Players in the financial industry want the new BOG governor, Dr Abdul Nashiru Issahaku to amend and push policies that will help reduce interest rates in the country.
[contextly_sidebar id=”y7FMiSoIR854G1r6KBl7KecjbpKti9yy”]President Mahama on Tuesday appointed a new governor for the bank of Ghana following the retirement of the former, Dr Henry Kofi Wampah.
Speaking in an interview with Citi Business News, Chief Executive Officer of Galaxy Capital, Samuel Bright- Kaitoo said he expects the new BOG boss to make the industry more flexible for operations.
‘‘We are expecting him to put in policies that will bring down interest rates because money markets instrument thrives on the BOG base rate and the treasury bill rate,”
“So if policies are put in place to reduce the treasury bill rate and all other rates that serves as a bench mark in determining rates for fixed deposits, then I think it will go a long way to help us.’’ He noted.
By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana