Business News of Thursday, 5 March 2026Source: www.ghanaweb.comThe Ashanti Business Owners Association has commended the Bank of Ghana and the Ghana Association of Banks for their collaborative efforts in reducing the Ghana Reference Rate (GRR) from 14.58% to 11.71%. According to the group, this adjustment will lower borrowing costs for businesses and households. It will also reduce debt-servicing burdens for existing borrowers and augment working capital flows to support business operations and growth. The group urged commercial banks to ensure that the reduction in the Ghana Reference Rate is effectively passed on to final borrowers in a transparent and timely manner, so that the intended benefits are fully realized across the productive sectors of the economy. SAAuto dealers respond to 15% price cut announcement

Source: GhanaWeb March 05, 2026 12:32 UTC