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
-
AAC celebrates return of 118 scholars, reaffirms commitment to transforming Ghana’s agriculture
4 minutes -
PHDC and Touchstone Capital Partners reaffirm commitment to advance US$12 billion Lot 1 agreement
5 minutes -
VADUG urges gov’t to suspend planned vehicle conformity verification programme
12 minutes -
Our democracy is in danger if the NPP is weakened any further – Paul Afoko
27 minutes -
INTERPOL identifies ransomware, AI-powered scams among Africa’s biggest cyber threats
32 minutes -
NPP’s future depends on experience, unity and moving beyond past grievances — Paul Afoko
38 minutes -
Paul Afoko calls for unity in NPP, cites experience and 2016 victory record
43 minutes -
Ghanaians lose $1.3m to Mobile Money fraud in first quarter of 2025 – INTERPOL report
52 minutes -
IMF exit has exposed Ghana’s economic challenges again – Gideon Boako
56 minutes -
Fire destroys Chevrolet Cruze at La Town Park
59 minutes -
What Is Wrong with Us: We keep planting tomorrow in yesterday’s soil and wonder why the harvest never changes
59 minutes -
Paul Afoko blames NPP factionalism for 2015 removal, vows to unite party
1 hour -
English FA set to withdraw support for Fifa president Infantino
1 hour -
Paul Afoko blames NPP’s electoral decline on weak internal management
1 hour -
SOGOG holds 2026 Annual General and Scientific Meeting, unveils ‘Kumasi Declaration’ to end maternal mortality by 2030
1 hour