These are the banks offering covid-19 reliefs on loan repayment

Ghanaian banks have been responding to the impact of COVID-19 on their customers, rolling out incentives to cushion businesses and individuals at a time the virus is biting hard on businesses.

Coronavirus is inflicting hardship on Ghanaians through job losses, salary cuts and low productivity, resulting in reduced disposal income.  Some of the banks have accepted the challenge from small and medium enterprises to alleviate their financial hardship.

Following a nudge from the Republic Bank in March, the banks are getting flexible to the extent of tolerating loan holidays.

Bank Interest rate cut/incentive Moratorium Eligibility
Republic Bank For personal loans 

  1. Mortgages –  Moratorium of up to 6 months


  1. Personal Loans – Moratorium of up to 6 months.


  1. Automatic waivers for the next 3 months on: Overdrawn Account Fees.


For Commercial and Corporate Customers

  1. Moratorium on all loans for up to 6 months and will be made available upon request
  2. Debt restructuring &/or Temporary increase in overdraft limit will be considered on a case by case basis
  3. Automatic waivers for the next 3 months on;

·         Overdrawn account fees

·         Late fees on loan repayments



To be eligible for the Moratorium, Customers must be in good standing with the Bank, meet Credit Criteria and apply for the deferment.
GCB Bank 2% Two months moratorium on personal loans (from June)
Fidelity Bank



The interest rate of 17.5% applies to personal loans, with effect from   March 26, 2020.

A maximum three-month repayment holiday.
Option to apply for repayment holidays, where a temporary moratorium will be placed on the loan repayments for up to six months
GT Bank 90-Days moratorium on SMEs loan
ABSA Bank 2% on existing loans 3-6 months
  • Customers in affected sectors (aviation, hospitality, religious bodies and private schools) get a 6-month payment holiday and a 6-month extension in loan tenor.
  • If you are not directly impacted, but apply for a payment holiday, you may be granted a 3-month payment holiday and a 3-month tenor extension.










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  1. Francis Nchebini says

    It’s not true GCB is still deducting their loan during this time.I am victim of that . This June they deducted their loan .

    1. Anonymous says

      Don’t mind G C.B

  2. Anonymous says

    Nothing of that sort is happening at GCB.Ltd. They have deducted their loan from my account this Month of June. Don’t mind those kalabule bank.(GCB Ltd)They serve us poorly not even good. How come better.

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