This study examined the impact of interest rates on the demand for credit facilities in Ghana using Mumuadu Rural Bank as a case study between 2002 and 2011. It was in line with the numerous theoretical inconsistencies as to whether effective financial intermediation and demand for credit could be undertaken at relatively high or low interest rates. Many people are losing interest in demanding loans from banks these days due to a number of reasons which includes high lending rate, getting a guarantor, lack of collateral securities among many others. It is been realized that the major setback from banks by customers is high lending rates. The research employed Pearson correlation to establish
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