Banks unhappy with local dollar bond

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• ROGUE LAWYER 9 years ago

  we should not try to discourage it, because the idea is to encourage Ghanaians abroad to bring money that are sitting in their accounts abroad back home .
  now it is up to the backs to put a prudent guidelines to make it succ ...
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  we should not try to discourage it, because the idea is to encourage Ghanaians abroad to bring money that are sitting in their accounts abroad back home .
  now it is up to the backs to put a prudent guidelines to make it successful. because the banks are also going to benefit from it -in a way that if you advise the finance minister that all the bonds must be issued to the banks so that they (banks* can contact their clients for the interest package, negotiations of 1 or 2 percent for the bank and the rest for the client .then it become a banking policy for the program which is a win win for both.
  BY SO DOING GHANAIAN in DIASPORAS ARE GOING TO OPEN MORE DOLLAR ACCOUNTS PUSH MORE MONEY INTO IT FOR THE BENEFIT.
  THERE MUST BE LIMITED WITHDRAWAL PERIOD LIKE THE LOCAL CURRENCY TREASURY BONDS .THAT WILL DETER LOCALS WHO WOULD LIKE TO USE THEIR CAPITAL FOR THE PROGRAMM because you may need 2-3yrs period for maturity

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• nana_qwuasi 9 years ago

  Th bankers are inward looking and only thinking about their benefits. This is a very laudable idea and the banks should devise a policy to make it a success. Me sef, i have huge monies in dollars and pounds and will gladly bu ...
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  Th bankers are inward looking and only thinking about their benefits. This is a very laudable idea and the banks should devise a policy to make it a success. Me sef, i have huge monies in dollars and pounds and will gladly buy at good rates even if its for 180days.

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• Peniz Chopper 9 years ago

  Surely, this could further strengthen the dollar on the domestic by the sheer demand created for the greenback. Such a demand will weaken the cedis and further depreciate the cedi against the dollar.
  
  I hope the finance mi ...
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  Surely, this could further strengthen the dollar on the domestic by the sheer demand created for the greenback. Such a demand will weaken the cedis and further depreciate the cedi against the dollar.
  
  I hope the finance minister and his team are taking note of the issue . We cannot cut our noses to spite our faces.

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• Allen the Liar, Bafoon & Bully 9 years ago

  A friend of mine deposited $15,000.00 in his bank account in Ghana for more than 6 years and did not earn a penny in interest. Guess what? When he went to withdraw his money, the bank manager called him to his office, convinc ...
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  A friend of mine deposited $15,000.00 in his bank account in Ghana for more than 6 years and did not earn a penny in interest. Guess what? When he went to withdraw his money, the bank manager called him to his office, convincing my friend to stop withdrawing the money. My friend asked what benefit is it to me if I am not earning interest? I am going to invest it for interest.

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