Ghana's benchmark lending rate now stands at around 25 per cent, one of the highest in Africa. Photo: SCMP Pictures
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.
The weakening cedi has led to tightening of monetary policy.
Property /  International

new | 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

Reuters
Reuters

Updated: 10:40am, 10 Sep, 2015

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Ghana's benchmark lending rate now stands at around 25 per cent, one of the highest in Africa. Photo: SCMP Pictures
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.
The weakening cedi has led to tightening of monetary policy.
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