Ghana tops interest rates ranking in Africa

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• nana 11 years ago

  know wonder there is mass rush of opening banks in ghana
  they are the one destroying our enconomy whereby making businessmen suffer higher interest rate.

  know wonder there is mass rush of opening banks in ghana
  they are the one destroying our enconomy whereby making businessmen suffer higher interest rate.

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• KQ 11 years ago

  Higher interest is good for investors. This has nothing to do with borrowing interst. They are two different things

  Higher interest is good for investors. This has nothing to do with borrowing interst. They are two different things

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• DAN 11 years ago

  a bank cannot loan at a interest rate lower than what its paying its investors( time deposit or saving) otherwise there is no profit unless the loans are underwritten by gov..like student loans in usa!

  a bank cannot loan at a interest rate lower than what its paying its investors( time deposit or saving) otherwise there is no profit unless the loans are underwritten by gov..like student loans in usa!

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• Okujeto Ablakwa 11 years ago

  Put it squarely on Bank of Ghana and Tekper's mismanagement under clueless Mahama

  Put it squarely on Bank of Ghana and Tekper's mismanagement under clueless Mahama

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• Goateater 11 years ago

  This yield rate is detrimental to the economy. No wonder the cedi is in a free fall, because the govt has to rely on national reserves and foreign aid to make up such interest yields. Are there any REAL Economists in Ghana? t ...
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  This yield rate is detrimental to the economy. No wonder the cedi is in a free fall, because the govt has to rely on national reserves and foreign aid to make up such interest yields. Are there any REAL Economists in Ghana? they need to stop this insanity.

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• KQ 11 years ago

  Actually we used to have a 38% yield rate a few years ago

  Actually we used to have a 38% yield rate a few years ago

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• wenluv 11 years ago

  why isnt it a good news...

  why isnt it a good news...

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• Goateater 11 years ago

  It is bad for all. Look at it this way: Ur family borrows $1 n promise to pay $1.25 in 90 days, tho u all know u cant make 25cents profit within that time. So u are forced to use ur family savings, or borrow, or beg to make t ...
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  It is bad for all. Look at it this way: Ur family borrows $1 n promise to pay $1.25 in 90 days, tho u all know u cant make 25cents profit within that time. So u are forced to use ur family savings, or borrow, or beg to make that payment. A vicious cycle is the unavoidable consequence, and goes to explain why countries like Ghana seem to be in perpetual poverty.

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• wenluv 11 years ago

  Is a good news for us who invest in the treasury bill...

  Is a good news for us who invest in the treasury bill...

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• Obenfo 11 years ago

  It may be good for you today because you invest in T'Bills, but think of it in longer terms. In the long run Ghana will default on its interest payment and the whole economy will crumble leaving you to loose your capital.
  
  ...
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  It may be good for you today because you invest in T'Bills, but think of it in longer terms. In the long run Ghana will default on its interest payment and the whole economy will crumble leaving you to loose your capital.
  
  Know that Ghana doesn't have a large Income Tax Base, so the little income the Country earns from export is used to pay high interest expense, so they have nothing left to live on afterwards.
  
  And the consequence is, Ghana may have to go for another loan they end-up going for another round of loans or treasuries to accrue new high interest.
  
  If this trend continues, it will reach a saturation point where the government can't pay its interests and principal. And, that will destroy confidence in the economy to attract even higher interest rate, yet investors may not be motivated to buy any more failed Ghanaian debts, and who loses? The whole Ghana including all investors.

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• DAN 11 years ago

  why was their boat seized in Tema port! because they defaulted!

  why was their boat seized in Tema port! because they defaulted!

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• Nemi Kwesi Nemi 11 years ago

  The research has 21.08 and 20.90 percent for 91-Day and 182-Day bills respectively.
  
  Only in Ghana will a shorter term's rate be higher than a long term's. Twisting ourselves big time,

  The research has 21.08 and 20.90 percent for 91-Day and 182-Day bills respectively.
  
  Only in Ghana will a shorter term's rate be higher than a long term's. Twisting ourselves big time,

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• DAN 11 years ago

  its safer of course to get your money out fast than linger for 1-5-10 years and see if country fails...

  its safer of course to get your money out fast than linger for 1-5-10 years and see if country fails...

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• JB Ansong 11 years ago

  Interest rates are ALWAYS a refecltion of inflation: the more stable a currency the less the interest rate.
  
  For instance a 7-year treasury bill in Germany won't yield more than 2% per annum, because the Euro is very stable ...
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  Interest rates are ALWAYS a refecltion of inflation: the more stable a currency the less the interest rate.
  
  For instance a 7-year treasury bill in Germany won't yield more than 2% per annum, because the Euro is very stable.

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• KQ 11 years ago

  Actually people who invest in western countries are cheated because their yield is usually lower than real inflation. Investing in emerging markets, your yield is always higher than inflation. 21% is about twice the real infl ...
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  Actually people who invest in western countries are cheated because their yield is usually lower than real inflation. Investing in emerging markets, your yield is always higher than inflation. 21% is about twice the real inflation. Also in Africa real inflation tends to be lower than reported inflation whereas in the west it is the opposite

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