Tag: interests
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Contractors want law to back interests on delayed payments
Contractors in Ghana want government to pass a law that will enforce the payment of interests on delayed payments for public construction works. They argue that they are overburdened with high interest rates on loans from banks and often lose out when payments are delayed without interest. For instance, government’s indebtedness to road contractors is…
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Government’s cost of borrowing to decrease soon – Terkper
Government is optimistic its cost of borrowing on the international market will reduce as it realigns its fiscal policies and enhance financial discipline. Ghana’s cost of borrowing on the international market had gone up to about 10.25 percent until government recently issued its 5 year 750 million dollars Eurobond, at a coupon rate of 9.25…
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Mobile money interests to be paid by end of today
Some telecom operators have assured subscribers of mobile money services yet to receive interests on their accounts to expect them by the end of today, September 13, 2016. It comes on the back of concerns by customers over the apparent delay in the release of interests; three days after the process begun. About 12 million…