Audio By Carbonatix
President of the Bankers Association and Managing Director of HFC bank, Asare Akuffo is projecting a further reduction in interest rates by the first quarter of next year.
According to him the consistent reduction in inflation is an indication the economy is now stabilized.
Mr. Akuffo told Joy Business if the trend is sustained, the rate could drop well below 18 percent.
Mr. Akuffo while commending government for stabilizing the economy, is unhappy about the cost of doing business.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Elizabeth Ohene writes: Your lordship, justice must also be seen to be done
29 minutes -
Ghana Water to resume spillage at Weija Dam from Wednesday
39 minutes -
Agyarko ends 16-region tour, targets NPP parliamentary comeback in Greater Accra
46 minutes -
GIGS welcomes UN adoption of Equal Earth map as correction to ‘450 years of cartographic injustice’ against Africa
50 minutes -
‘October 3 is the only poll I believe in’ – Paul Afoko dismisses NPP chairmanship survey
2 hours -
Contractors who delay projects risk losing Big Push contracts – Agbodza
2 hours -
NPA uses Fetu Afahye to educate consumers on petroleum safety
2 hours -
Roads Minister orders contractors to keep working during official visits
2 hours -
New 4-year bond attracts GH¢4.46bn in bids
2 hours -
AIA VIP Lounge to be completed without taxpayer funds – Ablakwa
3 hours -
KEEA Assembly disburses GH¢267,518 to 94 PPCs in third quarter
3 hours -
GAF clears 175.6km corridor for Accra-Kumasi Expressway ahead of schedule
3 hours -
Dr Abu Sakara urges African youth to lead economic freedom
3 hours -
24-Hour Economy mobilises GH¢1bn for poultry value-chain transformation
3 hours -
From working in his room to building a business group – Michael Bartlett-Vanderpuye’s journey
3 hours