For journalists
Use anything on this page
Every figure we hold is free to quote. No permission, no embargo, no credit required, and no need to tell us. If it is useful, take it.
On a deadline? Write to data@cedafin.com and we will send whatever we hold — a spreadsheet, the underlying regulator PDFs, or a figure checked against source — the same day where we possibly can. There is no charge and nothing wanted in return.
Current figures
Read live from our database, so this page is never out of date. Each carries the date it was last true.
One-year SME loan, all-in APR
11.03% – 33.58%
Standard Chartered Bank (Ghana) to Guaranty Trust Bank (Ghana), across 22 banks. Bank of Ghana APR returns, May 2026.
91-day Treasury bill
4.60%
Bank of Ghana auction, 2026-10-12
182-day Treasury bill
6.28%
Bank of Ghana auction, 2026-10-12
364-day Treasury bill
9.75%
Bank of Ghana auction, 2026-10-12
Inflation, year on year
5.0%
Ghana Statistical Service. We hold the monthly series from January 2013 (Bank of Ghana bulletins) and the annual index from 1964.
Findings you will not get elsewhere
Each of these came out of assembling regulator filings and provider disclosures that nobody had put together. Every one is checkable against its source.
A Ghanaian SME can pay three times as much for the same loan
11.03% at the cheapest of 22 banks against 33.58% at the dearest, for a one-year facility, in Bank of Ghana's May 2026 return. About GH₵22,550 a year of difference on GH₵100,000. From Bank of Ghana's own APR returns.
Bank fees are falling, three times faster for large borrowers
Across four Bank of Ghana reports spanning twenty months, the gap between the advertised rate and the all-in APR narrowed 49% for corporate borrowers and 16% for SMEs. The disparity between the largest and smallest borrowers widened while the picture improved for both.
The exchange's rules set stockbroker commission at 0.80% to 1.80%, plus 0.70% in levies; IC Securities, the largest broker, shows its schedule to account holders
What is published is the exchange's range, in Rule 66 of the GSE Trading Rules: a commission of 0.80% to 1.80%, negotiated with each client, plus 0.70% in levies, paid by buyer and seller alike. IC Securities shows account holders its schedule: 1.80% on trades up to GH¢500, 1.55% to GH¢5,000, 1.30% to GH¢10,000 and 1.05% above (seen 27 September 2026). On the other brokers' websites and documents we could read, checked August and September 2026, no rate is published; nine sites could not be read.
The alternative to a bank costs more, not less
Of 26 licensed savings and loans companies checked in September 2026, three publish a lending rate. Two are unambiguous: Adehyeman charges 42% on a public sector loan, plus 2% processing and 1% monitoring, and Sinapi Aba's tariff guide gives 40% on salary loans to public servants with no processing fee listed. First Atlantic Bank charges 36.5% on the same kind of loan, with heavier fees.
Qualifying for the cheap money was decided months ago
Banks that publish criteria require six months of banking history with them before a business loan is available at all. Shopping around at the point of need does not work, because the qualifying history cannot be manufactured.
Bank of Ghana publishes the APR report monthly and keeps no archive
Only the current notice is on their site. We checked eight earlier months and found none. Any analysis across time is possible only for somebody who was collecting at the time.
11 of 96 Ghanaian providers we checked in September 2026 say whether somebody abroad can open an account
Across fund managers, stockbrokers, banks and savings and loans companies, checked September 2026. Ghanaians sent home US$7.8bn in 2025.
What we will not do
Give you a figure we cannot source. If we do not hold something we will say so rather than estimate it. That includes figures that would make a better story.
Tell you what a rate means for an individual. Bank of Ghana's returns are averages across each bank's whole book, and the Bank says plainly that a given borrower may be offered something different. We publish them as indicative and would ask that you do too.
Ask for anything. No credit, no link, no sight of the piece before publication. If our figures are useful, use them.
How to describe us, if you need to
Cedafin is a Ghanaian financial comparison site. It publishes what investment and credit products cost, using figures the providers and regulators publish themselves, each shown with the date it was true. It is not licensed by the Securities and Exchange Commission of Ghana, gives no investment advice, holds no client money, and no provider can pay to appear or to rank.
Anything unclear, or a figure you need that is not here — data@cedafin.com