The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has reaffirmed his commitment to bringing lending rates in Ghana down to 10 percent or below during his tenure, aiming to make credit more affordable for businesses and households.

Recent data from the Bank of Ghana’s Monetary Policy Report show a steady easing of borrowing costs, with average lending rates declining from 26.6 percent to 24.2 percent. Money market indicators have also softened, as the 91-day Treasury bill rate fell from 13.4 percent in July to 10.3 percent in August 2025.

Speaking during a courtesy visit by the Asantehene, Otumfuo Osei Tutu II, to the central bank on Wednesday, January 7, 2026, Dr. Asiama said policy measures are designed to maintain the gains achieved in disinflation while supporting credit growth and broader economic activity.

“Market rates have followed this trend, easing financial conditions while maintaining prudence. I have said on many occasions that my prayer and wish is that by the end of my four-year tenure, lending rates will not be more than 10 percent,” he stated.

Dr. Asiama also highlighted improvements in Ghana’s external reserves, noting that gross international reserves have surpassed $13.8 billion, an unprecedented level in the country’s history.

He added that the central bank will continue to work closely with the Ministry of Finance and other institutions to safeguard monetary stability while expanding access to reasonably priced credit for households and businesses.