Some commercial banks in the country posted huge profits in their operations for last year. The financial statements released so far revealed that loans advanced, deposits as well as interest earned from transactions went up substantially. Some also did quite well in recovering loans they expect to go bad. Ghana Commercial Bank as a group has so far posted one of the highest profits in the industry with 192 million cedis. But Banking Lecturer at Osei Tutu Center for Executive Education and Research, Nana Otuo Acheampong is attributing this good run to efficiency and high interest rates. The Banking lecturer also explains the implications of these results for shareholders and employers. “For shareholders they would be laughing all the way to the same bank because they would expect that dividends will go up and so they will share in the profit; but for others who are not share holders…they will get a share if the high profit will force the bank to bring down their loan rate, if they do then you get access to cheaper finance.” Meanwhile, Professor Peter Quartey, head of economics department at the University of Ghana Legon, said the huge profits mean the banks would have to pay more taxes to government, as well as pay their workers well. These among others, he said, will contribute towards the development of the economy.