IMF bailout to deal fatal blow to businesses

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• Anago Gbemisola 9 years ago

  It is about time Ghanaians start to be innovative to propel the national economy and stop blowing the fuse.

  It is about time Ghanaians start to be innovative to propel the national economy and stop blowing the fuse.

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• K Man 9 years ago

  It's time the brains in ghana or business people themselves come together in a forum to understand how capital can be accessed.
  
  There could be some form of community investment scheme where (as in the UK) diasporans, or an ...
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  It's time the brains in ghana or business people themselves come together in a forum to understand how capital can be accessed.
  
  There could be some form of community investment scheme where (as in the UK) diasporans, or anyone who wants to invest in a local business (subject to the appropriate legal agreements and flexible regulations) can invest/capitalise in businesses that require are either already successful and therefore need economies of scale or start ups that have the potential to grow sustainably.

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• K Man 9 years ago

  No where do you get 30% interest rate charge, the cost of credit is squarely down to the greed of the Banks in Ghana.
  
  Business require capital to grow regardless of the IMF impact how would normally businesses afford a 30 ...
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  No where do you get 30% interest rate charge, the cost of credit is squarely down to the greed of the Banks in Ghana.
  
  Business require capital to grow regardless of the IMF impact how would normally businesses afford a 30% loan.
  
  Laziness is killing Ghana. Banks not being innovative and too much importing for buy and sell.

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• Hovah 9 years ago

  The interest rate is way too much. I was just contemplating of borrowing money from the banks down there to build a four story apartment building but might have to think twice about that. 30% rate is a highway robbery

  The interest rate is way too much. I was just contemplating of borrowing money from the banks down there to build a four story apartment building but might have to think twice about that. 30% rate is a highway robbery

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• Ilunga 9 years ago

  If government borrows to give back to people who only spend it on imported consumer goods, then we are making mockery of tight monetary policy. Government should channel the borrowed money to Research and development into tot ...
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  If government borrows to give back to people who only spend it on imported consumer goods, then we are making mockery of tight monetary policy. Government should channel the borrowed money to Research and development into total factor productivity and reducing population growth. This is slow but it will induce long term growth.
  
  Also what is the difference between Bank of Ghana's rate to the Banks and the interest rate the banks are charging? Why is it lucrative for the banks to keep interest rate so high?
  
  Th tight monetary policy is OK. If people have money to buy Government Treasury Bills, why are they not saving or investing in shares or lending to the business sector directly? Is it because in the quest of fighting inflation, government's rate of selling the Treasury bill are to high and is encouraging people to prefer that investment to investing in business?
  
  Fundamentally, something is wrong.

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• KWEKU MFANTSE 9 years ago

  Ilingu, I agree with you that, we should invest in Research & Development. But do we even apply the research results? We already have a host of research carried out in various facets with the results gathering dust in our lab ...
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  Ilingu, I agree with you that, we should invest in Research & Development. But do we even apply the research results? We already have a host of research carried out in various facets with the results gathering dust in our labs. We do not make any judious use of our research findings!!

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• Ilunga 9 years ago

  We do not implement research recommendations. The reason is the money that should be used for the implementation is used to pay people who would only demand foreign goods. It boils down to too many relying on government for t ...
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  We do not implement research recommendations. The reason is the money that should be used for the implementation is used to pay people who would only demand foreign goods. It boils down to too many relying on government for their livelihood ...

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