threshold recorded earlier in 2025 to between 20% and 40%.

According to the report, this decline provides significant relief to households, Small and Medium Enterprises (SMEs), and corporate.

It noted that borrowers who previously faced rates exceeding 50% for one-, three-, and five-year tenors are now paying between 20% and 42%. This signals a broader easing in credit conditions.

Monetary easing to persist in Ghana until mid-2026 - Fitch Solutions

Bank of Africa offered the most competitive household loan rate at 20.22%, followed by Guaranty Trust Bank Ghana (23.72%), First Atlantic Bank (24.21%), Republic Bank Ghana (24.99%), and GCB Bank (26.70%). The highest rate under this tenor came from Prudential Bank Ghana at 42.24%.

For corporate loans, Republic Bank Ghana again led with the lowest rate at 21.43%, ahead of Guaranty Trust Bank (21.94%) and Standard Chartered Bank (22.75%).

CalBank recorded the highest rate at 39.63%.

SP/MA

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