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Elizabeth Ayim

Banking Economy

Banks maintain average interest on loans for 3rd time

By Elizabeth Ayim on Thursday, January 18, 2018

The average interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in December 2017. This is the third consecutive time that the base rates have been kept unchanged at 25.7 percent. The base rate is the lowest rate at which a bank would lend to its customers. According to the …

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