The average base rate among commercial banks remained at 26.6 percent in September 2017 as recorded in August 2017.<\/p>\n
The base rate is the lowest rate at which a bank would lend to its customers.<\/p>\n
According to the Bank of Ghana\u2019s Annual Percentage and Average Interest report, of the\u00a0thirty-one banks that were surveyed, Unibank still tops with its base rate at 36.8 percent.<\/p>\n
This is however down from 39.5 percent it recorded in August.<\/p>\n
At the 2nd position is Premium Bank with 36 percent base rate.<\/p>\n
The Royal Bank and Soveriegn Bank occupy the 3rd and 4th highest positions.<\/p>\n
Their base rates are 34.4 and 34.2 percent respectively.<\/p>\n
Omini Bank placed fifth with its base rate at 30.9 percent.<\/p>\n
At the 6th<\/sup>, 7th, 8th<\/sup>\u00a0and 9th and positions are National Investment Bank, Heritage Bank, HFC and Energy Bank with base rates at 30.5, 29.6, 29.6 and 28.9 percent.<\/p>\n The 10th position is occupied by United Bank for Africa and FBN Bank Ghana with a base rate of 27.9 percent.<\/p>\n BSIC, CAL Bank and Bank of Africa placed 11th<\/sup>, 12th<\/sup>\u00a0and 13th<\/sup>\u00a0with 27.4, 27.3 and 26.6 percent base rate.<\/p>\n Prudential Bank came in at the 14th<\/sup>\u00a0position with its percentage on base rate at 26.4 percent.<\/p>\n While Access Bankand Universal Merchant Bank\u00a0 both occupy the 15th<\/sup>\u00a0position with their percentage on base rate at 26.2<\/p>\n Occupying the 16th<\/sup>\u00a0to 20th<\/sup>\u00a0positions are Ecobank, GCB Bank, First Atlantic Bank, Guaranty Trust Bank and ADB Bank.<\/p>\n Their interest rates are at 25.9, 25.1, 20.5, 24.8 and 22.9 percent respectively.<\/p>\n At the 21st<\/sup>, 22nd<\/sup>, 23rd<\/sup>\u00a0and 24th<\/sup>\u00a0positions are GN Bank, Zenith Bank, First National Bank and Fidelity Bank with base rates of 22.4, 22.2, 21.6 and 21.4 percent.<\/p>\n Also, with, 19.1, 18.8, 18.2 and 17.4, Stanbic Bank, Societe General, Barclays Bank and Standard Chartered Bank occupies the 25th<\/sup>, 26th<\/sup>, 27th<\/sup>\u00a0and 28th<\/sup>\u00a0positions.<\/p>\n The 29th<\/sup>\u00a0position is occupied by Bank of Baroda with a base rate of 15.0 percent<\/p>\n –<\/p>\n By: Anita Arthur\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The average base rate among commercial banks remained at 26.6 percent in September 2017 as recorded in August 2017. The base rate is the lowest rate at which a bank would lend to its customers. According to the Bank of Ghana\u2019s Annual Percentage and Average Interest report, of the\u00a0thirty-one banks that were surveyed, Unibank still […]<\/p>\n","protected":false},"author":14,"featured_media":306574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[121,32,171,11],"tags":[],"class_list":["post-364189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-and-finance","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/364189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=364189"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/364189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=364189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=364189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=364189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}