{"id":465439,"date":"2018-02-19T03:00:29","date_gmt":"2018-02-19T03:00:29","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/19\/banks-base-rate-drop-marginally-in-january\/"},"modified":"2018-02-19T03:00:29","modified_gmt":"2018-02-19T03:00:29","slug":"banks-base-rate-drop-marginally-in-january","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/19\/banks-base-rate-drop-marginally-in-january\/","title":{"rendered":"Banks base rate drop marginally in January"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Monday, 19 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citifmonline.com<\/p>\n<p>2018-02-19<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/91739303.295.jpg\" alt=\"Cedi Notes 33\" title=\"Cedi Notes 33\" width=\"295\" height=\"160\" \/><span class=\"image_caption\"><span>The base rate is the lowest rate at which a bank would lend to its customers<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1519009229_466_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> The interest rate at which commercial banks lend to their customers has dropped to 25.6% in January 2018.<\/p>\n<p>This represents a 0.1 percent change from the previously recorded 25.7 percent in December 2107.<\/p>\n<p>The base rate is the lowest rate at which a bank would lend to its customers.<\/p>\n<p>According to the Bank of Ghana\u2019s Annual Percentage Rates (APR) and Average Interest (AI) report, Premium Bank tops with its base rate at 34.3 percent<\/p>\n<p>This is, however, an increase from the previously recorded 34.2 percent.<\/p>\n<p>At the second position is Unibank with 33.7 percent base rate.<\/p>\n<p>The Royal Bank occupies the third position with a base rate of 32.9 percent.<\/p>\n<p>The fourth and fifth positions are occupied by Sovereign Bank and Heritage Bank.<\/p>\n<p>Their base rates are 32.2 and 29.5 percent respectively.<\/p>\n<p>At the 6th    position is OmniBank with a base rate of 29.3 percent<\/p>\n<p>The 7th, position is occupied by United Bank for Africa and Energy Bank<\/p>\n<p>The 8th and 9th and 10th positions are occupied by National Investment Bank, FBN Bank Ghana and CAL Bank with base rates at 27.8, 27.6, and 27.1 percent.<\/p>\n<p>The eleventh position is occupied by HFC Bank and BSIC Bank with a base rate of 26.3 percent.<\/p>\n<p>Prudential Bank and Bank of Africa occupy the twelfth position with a base rate of 26.1 percent.<\/p>\n<p>The thirteenth, fourteenth and fifteenth positions are occupied by Ecobank, Universal Merchant Bank and Access Bank with base rates of 26.0, 25.9 and 25.8 percent base rates.<\/p>\n<p>While First Atlantic Bank occupies the sixteenth position with a base rate of 25.2 percent.<\/p>\n<p>Occupying the 17th to 20th positions are Guaranty Trust Bank, GN Bank, GCB Bank and ADB Bank.<\/p>\n<p>Their interest is at 24.8, 23.9, 23.8 and 22.9 percent respectively.<\/p>\n<p>At the 21st position is Bank of Baroda with a base rate of  22.0 percent.<\/p>\n<p>First National Bank both occupies the 22nd position with a base rate at 21.5 percent.<\/p>\n<p>While the 23rd position is occupied by Zenith Bank and Fidelity Bank<\/p>\n<p>The 24th and 25th positions are Societe General and Stanbic Bank with base rates of 18.9 and 18.4 percent.<\/p>\n<p>Also, with, 18.2 and 18.1 are Standard Chartered Bank and Barclays Bank, with the 26th and 27th positions.<\/p>\n<p>In all, thirty-one banks were surveyed.<\/p>\n<p><!-- uploaded by: 33 updated by: 33 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Monday, 19 February 2018 Source: citifmonline.com 2018-02-19 The base rate is the lowest rate at which a bank would lend to its customers The interest rate at which commercial banks lend to their customers has dropped to 25.6% in January 2018. This represents a 0.1 percent change from the previously recorded 25.7 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":400811,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-465439","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/465439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=465439"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/465439\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=465439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=465439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=465439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}