{"id":107954,"date":"2025-12-21T19:01:08","date_gmt":"2025-12-21T19:01:08","guid":{"rendered":"https:\/\/sotnews.agency\/?p=107954"},"modified":"2025-12-21T19:01:08","modified_gmt":"2025-12-21T19:01:08","slug":"bog-governor-targets-single-digit-interest-rates-to-boost-businesses","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=107954","title":{"rendered":"BoG Governor targets single-digit interest rates to boost businesses"},"content":{"rendered":"
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The Governor of the Bank of Ghana, Dr. Johnson Asiama, has pledged to push interest rates below ten percent as part of efforts to support businesses and accelerate economic growth.<\/p>\n

Speaking at the Bank of Ghana\u2019s Nine Lessons and Carols Service, Dr. Asiama said the move is aimed at reducing the cost of borrowing and creating a more enabling environment for the private sector.<\/p>\n

\u201cMy determination is to see interest rates come down to single digits in the days ahead,\u201d he said, stressing that high lending rates continue to constrain business growth.<\/p>\n

He noted that small and medium-sized enterprises, which form the backbone of the economy, are among the hardest hit by high interest rates, limiting their ability to expand operations and create jobs.<\/p>\n

\u201cWhen borrowing costs are lowered, businesses can invest, grow, and employ more people,\u201d Dr. Asiama explained.<\/p>\n

The Governor assured that while the central bank pursues lower interest rates, it remains committed to safeguarding macroeconomic stability.<\/p>\n

\u201cOur focus is to promote stability while ensuring that businesses have access to affordable credit to drive productivity and job creation,\u201d he added.<\/p>\n

Dr. Asiama expressed confidence that improving economic conditions and ongoing policy measures would make it possible to achieve the single-digit interest rate target, boosting investor confidence and strengthening Ghana\u2019s economic outlook.<\/p>\n<\/div>\n

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\"BoG\u201cMy determination is to see interest rates come down to single digits in the days ahead,\u201d he said, stressing that high lending rates continue to constrain business growth.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,2367,12,3251,2024,3953,10,9],"tags":[],"class_list":["post-107954","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-bog","category-business","category-dr-asiama","category-hp-business-3","category-interest-rates","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107954"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107954\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}