Banks urged to offer better interest rates

Read Comments Comments (8)

• Kwadjoe, London 11 years ago

  Banks like all businesses will take full advantage of opportunities present in the economy.
  Your advice must go to govt through the bank of Ghana. The Bank of Ghana is urging the secondary banks to buy Treasury Bills with cu ...
  read full comment

  Banks like all businesses will take full advantage of opportunities present in the economy.
  Your advice must go to govt through the bank of Ghana. The Bank of Ghana is urging the secondary banks to buy Treasury Bills with customers deposits. In other words banks should fold their arms and make huge profit. ie IMF economies at work in Ghana

  reply
• tegare 11 years ago

  the ssolutions are simple,
  1. audit the reserve bank.
  2. introduce full reserve banking.

  the ssolutions are simple,
  1. audit the reserve bank.
  2. introduce full reserve banking.

  reply
• Ada Boy 11 years ago

  Interest rates will continue to be high as long as the nation's sovereign risk remains in the bottom of the pits.Commercial banks have to balance between the cost of wholesale funds and what they can to sell to the public. Ma ...
  read full comment

  Interest rates will continue to be high as long as the nation's sovereign risk remains in the bottom of the pits.Commercial banks have to balance between the cost of wholesale funds and what they can to sell to the public. Many Ghanaians have no bank accounts,we save very little for the banks to get the deposits required and have to rely heavily on foreign banks for their funds.Banks in the USA and other western nation can access cheap funds due to lower risk. It all comes back to our governments from the past present,we continue to borrow from the rest of the world for consumption at home.It is the job of government and stake holders to explain to the people why it is extremely expensive to borrow in money in Ghana than Singapore,Malaysia,USA,Austria or Norway and many more! And will they?

  reply
• daladam 11 years ago

  DONT FALL FOR THEIR TRAP THEY ARE HERE TO STEAL PEOPLE MONEY NOT TO INVEST IN GHANA ECONOMY OR OFFER LOANS TO BUSNISSES AT REASONABLE RATES
  THEY TAKE ,TAKE ,TAKE AND GIVE NOTHING BUT LIP SERVICE

  DONT FALL FOR THEIR TRAP THEY ARE HERE TO STEAL PEOPLE MONEY NOT TO INVEST IN GHANA ECONOMY OR OFFER LOANS TO BUSNISSES AT REASONABLE RATES
  THEY TAKE ,TAKE ,TAKE AND GIVE NOTHING BUT LIP SERVICE

  reply
• POPE 11 years ago

  CYPRUS IS COMMON EXAMPLE, WHY CUSTOMERS HAVE TO PAY FOR BANK DEFAULT IF GHANA DOESN'T HAVE MEASURES IN PLACE TO PROTECT CUSTOMERS BANKS ARE THIEVES, THEY WILL CONTINUE TO STEAL FRON POOR GHANAIANS CUSTOMERS.

  CYPRUS IS COMMON EXAMPLE, WHY CUSTOMERS HAVE TO PAY FOR BANK DEFAULT IF GHANA DOESN'T HAVE MEASURES IN PLACE TO PROTECT CUSTOMERS BANKS ARE THIEVES, THEY WILL CONTINUE TO STEAL FRON POOR GHANAIANS CUSTOMERS.

  reply
• ADABRAKA GBEKE 11 years ago

  GOD PUNISH ALL BANKS.CLIENTS BE WISE
  LETS FORM PRESSURE GROUPS TO LET THESE
  THIEVES FEEL WHAT SOME CLIENTS ALSO FEEL IN THEIR SKIN.
  IT´S A SHAME THEY USE OUR DEPOSITS TO
  MAKE PROFITS AND ROB US OF OUR BENEFITS.GOD WILL ...
  read full comment

  GOD PUNISH ALL BANKS.CLIENTS BE WISE
  LETS FORM PRESSURE GROUPS TO LET THESE
  THIEVES FEEL WHAT SOME CLIENTS ALSO FEEL IN THEIR SKIN.
  IT´S A SHAME THEY USE OUR DEPOSITS TO
  MAKE PROFITS AND ROB US OF OUR BENEFITS.GOD WILL PUNISH THEM

  reply
• DAN 11 years ago

  5% for car loan 6 year..This is in usa and how bad Ghana is stealing from their citizens..They should lower loan rates and raise deposit rates!

  5% for car loan 6 year..This is in usa and how bad Ghana is stealing from their citizens..They should lower loan rates and raise deposit rates!

  reply
• Watcher 10 years ago

  It is funny how in neighboring Burkina you can borrow money at 7%... it is less costly to borrow there, transfer the money in Ghana (and paying transfer taxes) and reimbursing from Ghana (and paying transfer taxes again)...

  It is funny how in neighboring Burkina you can borrow money at 7%... it is less costly to borrow there, transfer the money in Ghana (and paying transfer taxes) and reimbursing from Ghana (and paying transfer taxes again)...

  reply