EDAIF caution banks not to offer loans above 12.5 per cent

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MENSAH 12 years ago

I would like to process COCOA IN GHANA and would be pleased if you would direct me to the BANK IN GHANA TO APPLY FOR THIS LOAN.I AM A GHANAIAN/CANADIAN and would be pleased to know the formalities and the technicalities in th ...
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I would like to process COCOA IN GHANA and would be pleased if you would direct me to the BANK IN GHANA TO APPLY FOR THIS LOAN.I AM A GHANAIAN/CANADIAN and would be pleased to know the formalities and the technicalities in the application and who qualifies as well.
My email addres where i could be reached is:
dominionpea@rogers.com
Tel;647-343-0901

Thank you.

Isaac.
Farmer 12 years ago

Try ADB

Try ADB
Nana Appiah 12 years ago

Why Dont you raise the loan from Canada..Instead of Ghana where you might ended up with high interest and Bribbery....I can Secure a loan for you in Canada for less than nothing.. Unless You are on a mission of no return..hah ...
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Why Dont you raise the loan from Canada..Instead of Ghana where you might ended up with high interest and Bribbery....I can Secure a loan for you in Canada for less than nothing.. Unless You are on a mission of no return..hahahaha. You know what I mean....Dont be Stupid..Social media especially GhanaWeb is not the right place to Start, What Is your level of Education...?? Lord have Mercy..
MENSAH 12 years ago

You might be an empty barrel that makes lots of noice.WHAT BUSINESS DO YOU KNOW?From what EDAIF is saying here,the loan could be applied from their own secretariat,seing the banks have inflated the uptimum interest rate instr ...
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You might be an empty barrel that makes lots of noice.WHAT BUSINESS DO YOU KNOW?From what EDAIF is saying here,the loan could be applied from their own secretariat,seing the banks have inflated the uptimum interest rate instructed for them to charge.I CAN CONSULT EDAIF directly to apply then,because there could be a bargain there.I might pay less than the 12.5% since we are in NEGOTIATION ERA IN EVERY BUSINESS ARENA.
Nana Appiah 12 years ago

Dont ever use a middle man in Ghana.. Thats all..They are all bunch of thieves..Dont worry Bro am also Canadian.. But Am in a totally different Business..

Dont ever use a middle man in Ghana.. Thats all..They are all bunch of thieves..Dont worry Bro am also Canadian.. But Am in a totally different Business..
Sakura 12 years ago

I dare you to go to the EDAIF. With the government borrowing at 22% (check treasury notes, bills rates) do you expect the banks to lend below 22%. Assuming our government will not go bankrupt (they can print more money) then ...
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I dare you to go to the EDAIF. With the government borrowing at 22% (check treasury notes, bills rates) do you expect the banks to lend below 22%. Assuming our government will not go bankrupt (they can print more money) then I am not wrong in positing that the domestic risk free rate is 22%. This is common sense and Finance 101...it has nothing to do with knowing how to do business. Nana Appiah you have just exposed your ignorance.
Sakura 12 years ago

Nana Appiah, please accept my apologies and forgive me. I meant MENSAH not you. His argument is very porous.

Nana Appiah, please accept my apologies and forgive me. I meant MENSAH not you. His argument is very porous.
Nana Appiah 12 years ago

Apologies accepted...Ghana Is the wrong place to negotiate for any loan..Trust Me.. Thats all I was trying to tell Mensah. There is a famous quote that says."If You Think Education Is Expensive,Try Ignorance" By Bok, Derek...

Apologies accepted...Ghana Is the wrong place to negotiate for any loan..Trust Me.. Thats all I was trying to tell Mensah. There is a famous quote that says."If You Think Education Is Expensive,Try Ignorance" By Bok, Derek...
BIG JOE - belarus russia, ukraine 12 years ago

EDAIF why not deal directly with registered applicants mnowing very well that domestic banks are worst than parasites? Just study gains enrich in the coffers of UT BANK , ECOBANK,GCB,
MERCHANT BANK etc ? Are you not manip ...
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EDAIF why not deal directly with registered applicants mnowing very well that domestic banks are worst than parasites? Just study gains enrich in the coffers of UT BANK , ECOBANK,GCB,
MERCHANT BANK etc ? Are you not manipulated by recipient banks charging 30 and 40 PERCENT INTERESTS?
Sakura 12 years ago

If the government is borrowing at around 22% in the domestic market why should you expect banks to lend at 12.5% or less. The EDAIF is just making emotional, "look-I-care-about-you" kind of argument that is baseless. Let them ...
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If the government is borrowing at around 22% in the domestic market why should you expect banks to lend at 12.5% or less. The EDAIF is just making emotional, "look-I-care-about-you" kind of argument that is baseless. Let them review their relationship with the banks and see if they can any private money to seed their political ambitions! These statements loaded with clichés don't work.

The last time I checked, the Bank of Ghana Monetary Policy Rate (MPR)was 15%. Assuming an interbank rate around 15%, how do banks survive lending at 12.5% or less?

Nana Appiah 12 years ago

Last year, I got a secured line of Credit at a rate of 2.5% from my Canadian Bankers, No Bribe,No Middle Men,...Why the hell would you go to Ghana for loans..Unless you are clueless as to how things Work..Knowledge Is Power, ...
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Last year, I got a secured line of Credit at a rate of 2.5% from my Canadian Bankers, No Bribe,No Middle Men,...Why the hell would you go to Ghana for loans..Unless you are clueless as to how things Work..Knowledge Is Power, as they Say..
Sakura 12 years ago

A lot of commentators on this forum are very ignorant and just spew nonsense. How do we move ahead as a nation?

A lot of commentators on this forum are very ignorant and just spew nonsense. How do we move ahead as a nation?
tegare 12 years ago

the problem is this so calledEDAIF and their direcctors. why ask banks to charge to the maximum 10%. 5% would have been more than enough.

the problem is this so calledEDAIF and their direcctors. why ask banks to charge to the maximum 10%. 5% would have been more than enough.

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EDAIF caution banks not to offer loans above 12.5 per cent

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