Interest rate is killing businesses

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• Rosy 12 years ago

  The banks will rather offer loans for 4 by 4 cars than see private businesses grow. Thus the sad truth. Sometimes one wonder where all the smart brains left for?

  The banks will rather offer loans for 4 by 4 cars than see private businesses grow. Thus the sad truth. Sometimes one wonder where all the smart brains left for?

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• Objective Thinker 12 years ago

  High Interest Rates? Where are the figures? 10%, 20%, 50% or what? Poor and hollow journalism.

  High Interest Rates? Where are the figures? 10%, 20%, 50% or what? Poor and hollow journalism.

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• BIG - JOE -moscow/kharkov/minsk 12 years ago

  gloomy economy,gloomy political omen,
  when a nation boost her economy in preference for cheap asian consumer goods to be driven by imports than export ! When a nation's home made brand and consumer drive is not attended by ...
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  gloomy economy,gloomy political omen,
  when a nation boost her economy in preference for cheap asian consumer goods to be driven by imports than export ! When a nation's home made brand and consumer drive is not attended by so called politicains and policy makers,minister and public echelon in high positions of trust meant to promote home driven awareness toward manufacturing its local raw materials , natural resources ,agriculture resources,hydrocarbon resources ,abundant human resources,
  over 50 Univesrities across Ghana,over
  100 bank listings with VALUE ADDITION
  lawlessness,robbery,cheating,insider theft, beaureaucracy,fears,suffering controls the middle class and commons.What relief does Bank of Ghana
  provide to private sector enterprises imaging borrowing 100,000 Ghana Cedis attracting 30 Percent interest rate ?
  Banks in Ghana exist to manupulates the public and slaughter private business .....So in the end Ghana's Bank exist to manipuates the masses/ customers and impose harsh living conditions on most struggling families and private sector businesses . That why more amore financial services are floding the domestic market each day.
  Officials and staff operating in banks across Ghana are milking Ghanians and imposing debts sentence on customers who apply for loans.

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• Joe Turkey 12 years ago

  Useless NDC. Just as they rigged the election, they connived with the equally useless Statistical Service to tell Ghanaians inflation is 8%

  Useless NDC. Just as they rigged the election, they connived with the equally useless Statistical Service to tell Ghanaians inflation is 8%

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• ghanaba 12 years ago

  come out in unions like brooms to lobby in public and in private. pesemenkomeya, will not only kill businesses but the whole nation. form consumer unions. most of these banks are money launderes. the only good money they have ...
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  come out in unions like brooms to lobby in public and in private. pesemenkomeya, will not only kill businesses but the whole nation. form consumer unions. most of these banks are money launderes. the only good money they have is what you pay them as interest. business community lend monies among yourselves for rapid turnovers. the only true and faithful enemy to inflation. do you want them to give out loans to buy cows or guinea fowls? it is easier to sell cars even at abrogated loss. they have been trained for years as future crooks. you should think more of yourselve as to do with your little monkey brain.

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• PROFESSOR THOMAS KUBI- McA 12 years ago

  MARKETS WILL TAKEOVER BANKS SOON !! INTEREST FREE BANKING COMING !!!
  =================================
  IF THE BANKS TURN ON DEATH EARS OVER
  TO THE BUSINESSES AND THE PEOPLE= THE PEOPLE
  WILL HAVE NO OPTION BU ...
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  MARKETS WILL TAKEOVER BANKS SOON !! INTEREST FREE BANKING COMING !!!
  =================================
  IF THE BANKS TURN ON DEATH EARS OVER
  TO THE BUSINESSES AND THE PEOPLE= THE PEOPLE
  WILL HAVE NO OPTION BUT SHUN THEM AND SET UP OUR OWN COOPERATIVE BANKS WHICH
  WILL BE MORE PROFITABLE TO THE PEOPLE
  AT LARGE= THERE WILL BE NO WINDOW
  DRESSING FINANCIAL POLICIES=THE BANKS DO NOT SERVE A PURPOSE TO THE CUSTOMERS== PROHIBITIVE INTEREST RATES ????
  PROFESSOR THOMAS KUBI =FOUNDER
  MARKETING AFRIKA FOUNDATION
  WWW.CUSTOMERMETRO.COM

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• DAN 12 years ago

  Any profits they make are suppose to go back to credit union to provide loans..Stay away from ghanian banks..It was announced today that 30 year home loans in usa reduced to 3.40%..while AAA(automobile association of america) ...
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  Any profits they make are suppose to go back to credit union to provide loans..Stay away from ghanian banks..It was announced today that 30 year home loans in usa reduced to 3.40%..while AAA(automobile association of america) is quoting 1.85% car loans for 5 years

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• Yamo 12 years ago

  Ghana financial institutions are not interested in the average citizen. Instead of charging a reasonable interest rate and giving the Ghana citizen ample time to repay, they try to surpress the middle class and keep the inte ...
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  Ghana financial institutions are not interested in the average citizen. Instead of charging a reasonable interest rate and giving the Ghana citizen ample time to repay, they try to surpress the middle class and keep the interest rates high. So as to keep the money with the wealthy. More auto loans, more mortgage loans means more jobs, and the creation of a large middle class. Which of course means higher wages, ouch, this is what the banks and the wealthy do not want. At a 5% interest rate for a mortgage, at betwen 17 and 20 years repay, the interest rate will equal 100% of the original mortgage value, is this not enough profit for the banks? Ghana banks need to learn how to do business.

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• messa 12 years ago

  THEIR LOANS ARE PREDETORY LOANS FULL OF FRAUD ,DECET, MISSREPRSANTION,ILLEGAL USUREY , AND BOGUS FEES, UNLESS BANK OF GHANA OPEN INVESTIGATION WITH OUR "CRIMINAL JUSTICE" GHANA FALKS WILL CONTINUE TO FALL AS PRAYS FOR THE BA ...
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  THEIR LOANS ARE PREDETORY LOANS FULL OF FRAUD ,DECET, MISSREPRSANTION,ILLEGAL USUREY , AND BOGUS FEES, UNLESS BANK OF GHANA OPEN INVESTIGATION WITH OUR "CRIMINAL JUSTICE" GHANA FALKS WILL CONTINUE TO FALL AS PRAYS FOR THE BANKSTERS ILLEGAL ACTIVITYS

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• From Italy 12 years ago

  Govt has little to do with Interest rate

  Govt has little to do with Interest rate

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• Emmanuel Obeng 12 years ago

  The government do have something to do with it. It is the government that controls the central bank of Ghana. If that is the case the government should consider reducing the base rates charged by the bank of ghana. that will ...
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  The government do have something to do with it. It is the government that controls the central bank of Ghana. If that is the case the government should consider reducing the base rates charged by the bank of ghana. that will enable the commercial banks give out low rates on loans

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• Emmanuel Obeng 12 years ago

  The private industries are operated mostly by finances from the banks. But here is the case the rates of interest are high due to the depreciation of the Ghanaian currency as against the foreign currency. The government shoul ...
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  The private industries are operated mostly by finances from the banks. But here is the case the rates of interest are high due to the depreciation of the Ghanaian currency as against the foreign currency. The government should look to means of stabilizing the cedi so as to enable the banks control the rates of interest. The BoG should also decrease their base rates to help the banks in this regard

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