Audio By Carbonatix
Interest rates charged by banks in Ghana is said to be high despite various policies by Government and Bank of Ghana to help “drive them down”.
The development has made it difficult for a lot of businesses and individuals to have access to credit in the country and even resulted in some high default rates as well.
But with inflation rate going up, some are worried that Bank of Ghana may be moving soon to cause a hike in its policy rate.
In this regard, the Business Edition of PM Express hosted Chief Executive of Ghana Association of Bankers, John Awuah as he shed more light into the role of banks in the high interest rates.
The discussion also delved into what can be done to reduce the high interest rates.
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.
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
-
Three arrested over alleged mob killing of 26-year-old Liberian at Lashibi
12 seconds -
Africa editors chart reform agenda and elect new executive council
3 minutes -
At least 153 dead after reported strike on school, Iran says
18 minutes -
President Mahama arrives in Tanzania to address African Court on human and peoples’ rights
30 minutes -
Ghana’s current surplus to average 3% of GDP in 2026 – Databank Research
45 minutes -
Cedi to depreciate by 7.20% in 2026
50 minutes -
Banks record GH¢15.0bn profit in 2025, a 43.5% growth
50 minutes -
The Africa Editors Forum honours Ghana’s Kwame Karikari with Lifetime Service to Journalism Award
51 minutes -
Weak revenue performance, pressures from compensation pose fiscal risks to economic outlook – BoG
52 minutes -
2025/26 GPL: Bechem United held to goalless draw by Karela United
58 minutes -
Specialised courts to fast-track justice on galamsey, corruption and financial crimes – Judicial Secretary
58 minutes -
Ghanaians urged to embrace specialised courts for effective justice delivery
1 hour -
Sextortion offenders face up to 25 years in jail – Judicial Secretary warns
1 hour -
Air Pollution responsible for a third of stroke, lung cancer and neonatal deaths in Ghana — 2025 SoGA Report
2 hours -
Air pollution may directly contribute to Alzheimer’s disease – new study
2 hours