Time to Reform the Ghana Reference Rate: From treasury bill yields to banks’ deposit costs

Source: MyJoyOnline · 2026-10-26T09:05:00.000Z · Finance

For businesses borrowing to buy equipment, restock a shop or meet payroll, the price of credit affects everyday decisions. The Ghana Reference Rate (GRR) provides a common starting point for that price. Its usefulness depends on whether the formula reflects financing conditions and whether borrowers can understand how it becomes the interest rate they pay.

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