You are here: Home → News → 2018 09 20 → Article 686482

More savings will push interest rate down – Bawumia

Read Article

Comments (26)

This article is closed for comments.

 
 
Comment to Article
09-20 13:21
 
 
 
Really? Our revered VP how can this be? You made so many promises in opposition and we believed you? Are the economic fundamentals still weak that requires all Ghanaians to save before we can tame the interest rates?

(click to comment on this comment)
Marquis
09-20 13:21
 
 
 
 
NOT TRUE HOW CAN THIS BE MR ECONOMIST. IS IT NOT THE OTHER WAY ROUND THAT HIGHER INTEREST RATES ENCOURAGE MORE SAVINGS. THE RECENT INCREASE IN US TREASURY RATES SAW THE WORLD MOVING ITS INVESTMENT THERE. OH BAWUMIA. AS FOR THIS ONE I

(click to read full comment or to comment on this comment)
DON HARRY
09-20 13:38
 
 
 
 
 
npp = nkwasiafuo people's party ampa STUPID IDIOTIC NPP government, it's da fundamentals of da economy which is very very very WEAK

(click to comment on this comment)
Aponkye
09-20 23:47
 
 
 
Re: More savings will push interest rate down – Ba How can people save if they can bearly feed once a day. U guys are up there enjoying and eating Ghana money nyanfu nyanfu and u think all is well. I don’t blame u shall. Continue spewing garbage, we Ghanaians will rise up o

(click to read full comment or to comment on this comment)
Dave
09-20 13:49
 
 
 
The truth!! Mr. VP your analysis is a necessary reason for high interest rate in Ghana, however, it is not sufficient in explaining the full scope of the raison d'être of interest changes (in this case high) in the country. Your assessm

(click to read full comment or to comment on this comment)
Kofi A.N
09-20 13:51
 
 
 
Reason for Menzgold's trouble This is the main reason why they wana shut menzgold down. People no longer save with the banks so killing menzgold will free more money for savings. Ghana for u

(click to comment on this comment)
KK
09-20 14:04
 
 
 
 
Ignorance and illerate argument Let us reason and stop this illiterate argument Menzgold is a ponzu scheme. It will show up next three weeks when because no deposit he will not be able to get money to pay the interest or dividends of its depositors

(click to comment on this comment)
Knimo
09-20 16:05
 
 
 
we dont trust banksters forget it bawumia

(click to comment on this comment)
George
09-20 14:51
 
 
 
More people must save, - Bawumia U don't know what you are saying mr vice president. How many Ghanaians are working and how much are they taking home. How much of this is let over to be saved? This cam only happen theoretically but not practocally

(click to comment on this comment)
Miracle
09-20 14:59
 
 
 
Re: More savings will push interest rate down – Ba How do you encourage savings when at the same time there is no trust in the banks due to the banking crisis.? Look at what menzgold is doing and bank of Ghana is looking at them?

(click to comment on this comment)
Kofi
09-20 15:09
 
 
 
Re: More savings will push interest rate down – Ba There is financial instability in the country. The cleansing in the banking sector should have been done slowly, say in space of two years. In the face of collapsing of banks u don't expect us to be saving. Unicredit, first

(click to read full comment or to comment on this comment)
kooob
09-20 15:16
 
 
 
Re: More savings will push interest rate down – Ba You are taxing everything out of peoples hand so how exactly will savings increase ????

(click to comment on this comment)
Papa J
09-20 15:32
 
 
 
Re: More savings will push interest rate down – Ba Our resident genius is now a court jester. People save when they have money to save.

(click to comment on this comment)
20/20
09-20 15:49
 
 
 
More savings from where? I think you should be quiet as advised by your wife and rather go into action mode. The talking is way too much, stop scratching your balls, sir. Where would the money come from to save. You've got to be kidding.

(click to comment on this comment)
Concerned Citizens of the US
09-20 18:23
 
 
 
WE CANT TRUST BANKSTERS IN GHANA THEY ARE ALL THIEFS

(click to comment on this comment)
KEN AGYAMPOG M.P
09-20 19:01
 
 
 
I am worried I now understand the big problem we are all in as a country. Savings is very very bad. Cash must work 24/7 not save but save money like gold and etc but seriously not cash

(click to comment on this comment)
Kwasi Kokuro
09-20 19:45
 
 
 
Better Shup up! He's still talking theory. So, so book knowledge, no practical!

(click to comment on this comment)
Naa
09-20 20:24
 
 
 
Re: More savings will push interest rate down – Ba ......he is still the best economist we ever had.

(click to comment on this comment)
DA
09-20 22:42
 
 
 
How can you save If you don’t have the money.low wages and unemployment,closing of banks

(click to comment on this comment)
Knockout
09-21 00:41
 
 
 
Bawumia and interest rates I think opposition is good for our VP. I think the explanations can be better if he was to be in opposition. He is becoming too theoretical

(click to comment on this comment)
Citizen V
09-21 01:00
 
 
 
Wrong Move The biggest mistake was closing down the banks, and without any impunity. To gain the trust of people, especially our market women to save at any bank would take sometime

(click to comment on this comment)
BabaMusa
09-21 01:37
 
 
 
Arrestting the Dollar This foolish is still talking he will not keep his trap shut , what kind of person is this the more you open your mouth the you give your mess up for us to see truly who you are . listen to your wife ok.

(click to comment on this comment)
sure
09-21 02:41
 
 
 
 
Re: Arrestting the Dollar For people to take their hard earned money to the bank, they have to trust the banking system and the whole institutions of government. There should be transparency every where. This does not exist in our country Ghana. Mr VP

(click to read full comment or to comment on this comment)
YAS
09-21 03:22
 
 
 
WHAT A SHOCK! Shaking my head (smh)...I think this is the most failed government in the history of Ghana. I'm very much disappointed in the NPP government. Indeed, potesrity has judged. How can an economist like your calibre put the abo

(click to read full comment or to comment on this comment)
KOJO
09-21 11:29
 
 
 
Blame NDC always Your excellency, anytime the economic gains are negative, simply blame the NDC! Anything that you fail to do for Ghana is because the NDC exist. Ban the party NPP hates and Ghana will have no developmental challenges. Me thin

(click to read full comment or to comment on this comment)
PigmyNanaPresident
09-22 15:58
 
 
 
 
Wait who to save what where?? NPP lovers should be the first to save in Ghana's incompetent banks to save Nana and Bawumia! I think NDC can wait for their turn to save after 2090 when NPP hands over

(click to comment on this comment)
PigmyNanaPresident
09-22 16:01