The Bank of Ghana says it has initiated measures to address challenges facing the country’s agric sector as part of efforts to improve the sector’s contribution to economic growth.

Ghana’s economic growth for 2015 went down marginally compared to 2014, with figures from the Ghana Statistical Service Wednesday showing growth, including oil, reducing marginally to 3.9 percent from 4 percent in 2014.

The Bank of Ghana (BoG) has put on hold the issuing of new licences to microfinance companies.

Rising interest rates in Ghana is stoking cost of borrowing and forcing businesses to go bankrupt, research conducted by an international organisation has stated.