High NPLs 'scare' banks from lending to businesses

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• Obour 5 months ago

  The lending rate in neighbouring Togo is 5% per annum. What’s the lending rate in Ghana? Only a fool will fail to realise that the exorbitant lending rate is the main reason businesses cannot honour their obligations to th ...
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  The lending rate in neighbouring Togo is 5% per annum. What’s the lending rate in Ghana? Only a fool will fail to realise that the exorbitant lending rate is the main reason businesses cannot honour their obligations to the banks. An idiot like you comes out to say NPLs are high in Ghana. Personally, if I take a loan from the bank, I will definitely not pay back. Nkwasiafuo banking system in Ghana

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• Kwame Blanco 5 months ago

  @ obour you nailed it except the non payment. It is clear as day that the indeed EXORBITANT interest rates and almost impossible to meet collateral requirements, is the biggest blow to raising capital through the banks. Meanw ...
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  @ obour you nailed it except the non payment. It is clear as day that the indeed EXORBITANT interest rates and almost impossible to meet collateral requirements, is the biggest blow to raising capital through the banks. Meanwhile every industrial country has affordable access to credit. In gh it is almost impossible. 30% interest rate in addition to fixed costs and market fluctuations means you need 50% profitability. The only business running at 50% prodit or better is church industry lol. What a joke

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