Tag: interest rate
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Banking consultant bashes BoG for high lending rate
Banking consultant, Nana Otuo Acheampong, has criticized the Bank of Ghana over the country’s high average lending rate which is hovering around 33 percent. According to him, it is imperative for the central bank to roll out measures to help ease pressures on the economy and businesses. Speaking to Citi Business News, , Nana Otuo…
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Reduce cost of doing business in Ghana – Veep to new BoG Board
Vice President Kwesi Amissah Arthur has made a strong case for a reduction in the cost of doing business in the country. Mr. Amissah Arthur says the high interest rate regime has deepened the challenge for most businesses especially SMEs, to access credit and expand. According to him, the situation has also contributed to the…
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BoG worried over high lending rates
The Governor of the Bank of Ghana (BoG) Dr. Abdul Nashir Issahaku has described as worrying the country’s current average lending rate which is hovering around 33 percent. According to Dr. Issahaku, the central bank is committed to bringing down lending rates by tightening monetary policy. Speaking to Citi Business News, Dr. Issahaku said the…