Interest rate cuts bite Republic Bank Ghana, nine-month profit falls a quarter

Republic Bank Ghana PLC’s nine-month profit fell by almost a quarter as falling Ghanaian interest rates squeezed the income it earns on loans and government securities, even as its balance sheet expanded and asset quality improved. Republic Bank Ghana is 66.5 per cent owned by Republic Financial Holdings Ltd of Trinidad and Tobago, which runs banks across 16 Caribbean and West African markets.