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A country with a 25% policy rate is economically stagnant..
It will still drop down further as time goes on .
This is a relieve and reprieve for some of us .
In 2023 I took a loan at 40 plus interest rate .
So I’m glad for this .
Cote Dvoire and Nigeria are operating with a single digit interest rate for the past 10yrs.Having 25% interest rate is not something that any govt in GH shd jubilate about.BoG shd be ashamed of this news.
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Wei yɛ de bɔ bra
Good governance nu aba !!!!
25% Interest Rate is still a shambolic work from BoG team.They don't deserve their monthly pay cheque.No economy on this planet can grow at that high rate.
It needs to come down and very quick.
Achieve results by force. Such knee jerk approach to fixing problems.
Whose funds are the banks going to lend out
are you fuking kidding us 25% wow that highway robbery in progress
are you fuking kidding us 25% wow that highway robbery in progress
Ghana is really working again. I hope the naysayers will come and tell us that they started this 8years ago. When you put the right people at the right positions meritoriously, you outlook in every sector will be positive.
This NDC people are doiing magic. Cutting rate by 300 points. Bawumia is fake and clueless
Still too high. But I understand it has to be gradual to forestall an abrupt increase in fx rates
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This is still too high. How will the private sector survive with such interest rates? We need to take a second look at these things.