The Impact of Monetary and Fiscal Policies on the Lending Rates of Commercial Banks in Ghana.
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Date
2019-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Ghana
Abstract
The study set out to examine the effect of monetary policy and fiscal policy on the lending rates
of commercial banks in Ghana. The study used secondary data acquired from the Central Banks
quarterly report spanning starting 2004 - 2018. Time series data analysis was used.
The study found that monetary policy had a significant positive effect on the lending rates of
commercial banks. Government expenditure had insignificant effect on the lending rate and
lastly inflation also had a positive but insignificant relationship with lending rate.
Based on the findings, the study recommends that, monetary policy should continue to be the
major tool to control the cost of borrowing
Description
MBA.
Keywords
Monetary Policies, Fiscal Policies, Commercial Banks