Place cap on interest rate - Spio tells BoG

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• Yaanom 8 years ago

  Ghana is not North Korea. You cannot dictate interest rates. It's the market that does based on supply and demand.
  
  What Govt can do is to identify strategic industries in terms of jobs or innovation and subside certain asp ...
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  Ghana is not North Korea. You cannot dictate interest rates. It's the market that does based on supply and demand.
  
  What Govt can do is to identify strategic industries in terms of jobs or innovation and subside certain aspects of those industries or alternatively provide some tax reliefs for them

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• John 8 years ago

  Garbrah, it seems you are the only NDC member who cares for the plight of borrowers and savers. Behind closed doors, the shareholders, some of them your party members, do not give a damn what happens to the economy so far as ...
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  Garbrah, it seems you are the only NDC member who cares for the plight of borrowers and savers. Behind closed doors, the shareholders, some of them your party members, do not give a damn what happens to the economy so far as they get high dividends from the banks and the financial institutions. You said you started last year trying to get BOG to put a cap on interest rate. There is no way the guys will listen to you though it is sensible thing to do. The advanced economies such as US, Germany,and UK have fixed their interest rates for all the financial institutions. But look at what is happening in Ghana ? Interest rate is skyrocketing making one wonder the sort of Ghana's economy being managed by BOG.

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• Odekro Yaw 8 years ago

  Hon. Spio congratulation for being frank on this issue. BoG is refusing to realise that business is abt innovations .if a bank can say maintain a certain deposit and get a house,a gold coin or to add four zeros to urn existin ...
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  Hon. Spio congratulation for being frank on this issue. BoG is refusing to realise that business is abt innovations .if a bank can say maintain a certain deposit and get a house,a gold coin or to add four zeros to urn existing acct what is wrong if others are offering high interest .B4 BoG waded into these micro finance institutions they were paying depositors the high interest they promised.I believe BoG fail to handling the issues well and the governer must resign. Hon. Spio Gaba thank you let those who have ears listen to urn wisdom

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• Odekro Yaw 8 years ago

  Hon. Spio Garbrah BOG will not listen to you bcos they are in bed with Papa Kwesi Nduom and some managers of some big banks all in an attempt to collapse these micro finance institutions.but this action would hunt NDC one da ...
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  Hon. Spio Garbrah BOG will not listen to you bcos they are in bed with Papa Kwesi Nduom and some managers of some big banks all in an attempt to collapse these micro finance institutions.but this action would hunt NDC one day. the Prez must be smart .go to the areas where these institutions were and find out from them how they hv benefited from their engagements with them.Uncles Ekow thank and tell the Prez "to scare a bird is not the best way to catch it"

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• Preps Fiadzigbe 8 years ago

  A good suggestion!!! But does this idea fit into Free Market Economy, Forces of Supply and Demand and many of our beloved economic theories?

  A good suggestion!!! But does this idea fit into Free Market Economy, Forces of Supply and Demand and many of our beloved economic theories?

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• His moronic drama troupe 8 years ago

  Dr inflation is at 17.5% and prime rate is 25%. How low can we bring interest rates to encourage borrowing for investment and to make it sustainable when these rates remain the same? Borrowers are bound to default or to fail

  Dr inflation is at 17.5% and prime rate is 25%. How low can we bring interest rates to encourage borrowing for investment and to make it sustainable when these rates remain the same? Borrowers are bound to default or to fail

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