High NPLs threaten BoG's minimum capital drive - IFS

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• James Yaw Donkor 8 years ago

  The interest rate on loans in Ghana is over 30% (the highest interest rate in the world). This is completely unacceptable; small and medium size companies that get these loans cannot repay due to the astronomical interest rat ...
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  The interest rate on loans in Ghana is over 30% (the highest interest rate in the world). This is completely unacceptable; small and medium size companies that get these loans cannot repay due to the astronomical interest rates. The government should force the Bank of Ghana to reduce the interest rate with immediate effect. This Shylock interest rate should be eliminated. Ghanaian businessmen and women have suffered long enough from the highest interest rate in the world. Give us a break!! The bankers have linked up with the politicians to ensure that this unbearable interest rate never goes away. Shame on you NPP and NDC politicians for not doing anything about this important issue that affects businesses and creates unemployment.
  I wish all companies and the TUC could start a campaign to reduce the interest rate.

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• JAY 8 years ago

  I don't agree with the Bank of Ghana forcing or making it mandatory for banks to increase their Capital, the Bank of Ghana must come out with more flexible options for different categories of banks,eg a bank which just wants ...
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  I don't agree with the Bank of Ghana forcing or making it mandatory for banks to increase their Capital, the Bank of Ghana must come out with more flexible options for different categories of banks,eg a bank which just wants to be a niche or specialist bank to engage in agriculture or housing must be given a different capital requirement from a bank which wants to be more generalised and engage in all economic sectors

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