REDUCE INT RATE ON BILLS TO REDUCE COST OF BORO 4 months ago
Cost of borrowing from the banks to do business in Ghana is also higher because of BOG irresponsible interest of raising capital for government through treasury bills deliberately fixes higher interest rate.of 31% plus to ... read full comment
Cost of borrowing from the banks to do business in Ghana is also higher because of BOG irresponsible interest of raising capital for government through treasury bills deliberately fixes higher interest rate.of 31% plus to attract investors knowing very.well.that the demand for the bills are inelastic therefore even.when the interest rate is fixed at 10% on bills investors will have no.options but still. invest.in the bills because its is a safe way.of.getting your.capital back..BOG high interest rates on treasury bills results in corresponding higher borrowing interest cost from banks thereby increasing cost production of goods and services. Our main financial and economic difficulties can be blamed on BOG higher interest rate paid on bills thus pushing a higher borrowing rates for businesses . Ghana is so expensive to live because of higher rates on borrowing in the whole World. In other African countries rates paid on bill do.mot exceed 10% so.why is BOG paying higher at 31% ???.
Cost of borrowing from the banks to do business in Ghana is also higher because of BOG irresponsible interest of raising capital for government through treasury bills deliberately fixes higher interest rate.of 31% plus to ...
read full comment