Audio By Carbonatix
Tonight on JoyNews, PM Express Business Edition took a close look at interest rate in the country and banking sector fraud.
This follows the Bank of Ghana's revelation that interest rates have assumed a downward spree for short-dated instruments, since the beginning of the year.
Real interest rates tipped in June due to the marginal uptick in inflation from 7.5% in May to 7.8% in April.
Also, the Bank of Ghana has revealed that total value of reported fraud cases in the banking industry witnessed substantial increase.
The losses incurred as a result of fraud for 2020, stood at GH¢25.40 million, as compared to an estimated loss of GH¢33.44 million in 2019, representing a 24.0% decrease.
Host, George Wiafe interacted with Chief Executive Officer (CEO) of Ghana Association of Bankers, John Awuah to discuss the challenges and the way forward following assurance from the President to do more to resolve the problems.
Latest Stories
-
Hamamat and Wiyaala land tourism ambassadorial roles
2 hours -
A singer’s tragic death highlights Nigeria’s snakebite problem
3 hours -
King Charles to host Nigeria’s first UK state visit in 37 years
3 hours -
Mikel Arteta: Arsenal’s 9-point lead at top of Premier League means ‘nothing’
4 hours -
Japan votes in snap election as PM Takaichi takes a gamble
4 hours -
Bloodshed in Kpandai as rival chieftaincy factions clash over gravel pit
5 hours -
Most couples learn these 12 hard lessons way too late
6 hours -
Vote-buying allegations: Refer Ayawaso East incident to OSP — Mussa Dankwah tells Mahama
6 hours -
Government plots audacious 180,000-hectare coconut expansion to dominate global markets
6 hours -
AMA doubles sweepers’ wages to GH₵800
7 hours -
Ashie Moore admits defeat in war against vote buying
8 hours -
UniMAC mourns with family as student killed in road crash is laid to rest
8 hours -
Bribery scandal rocks NDC Ayawaso East primary as IMANI President demands total annulment
8 hours -
Pollster Mussa Dankwah reacts as Baba Jamal defies projections in NDC Ayawaso East Primary
8 hours -
Government to roll out Free Primary Healthcare in the first week of April
10 hours