Gov’t borrowing at 25% keeps interest rate high – Databank boss

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• Kwame 9 years ago

  Banks borrow at low cost and borrow the money to the state at a high cost. It is therefore better for the state to go and take the money from where the banks borrow to make her interest payment low.

  Banks borrow at low cost and borrow the money to the state at a high cost. It is therefore better for the state to go and take the money from where the banks borrow to make her interest payment low.

  reply
• Ghanaba 9 years ago

  This is where economists will say government should use its purchasing power to drive down the interest.
  it is a hard call and they are not sure if the banks will be willing to lend them money at 10% interest rate. But they ...
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  This is where economists will say government should use its purchasing power to drive down the interest.
  it is a hard call and they are not sure if the banks will be willing to lend them money at 10% interest rate. But they can at least try.

  reply
• Nana Adjapong NTRA SAKYI 9 years ago

  Banks do not borrow money to the government. Banks lend money to the government. The words borrow and lend are very different and are not synonymous.

  Banks do not borrow money to the government. Banks lend money to the government. The words borrow and lend are very different and are not synonymous.

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• koti-ye-aboa 9 years ago

  na wah ooooh

  na wah ooooh

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• jon 9 years ago

  Language is about communication, he used borrowing instead of of lending. I hope you understood him. We should stop making fun of people grammar. Even in the UK the english people dont correct other people grammar as we do in ...
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  Language is about communication, he used borrowing instead of of lending. I hope you understood him. We should stop making fun of people grammar. Even in the UK the english people dont correct other people grammar as we do in Ghana.

  reply
• asem beba dabi 9 years ago

  Thank you my brother.Some of us think that they are too educate.But at the end of the day we all serve to make a leaving.

  Thank you my brother.Some of us think that they are too educate.But at the end of the day we all serve to make a leaving.

  reply
• asem beba dabi 9 years ago

  Thank you my brother.Some of us think that they are too educate.But at the end of the day we all serve to make a leaving.

  Thank you my brother.Some of us think that they are too educate.But at the end of the day we all serve to make a leaving.

  reply