Ghana's banks close ranks against telcos

Read Comments Comments (3)

• Cant_Pay_and_Wont_Pay 7 years ago

  The traditional banking system is not serving the interest of the modern Ghanaian.
  
  Ghanaians are clever and have been seeking opportunities to enhance their banking needs and reduce their loan rates, if one has to take a l ...
  read full comment

  The traditional banking system is not serving the interest of the modern Ghanaian.
  
  Ghanaians are clever and have been seeking opportunities to enhance their banking needs and reduce their loan rates, if one has to take a loan.
  
  The traditional banks are beginning to panic because of the telecoms intervention. The loan rate offered by telecoms are lower than the typical traditional banks.
  
  Loans of a telecoms user are generally small. The traditional bank will subject a loan applicant to sometimes unnecessary paper work and outright rejection that it is not worth the hassle.
  
  Telecoms money are hare to stay and I wish them to succeed and eventually force the traditional banking system to re-examine their banking practices.

  reply
• Objatinka 7 years ago

  Analysing the report one can logically conclude that the banks are not calling for an elimination of Telecoms money however they are requesting that they do so within the legal remit. It is a call on BOG to step in with a mor ...
  read full comment

  Analysing the report one can logically conclude that the banks are not calling for an elimination of Telecoms money however they are requesting that they do so within the legal remit. It is a call on BOG to step in with a more comprehensive legal or supervisory policy to monitor the activities of Telecoms in the Financial services.

  reply
• Kwame 7 years ago

  240%??? p.a? BOG do Something

  240%??? p.a? BOG do Something

  reply