Interest Rate.

The Bank of Ghana Monday increases its benchmark rate further by 150 bps to 29.5 percent, beating the expectation to retain it at 28 percent. The hike announced by the Monetary Policy Committee of the Bank of Ghana is the second…

Commercial lenders have adjusted interest charged on existing contracts by 200 basis points or 2 percent to about 30 percent or higher depending on the bank. Inside Business authoritatively gathered from sources close to…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, raised interest rate by 100 basis points to 16.5 percent. The CBN Governor, Godwin Emefiele cited persistent inflation and threats of global…

Last week, Meta Platforms joined the tech industry’s growing list of layoffs after letting go 13% of its workforce. However, the company`s shocking 11,000 job cut is just a drop in a sea of job losses the tech industry has seen this year.…

Zambia’s Central Bank has cut its benchmark lending rate by 50 basis points to 9.75 per cent on Wednesday, citing lower consumer inflation and weaker economic growth.  Bank of Zambia governor, Denny Kalyalya, told a media briefing…