Banks cut credit lines as bad loans rise

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• United Ghana 10 years ago

  Clear evidence of the failure of Mahama's economic policies & management, but, it doesn't stop him going around the country making promises which will only exacerbate the economic crisis. Ghana is in big economic trouble.

  Clear evidence of the failure of Mahama's economic policies & management, but, it doesn't stop him going around the country making promises which will only exacerbate the economic crisis. Ghana is in big economic trouble.

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• Guru 10 years ago

  The essence of banking is to help business grow. Why not advise Businesses (manufacturers .....) to equally invest in treasury bills

  The essence of banking is to help business grow. Why not advise Businesses (manufacturers .....) to equally invest in treasury bills

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• Willie 10 years ago

  so we have only political commentators in ghana

  so we have only political commentators in ghana

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• Obrefo 10 years ago

  Collectively, the banks have turned deaf ears to the cry of the people and business men and women because the policy of this criminal corrupt incompetent looting regime of BORROW, CREATE, LOOT and SHARE was to their benefit. ...
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  Collectively, the banks have turned deaf ears to the cry of the people and business men and women because the policy of this criminal corrupt incompetent looting regime of BORROW, CREATE, LOOT and SHARE was to their benefit. The forget they do business in Ghana. Finally, the chicken are coming home to roost. They're not operating on an island after all where they are immuned from the economic mess created by the incompetent Mahamah regime and his gang of thieves parading as political leaders. The banks never raised a word of the criminal activities perpetrated on Ghanaians by Bank of Ghana because they inure to their benefit in the short run. The leaders just raise to the lending rates to the banks to 26% but not a word from these banks making criminal profits from the actions of BOG. Businesses are collapsing under the pressure of DUMSOR and high interest rates. Businesses are borrowing from you at 30 to 45% interest rate. Compounding with DUMSOR causing economic difficulties how are they going to pay you back? People and businesses should stop paying their loans because 30 to 45% interest rate in not only wicked but criminal period.

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