Ghana’s Reference Rate (GRR) for May 2026 has edged down marginally to 10.03%, from 10.06% in April.
The figure is based on JOYBUSINESS. calculations using the formula adopted by industry players in determining the Ghana Reference Rate each month.
The GRR is the key benchmark used by commercial banks in pricing loans in Ghana.
The latest movement could lead to a marginal reduction in lending rates on loans negotiated between May 5, 2026 and June 1, 2026.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
