Commercial banks operating in Ghana are expected to reduce interest rates on loans by 2% effective April 1, 2020.
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It is one of the relief measures announced by the government of Ghana to help expand the economy in response to challenges posed by the Coronavirus.
President Nana Akufo- Addo in a nationwide broadcast said businesses in the airlines and hospitality industries will be allowed to delay loan repayments for six months.
The government has announced 2-week restrictions on movements in some urban areas in Ghana, beginning from today as a measure to curb the spread of corona virus.
