We’ll address high cost of lending— BoG

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• mr amin 10 years ago

  Address the falling cedi, its the problem. no policy will work without a stable currency. BoG move away from the floating exchange rate regime to the fixed exchange rate regime, we need a good currency for business.

  Address the falling cedi, its the problem. no policy will work without a stable currency. BoG move away from the floating exchange rate regime to the fixed exchange rate regime, we need a good currency for business.

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• United Ghana 10 years ago

  The cedi's problem is caused by our adverse balance of payments. That's what's got to be addressed eg by increasing exports significantly. Fixed rates would only lead to shortages & inflation & stifle business

  The cedi's problem is caused by our adverse balance of payments. That's what's got to be addressed eg by increasing exports significantly. Fixed rates would only lead to shortages & inflation & stifle business

  reply
• mr amin 10 years ago

  @United ghana, we cant have a good export base without a stable currency. Weak cedi will make machines n production very expensive, i think we are willing to export more why are we not doing that? weak currency wont allow t ...
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  @United ghana, we cant have a good export base without a stable currency. Weak cedi will make machines n production very expensive, i think we are willing to export more why are we not doing that? weak currency wont allow that. Why charge importduties in dollers? its a factor. So stop blaming lack of export.

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• eugene 10 years ago

  If you must be charged a high interest( such as the country of Ghana) your a bad credit risk and the bank should not loan you money or they could fast problems getting repaid..You can get car loans in USA right now for 2% fro ...
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  If you must be charged a high interest( such as the country of Ghana) your a bad credit risk and the bank should not loan you money or they could fast problems getting repaid..You can get car loans in USA right now for 2% from credit union..I payed 4.7% because i wanted 5 year loan to lower payments..The rates must be capped and even the fees for account maint...and overdraft if Ghana system allows you atm card to temp overdraw your account

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• Okai Brako 10 years ago

  l appreciate the efforts of BoG. But the leakages in the system is too much. BoG should quickly do something because the burden on the faces of the citizens is killing.

  l appreciate the efforts of BoG. But the leakages in the system is too much. BoG should quickly do something because the burden on the faces of the citizens is killing.

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• JACOB 10 years ago

  IT A SHAME GHANA LEADERS KNOW THE PROBLEMS BUT YET IGNORE BECAUSE SOME ARE BENEFITING WHILES THE REST STRUGGLES. AS A RESULT THE GAP KEEP GETTING WIDER AND DOESN'T MAKE SENSE ECOMICALLY

  IT A SHAME GHANA LEADERS KNOW THE PROBLEMS BUT YET IGNORE BECAUSE SOME ARE BENEFITING WHILES THE REST STRUGGLES. AS A RESULT THE GAP KEEP GETTING WIDER AND DOESN'T MAKE SENSE ECOMICALLY

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• Chief amankwa 10 years ago

  Ok

  Ok

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• Adwoa 10 years ago

  To be quite honest the gov't has woefully failed in bringing down interest rates. Mahama must raise up his hands and admit it. He must also do something about it before it's too late. This is shambolic governance, not fit for ...
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  To be quite honest the gov't has woefully failed in bringing down interest rates. Mahama must raise up his hands and admit it. He must also do something about it before it's too late. This is shambolic governance, not fit for any purpose. Rise up Mahama in your slumber. The governor of bank of Ghana must be fired and a more competent person appointed.

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• eugene 10 years ago

  or local laws..In USA most times its states the set laws for local banks! And the includes caps on interest rates

  or local laws..In USA most times its states the set laws for local banks! And the includes caps on interest rates

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