Banks fret over soaring cost of doing business in Ghana

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• Foko 13 years ago

  Banks arw always greedy. Who do you want to pay your utiliy bills for you?
  
  As for staff salaries don't even go there because they also deserve good pay just like you the CEO's and komininis. They've got families to look af ...
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  Banks arw always greedy. Who do you want to pay your utiliy bills for you?
  
  As for staff salaries don't even go there because they also deserve good pay just like you the CEO's and komininis. They've got families to look after as well.
  
  No one forced you to site your business in the city to pay $100,000 a year on rent. It's your choice.
  You also have an option of building your own offices if you so wish.

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• Tijani 13 years ago

  Cost of staying in a hotel in accra for one night is even more than staying in a hotel in most developed countries. cost of living in Ghana is getting high everyday. the rich people are exploiting the poor to become more rich ...
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  Cost of staying in a hotel in accra for one night is even more than staying in a hotel in most developed countries. cost of living in Ghana is getting high everyday. the rich people are exploiting the poor to become more richer. the rich in Ghana are greedy and have no sympathy for the poor, that is why they are charging high rent for their properties. God safe the poor.

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• SHELL SIGNBOARD 13 years ago

  I KEEP SAYING THAT THE QUALITY MOST SERVICES IN GHANA ARE A JOKE. SERVICES IN THE BANKS, HOSPITALS, HOTELS, TOWNPLANNING,SUPERMARKETS, EVERYTHING IS A JOKE. YOU ATTEMPT TO BUY FUEL AT A FUEL STATION AND THE ATTENDANT WILL CHE ...
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  I KEEP SAYING THAT THE QUALITY MOST SERVICES IN GHANA ARE A JOKE. SERVICES IN THE BANKS, HOSPITALS, HOTELS, TOWNPLANNING,SUPERMARKETS, EVERYTHING IS A JOKE. YOU ATTEMPT TO BUY FUEL AT A FUEL STATION AND THE ATTENDANT WILL CHEAT YOU,WOMAN SELLING GINGER AT THE MARKET, WITH SOIL FROM THE FARM STILL COVERING IT SAYS IT'S 'OK' WHEN YOU DON'T WANT TO CARRY SOIL HOME, OH GHANA

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• The Sentinel 13 years ago

  What do you expect in a corruption-ridden country - when Kufour and his tribal henchmen looted the country and are awash in foreign and local accounts, replete with fleets of cars, living in million-dollar homes.
  
  Corruptio ...
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  What do you expect in a corruption-ridden country - when Kufour and his tribal henchmen looted the country and are awash in foreign and local accounts, replete with fleets of cars, living in million-dollar homes.
  
  Corruption is the principal breeder of inflation!
  
  What a shame and sham
  
  Beats me
  The Sentinel

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• DAN 13 years ago

  decent motel in usa is $50-$70 per night..Even in NYC $120 at JFK airport..Pizza in accra cost too much..Usa competion is such that Little Ceaser sell large pizza for $5...Kfc cost no more than $5 for 2 piece chicken and brea ...
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  decent motel in usa is $50-$70 per night..Even in NYC $120 at JFK airport..Pizza in accra cost too much..Usa competion is such that Little Ceaser sell large pizza for $5...Kfc cost no more than $5 for 2 piece chicken and bread & coke...All in Accra and Ghana is too expensive even for tourist

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• DAN 13 years ago

  Ghana charges 30% loans, pays 3% on small savings accounts..Yet i bought pickup truck yesterday and interest rate in usa was 3.9%...Ghana banks can borrow money in usa at .5% and reloan it at 30%

  Ghana charges 30% loans, pays 3% on small savings accounts..Yet i bought pickup truck yesterday and interest rate in usa was 3.9%...Ghana banks can borrow money in usa at .5% and reloan it at 30%

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• arafat amsterdam 13 years ago

  all banks in ghana are 419,mamobi nima stanbic bank is one of the 419 banks in accra,my 20gh deposited in a new current accounts just disappeard within 3 weeks mean for interest rate, i ask myself interest rate for what? eve ...
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  all banks in ghana are 419,mamobi nima stanbic bank is one of the 419 banks in accra,my 20gh deposited in a new current accounts just disappeard within 3 weeks mean for interest rate, i ask myself interest rate for what? even though i was not granted any overdraft to start any business as some banks usualy do, this big men has educated to steal, they have no mercy on poor people, they are all thiefs and crooks.rufkaram@hotmail.com

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• BabaUS 13 years ago

  Cost of doing business too high? These bankers are shameless. To say base rate over 25 percent is too low? Are you kidding me. For the services they provide, we should all be keeping our money in our matresses. They pay th ...
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  Cost of doing business too high? These bankers are shameless. To say base rate over 25 percent is too low? Are you kidding me. For the services they provide, we should all be keeping our money in our matresses. They pay those useless bank employees too much and milk us with fees on everything. Above all, the pay little or no interest on savings accounts. If the cost of doing business is high, it is their own lack of proper management. Give me a break. What the Government needs to do is to further liberalize the Banking rules to create more competition. I think the Microfinance companies do a better job.

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• DM 13 years ago

  Uninformed comments mean very little. It behooves each of you to learn the concept of "supply and demand" or "production, cost, and efficiency" even the concept of "market failures." It is not about greed, it is about making ...
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  Uninformed comments mean very little. It behooves each of you to learn the concept of "supply and demand" or "production, cost, and efficiency" even the concept of "market failures." It is not about greed, it is about making a fair profit, whether for your fair work or for the use of someone's money, whether from an individual or from a bank. In each and every case, you have a choice. If you consider for example, that a bank is too greedy, then you do not have to borrow money from that bank. The same applies to any circumstance, including borrowing money from your parents or your chief or your friend. And there is always the very substantial risk, that you will not pay the loan back. In terms of any business, there are always operational costs...which include utilities, maintenance, improvements, taxes, production and labor costs, marketing, etc...and ultimately these costs are passed on to the customer. If not, the business goes out-of-business. It is as simple as that.

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• EZEKIEL 13 years ago

  If your Bank can pay $100,000 a year on Rent in the Central Business Area of Accra,WHY DON'T you put up your OWN Bank-Houses???This IS a much cheaper way,I guess!

  If your Bank can pay $100,000 a year on Rent in the Central Business Area of Accra,WHY DON'T you put up your OWN Bank-Houses???This IS a much cheaper way,I guess!

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