Business News of Tuesday, 26 November 2019Source: laudbusiness.comBusiness confidence rebound due to low lending rate – BoGGovernor of the Bank of Ghana, Dr Ernest AddisonResults from the Bank of Ghana’s latest confidence surveys, conducted in October 2019, pointed to improved business sentiments, Governor of the Bank of Ghana, Dr Ernest Addison has said. He further stated that business confidence has rebounded, due mainly to favourable company and industry prospects, positive growth outlook and declining lending rates. Commercial banks’ credit to the private sector has also continued to improve. Annual growth in private sector credit was 14.0 per cent in October 2019, compared with 11.4 per cent for the same period of 2018. In real terms, private sector credit expanded by 5.9 per cent compared with 1.7 per cent over the same comparative period.

Source: GhanaWeb November 26, 2019 01:30 UTC