Tag: local banks
-
High interest rates stifling economic growth – Akufo-Addo
President Akufo-Addo has admitted that high interest rates charged by banks remains a major stumbling block to economic growth in the country. He says Ghanaian businesses can only become competitive in the sub-region and beyond if interest rates drop significantly. The latest Annual Percentage Rate (APR) report from the Bank of Ghana indicates that banks…
-
BoG must decide extension of recapitalization deadline
The independence of the Bank of Ghana (BoG) must be allowed to prevail even as appeals are considered from local banks for an extension of the deadline for recapitalization. This should also build a strong financial sector with the capacity to support economic growth. That is the suggestion from Financial Analyst, Professor Godfred Bokpin. His…
-
President meets local banks over extension of recapitalization date
Citi Business News understands that the President, Nana Addo Dankwa Akufo Addo, has met some Managing Directors and Chief Executive Officers of local banks in the country to discuss the request for an extension in the deadline date of the minimum capital requirement for indigenous banks. The local banks are appealing for an extension of…