Address the falling cedi, its the problem. no policy will work without a stable currency. BoG move away from the floating exchange rate regime to the fixed exchange rate regime, we need a good currency for business.
Address the falling cedi, its the problem. no policy will work without a stable currency. BoG move away from the floating exchange rate regime to the fixed exchange rate regime, we need a good currency for business.
United Ghana 9 years ago
The cedi's problem is caused by our adverse balance of payments. That's what's got to be addressed eg by increasing exports significantly. Fixed rates would only lead to shortages & inflation & stifle business
The cedi's problem is caused by our adverse balance of payments. That's what's got to be addressed eg by increasing exports significantly. Fixed rates would only lead to shortages & inflation & stifle business
mr amin 9 years ago
@United ghana, we cant have a good export base without a stable currency. Weak cedi will make machines n production very expensive, i think we are willing to export more why are we not doing that? weak currency wont allow t ... read full comment
@United ghana, we cant have a good export base without a stable currency. Weak cedi will make machines n production very expensive, i think we are willing to export more why are we not doing that? weak currency wont allow that. Why charge importduties in dollers? its a factor. So stop blaming lack of export.
eugene 9 years ago
If you must be charged a high interest( such as the country of Ghana) your a bad credit risk and the bank should not loan you money or they could fast problems getting repaid..You can get car loans in USA right now for 2% fro ... read full comment
If you must be charged a high interest( such as the country of Ghana) your a bad credit risk and the bank should not loan you money or they could fast problems getting repaid..You can get car loans in USA right now for 2% from credit union..I payed 4.7% because i wanted 5 year loan to lower payments..The rates must be capped and even the fees for account maint...and overdraft if Ghana system allows you atm card to temp overdraw your account
Okai Brako 9 years ago
l appreciate the efforts of BoG. But the leakages in the system is too much. BoG should quickly do something because the burden on the faces of the citizens is killing.
l appreciate the efforts of BoG. But the leakages in the system is too much. BoG should quickly do something because the burden on the faces of the citizens is killing.
JACOB 9 years ago
IT A SHAME GHANA LEADERS KNOW THE PROBLEMS BUT YET IGNORE BECAUSE SOME ARE BENEFITING WHILES THE REST STRUGGLES. AS A RESULT THE GAP KEEP GETTING WIDER AND DOESN'T MAKE SENSE ECOMICALLY
IT A SHAME GHANA LEADERS KNOW THE PROBLEMS BUT YET IGNORE BECAUSE SOME ARE BENEFITING WHILES THE REST STRUGGLES. AS A RESULT THE GAP KEEP GETTING WIDER AND DOESN'T MAKE SENSE ECOMICALLY
Chief amankwa 9 years ago
Ok
Ok
Adwoa 9 years ago
To be quite honest the gov't has woefully failed in bringing down interest rates. Mahama must raise up his hands and admit it. He must also do something about it before it's too late. This is shambolic governance, not fit for ... read full comment
To be quite honest the gov't has woefully failed in bringing down interest rates. Mahama must raise up his hands and admit it. He must also do something about it before it's too late. This is shambolic governance, not fit for any purpose. Rise up Mahama in your slumber. The governor of bank of Ghana must be fired and a more competent person appointed.
eugene 9 years ago
or local laws..In USA most times its states the set laws for local banks! And the includes caps on interest rates
or local laws..In USA most times its states the set laws for local banks! And the includes caps on interest rates
Address the falling cedi, its the problem. no policy will work without a stable currency. BoG move away from the floating exchange rate regime to the fixed exchange rate regime, we need a good currency for business.
The cedi's problem is caused by our adverse balance of payments. That's what's got to be addressed eg by increasing exports significantly. Fixed rates would only lead to shortages & inflation & stifle business
@United ghana, we cant have a good export base without a stable currency. Weak cedi will make machines n production very expensive, i think we are willing to export more why are we not doing that? weak currency wont allow t ...
read full comment
If you must be charged a high interest( such as the country of Ghana) your a bad credit risk and the bank should not loan you money or they could fast problems getting repaid..You can get car loans in USA right now for 2% fro ...
read full comment
l appreciate the efforts of BoG. But the leakages in the system is too much. BoG should quickly do something because the burden on the faces of the citizens is killing.
IT A SHAME GHANA LEADERS KNOW THE PROBLEMS BUT YET IGNORE BECAUSE SOME ARE BENEFITING WHILES THE REST STRUGGLES. AS A RESULT THE GAP KEEP GETTING WIDER AND DOESN'T MAKE SENSE ECOMICALLY
Ok
To be quite honest the gov't has woefully failed in bringing down interest rates. Mahama must raise up his hands and admit it. He must also do something about it before it's too late. This is shambolic governance, not fit for ...
read full comment
or local laws..In USA most times its states the set laws for local banks! And the includes caps on interest rates