Ghana's benchmark lending rate now stands at around 25 per cent, one of the highest in Africa. Photo: SCMP Pictures

The weakening cedi has led to tightening of monetary policy.

Strong dollar hits emerging market loans

Huge currency falls are driving up costs of dollar-denominated payments, leading to rise in middle-class mortgage defaults, repossessions

Published: 1:15am, 9 Sep, 2015

Updated: 2:54pm, 20 Jul, 2018

Ghana's benchmark lending rate now stands at around 25 per cent, one of the highest in Africa. Photo: SCMP Pictures

The weakening cedi has led to tightening of monetary policy.

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