Tag: high cost of credit
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Don’t lend to government at the expense of private sector – Banks urged
Stakeholders at the launch of a report assessing Ghana’s competitiveness and available opportunities for the country under the African Continental Free Trade Area (AfCFTA) have blamed the continued lending by some banks to government as well as the high treasury bill rates, for the low level of credit advanced by financial institutions to the private…
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Poultry farmers decry high interest rates
The Ghana National Association of Poultry farmers is calling on banks to reduce the cost of credit. The farmers say they pay on average between 35% to 40% interest for every loan taken to boost their businesses. According to them, the high interest on loans taken from the banks in Ghana makes it difficult to…