Low lending rates prompt banks to court borrowers – BoG Governor
28th January 2026
Commercial banks have begun actively reaching out to customers to offer loans, reflecting easing lending rates and renewed confidence in Ghana’s banking sector, Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed.
Speaking at the 128th Monetary Policy Committee (MPC) press conference in Accra on Wednesday, January 28, Dr. Asiama revealed that several clients had informed him that banks are now calling them directly to encourage borrowing.
According to the BoG Governor, this development is a strong indication of improved liquidity and stability within the banking industry.
“Banks are beginning to call clients to ask if they need loans,” he said. “Someone told me this morning that his bank called him to come for a loan at a 15 per cent interest rate.”
Dr. Asiama explained that the trend follows a significant improvement in Ghana’s macroeconomic conditions, which prompted the MPC, by a majority decision, to cut the policy rate by 250 basis points to 15.5 per cent from 18 per cent.
The MPC said the decision reflects growing confidence in the disinflation process and the broader macroeconomic recovery.
At the press briefing, Dr. Asiama noted that the cedi has strengthened against major international currencies and has remained largely stable in recent months. He also pointed to an easing in core inflation, which excludes energy and utility prices, as a positive signal of price stability.
On the global front, the BoG Governor observed that financing conditions have improved considerably in both advanced and emerging economies, creating a more favourable external environment for Ghana.
Domestically, he said economic growth gathered momentum over the past year, while public debt declined to 45.5 per cent of Gross Domestic Product (GDP) at the end of November 2025.
“The committee, by a majority decision, lowered the policy rate by 250 basis points to 15.5 per cent,” Dr. Asiama reiterated.