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
-
Ecobank Ghana MD expresses gratitude to customers, staff at 9 Lessons & Carols Service
31 minutes -
Ghana and Germany deepen economic partnership: A new era of investment and cooperation
1 hour -
Breaking up before the holidays: Is it better to let go before or after the festive season?
1 hour -
From waste to purpose: Prudential Life advances no-plastic-use agenda with plastic recycled desk project
1 hour -
Jerry Ahmed opposes use of athletes’ bonuses as Sports Fund sources
2 hours -
Water supply disruption looms as Weija Plant undergoes maintenance on Friday
2 hours -
Accra: Corn miller in court for planning to set Kantamanto shops ablazeÂ
2 hours -
Over 1.3m young Ghanaians out of work or school – GSS
2 hours -
Merqury Quaye Live DJ Concert set for December 25 at Laboma Beach Resort
2 hours -
Six drivers arrested as AMA boss enforces approved public transport fares
2 hours -
Aephaniel Owusu-Agyemang: A journey of leadership, policy and economic purpose
2 hours -
Victory for Ghana’s forests: Civil society hails revocation of controversial L.I. 2462
2 hours -
HIV testing should be mandatory for employment in Ghana – Habib Iddrisu
2 hours -
The use of ‘olonka’ must end, we need proper measuring scale – Kofi Kapito
3 hours -
Gov’t bans mining in forest reserves; violators face up to 25 years in prison
3 hours