Bank of Ghana Report names UMB, 2 others with lowest lending rates to SMEs

Posted by - December 31, 2021

Universal Merchant Bank (UMB) has been named among other universal banks with the lowest interest rate on loans offered to small and medium scale enterprises in the country, according to the Bank of Ghana “Annual Percentage Rates (APR)” report. The central bank’s 2021 Annual Percentage Rates (APR) report (BoG) revealed that “on loans offered to