Banks fleece customers; records 66.5% profit in first quarter

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• USMAN 12 years ago

  Illegal charges may have contributed to this profit.

  Illegal charges may have contributed to this profit.

  reply
• DAN 12 years ago

  home loan for 30 years in usa with good credit is 3.4%, 15 year house loan is 2.75% and loan from car manufacturer's loan company is 4.9% for 6 years..Only savings accounts are rip off in america .5-.65

  home loan for 30 years in usa with good credit is 3.4%, 15 year house loan is 2.75% and loan from car manufacturer's loan company is 4.9% for 6 years..Only savings accounts are rip off in america .5-.65

  reply
• tegare 12 years ago

  fleece customers ? banks are predators whose business is just to suck the masses wealth and concentrate it in few hands.
  in case u dont agree lets try full reserve banking and see

  fleece customers ? banks are predators whose business is just to suck the masses wealth and concentrate it in few hands.
  in case u dont agree lets try full reserve banking and see

  reply
• sammy 12 years ago

  This is a country where anybody at the helm of affairs are Lords to themselves and can promulgate any laws they want without consulting stake holders and get away with. The reason why banks are making huge profits is that cur ...
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  This is a country where anybody at the helm of affairs are Lords to themselves and can promulgate any laws they want without consulting stake holders and get away with. The reason why banks are making huge profits is that currently if you are an exporter your proceeds in foreign currencies are forcibly changed by the bank at their rate. When you insist on having usd they charge you 2.5% with the excuse you did not bank dollars so if you need it you would have to pay for it. What this is doing is that we exporters are getting discouraged. So if its is possible to sell the goods we export to some white man down here and receive our cedis why go through all the stress so that bank can benefit. The white man exports and keeps him foreign exchange together with the profits we would have made on the exchange rate in his country. Ghana gets less foreign currencies defeating the very essence of not giving people foreign currencies, decreasing the value of our cedi the more. Another sad aspect of the story is that in Ghana when you get letters of credit, you would still need to provide collateral to the bank. so my question is if the banks wont help us in our bid to export why should they benefit when our proceeds come. Couldn't BOG exclude exporters from those being deprived of foreign currencies. Well?

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• messa 12 years ago

  "YOU CAN HAVE BANKS OR YOU CAN HAVE LIBERTY: NO SOCIETY WILL EVER HAVE BOTH"
  *****DO NOT TRUST THE BANKERS AND THEIR FRAUD WATCH OUT FALKS*******

  "YOU CAN HAVE BANKS OR YOU CAN HAVE LIBERTY: NO SOCIETY WILL EVER HAVE BOTH"
  *****DO NOT TRUST THE BANKERS AND THEIR FRAUD WATCH OUT FALKS*******

  reply
• Marion 12 years ago

  it's only in Ghana that success is labeled a crime

  it's only in Ghana that success is labeled a crime

  reply
• DANIEL 12 years ago

  THE BANKS IN GHANA ARE TOO MUCH PROFIT MINDED THEY ARE SUCKING THE BLOOD OF CUSTOMERS WITH
  HIGH CHARGES. OUR ECONOMICS SHOULD DO
  SOMETHING NOW AIM SERIOUS.

  THE BANKS IN GHANA ARE TOO MUCH PROFIT MINDED THEY ARE SUCKING THE BLOOD OF CUSTOMERS WITH
  HIGH CHARGES. OUR ECONOMICS SHOULD DO
  SOMETHING NOW AIM SERIOUS.

  reply
• DANIEL 12 years ago

  CIVIL SOCIETY SHOULD ARISE AND SPEAK ABOUT IT. THE TUC SHOULD ACT NOW

  CIVIL SOCIETY SHOULD ARISE AND SPEAK ABOUT IT. THE TUC SHOULD ACT NOW

  reply