Tag: interest
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Govt to pay 17-19% interest on energy bond
Government may not be paying anything less than 17 percent in interest for the energy bond. At least this is the indication from managers of the bond following the announcement of their estimated interest rate for the energy bond. Lead managers of the bond, tell Citi Business News the target is also largely due to…
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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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Less hustle in 2nd quarter interest payment – Telcos
Telecom operators have told Citi Business News there have been less challenges with the payment of second quarter interests on mobile money accounts. The second tranche of interest payments, begun on Sunday, September 18, 2016; a week after the first tranche of payments. Some customers had expressed varied concerns over the apparent delay in payments…
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Mobile money interest payments take off today
Effective today September 11, customers of mobile money services will begin earning interest on their mobile money accounts. The interests to be paid will however be the accumulated interests for the first quarter while interests for the second quarter are expected to be paid on September 18, 2016. The Bank of Ghana, in August this…