Capping interest rates could be 'disastrous' - Frank Adu

Read Article

Comments (13)

This article is closed for comments.

Read Comments Comments (13)

Sinclear 7 years ago

capping interest rate is done all over the world and works good

capping interest rate is done all over the world and works good
t.k 7 years ago

It will be capped and nothing will happen,market needs to be regulated to check execess

It will be capped and nothing will happen,market needs to be regulated to check execess
Joe Afful 7 years ago

I agree with Mr Adu to some extent.
However,the best way to go about reducing the interest rate is for the Bank of Ghana to reduce their basic rate of interest , which I believe will some have effect on the banks to reduce t ...
read full comment

I agree with Mr Adu to some extent.
However,the best way to go about reducing the interest rate is for the Bank of Ghana to reduce their basic rate of interest , which I believe will some have effect on the banks to reduce theirs.
Edi 7 years ago

it is done in the usa ,Canada and other place and works good in fact it encourage competition and lead to law rates and real estate and development activities

it is done in the usa ,Canada and other place and works good in fact it encourage competition and lead to law rates and real estate and development activities
SBD 7 years ago

Not true....please capping interest rates will never encourage competition, please.

Not true....please capping interest rates will never encourage competition, please.
Sinclear 7 years ago

DONT TALK ABOUT SOMETHING YOU DONT UNDERSTAND

DONT TALK ABOUT SOMETHING YOU DONT UNDERSTAND
kwame 7 years ago

Is it not this same Man that Said the cedi would not depreciate to 4cedis.
Pls ask what the rate is ?
He benefits from this system so he is saying this to defend his interest.

Is it not this same Man that Said the cedi would not depreciate to 4cedis.
Pls ask what the rate is ?
He benefits from this system so he is saying this to defend his interest.
SBD 7 years ago

Hmmm...do you recall prayers for the cedi to appreciate? What happened? I just hope our policy makers don't tread where the road Kenya is walking. Capping interest rates will be disastrous.

All risk cannot be priced the sa ...
read full comment

Hmmm...do you recall prayers for the cedi to appreciate? What happened? I just hope our policy makers don't tread where the road Kenya is walking. Capping interest rates will be disastrous.

All risk cannot be priced the same!!
FACTUAL 7 years ago

WHERE IN THE PROSPEROUS WORLD ARE INTEREST RATES CAPPED? IN U.S.A.? JAPAN? GERMANY? WHAT IF BANKS REFUSE TO LEND TO THE CAPPED MARKET BUT READILY DO SO TO THE MORE PROFITABLE BLACK MARKET? GOVERNMENT MEDDLING IN BUSINESS HAS ...
read full comment

WHERE IN THE PROSPEROUS WORLD ARE INTEREST RATES CAPPED? IN U.S.A.? JAPAN? GERMANY? WHAT IF BANKS REFUSE TO LEND TO THE CAPPED MARKET BUT READILY DO SO TO THE MORE PROFITABLE BLACK MARKET? GOVERNMENT MEDDLING IN BUSINESS HAS NEVER WORKED FROM THE SOVIET UNION TO ZIMBABWE!!! CMB FOUND THE WAYS & MEANS TO LEND FINATRADE 18M GHc; WHY CAN'T GOVERNMENT, OTHER CASH-RICH PUBLIC INSTITUTIONS & RELEVANT EXPERTS IN DUE DILIGENCE WORK TOGETHER TO DIRECTLY SUPPORT THE PRODUCTIVE SECTORS WITHOUT OUR GREEDY DINOSAUR BANKS?
Nad Kiyosaki 7 years ago

What people should know is that interest rate is a function of many factors. If you cap it, how will the artificial price or interest rate account for the following; Cost of capital, loan loss provision, administrative cost o ...
read full comment

What people should know is that interest rate is a function of many factors. If you cap it, how will the artificial price or interest rate account for the following; Cost of capital, loan loss provision, administrative cost of the facility, inflation and profit on the loaned fund. The president is oblivious of these factors that is why he was talking like that. He should not go there.
Johnson 7 years ago

The banks do not manage their costs and the pass on their extravagant lifestyles on interest rates and still declare huge net profit year after year. The give loans to cronies and write off as bad debts. Let's cap the inter ...
read full comment

The banks do not manage their costs and the pass on their extravagant lifestyles on interest rates and still declare huge net profit year after year. The give loans to cronies and write off as bad debts. Let's cap the interest rate and manage the other factors prudently
Rogue Liar Bully Buffoon Jay Allen 7 years ago

So that you can charge any interest you soo wish. "Greedy bastards" courtesy of J J Rawlings. Why don"t you give your customers at least a rate half of the rate you lend money?

So that you can charge any interest you soo wish. "Greedy bastards" courtesy of J J Rawlings. Why don"t you give your customers at least a rate half of the rate you lend money?
Johnson 7 years ago

Are you following the discussion?

Are you following the discussion?

Capping interest rates could be 'disastrous' - Frank Adu

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (13)

Read Comments Comments (13)