If you borrow GhC100,000 to do business and alone takes 30% which is GhC30,000, then the only way to survive is when your gross profit is above 100%, and what business can earn you 100% gross profit?
The 30% interest doesn ... read full comment
If you borrow GhC100,000 to do business and alone takes 30% which is GhC30,000, then the only way to survive is when your gross profit is above 100%, and what business can earn you 100% gross profit?
The 30% interest doesn't consider employee salaries, taxes, administrative expense and all that - woow! 30% interest is really tough and unrealistic.
MENSAH 12 years ago
ONE CAN FIGHT FOR A BARGAI WHEN GOING FOR A LOAN IN THE BANK.
THE BANK NEEDS YOU JUST AS YOU NEED THEM.WITHOUT YOU,THEY CANNOT OPERATE,PERIOD.
THEREFORE,WHENEVER YOU WANT TO GO FOR A LOAN,SIT DOWN WITH THE TOPMOST BOSS.LET ... read full comment
ONE CAN FIGHT FOR A BARGAI WHEN GOING FOR A LOAN IN THE BANK.
THE BANK NEEDS YOU JUST AS YOU NEED THEM.WITHOUT YOU,THEY CANNOT OPERATE,PERIOD.
THEREFORE,WHENEVER YOU WANT TO GO FOR A LOAN,SIT DOWN WITH THE TOPMOST BOSS.LET HIM KNOW YOUR OPERATION.SHOW HIM WHAT YOU MAKE AND STRIKE A BARGAIN/DEAL WITH HIM,TO SEE HOW WELL HE CAN BITE:TEST HIS PULSE.
YOU NEVER KNOW,THEY WOULD BOW,BECAUSE THEY DO NOT WANT TO LET YOU GO,ESPECIALLY,IF THEY FIND YOUR BUSINESS PROPECTIVE.
DON'T FEAR THE BANK MANAGER.HE IS A HUMAN BEING,LIKE YOU.
AT LEAST,IT WILL BE WORTH TRYING,EVEN IF YOU ARE TURNED DOWN.
BUT I CAN ASSURE YOU,DON'T PAY THE FULL VALUE OF THE BANK RATE,BUT FIGHT FOR A DEAL,AND YOU MIGHT BE SURPRISED,YOU COULD WIN.
A WORD TO THE WISE IS ENOUGH.
OSBON 12 years ago
NDC CAN'T DO ANY THING RIGHT. PERIOD.
NDC CAN'T DO ANY THING RIGHT. PERIOD.
Professor A.B. Assensoh 12 years ago
Daasebre Oti Boateng, as a professional statistician, knows what he is talking about! I applaud his call for the BoG, and Finance Ministry meeting.
Daasebre Oti Boateng, as a professional statistician, knows what he is talking about! I applaud his call for the BoG, and Finance Ministry meeting.
NANA KWADWO ADUSEI 12 years ago
If I was the writer or journalist for this article ,I would have started like this:-
Omanhene of the New Juaben Traditional Area . Daasebre Nana Oti Boateng .Formerly known in private life as Professor Emeritus or, also kn ... read full comment
If I was the writer or journalist for this article ,I would have started like this:-
Omanhene of the New Juaben Traditional Area . Daasebre Nana Oti Boateng .Formerly known in private life as Professor Emeritus or, also known as Professor Emeritus.
Nana ,I am sorry for this but thanks for your comment on high taxes.
If you borrow GhC100,000 to do business and alone takes 30% which is GhC30,000, then the only way to survive is when your gross profit is above 100%, and what business can earn you 100% gross profit?
The 30% interest doesn ...
read full comment
ONE CAN FIGHT FOR A BARGAI WHEN GOING FOR A LOAN IN THE BANK.
THE BANK NEEDS YOU JUST AS YOU NEED THEM.WITHOUT YOU,THEY CANNOT OPERATE,PERIOD.
THEREFORE,WHENEVER YOU WANT TO GO FOR A LOAN,SIT DOWN WITH THE TOPMOST BOSS.LET ...
read full comment
NDC CAN'T DO ANY THING RIGHT. PERIOD.
Daasebre Oti Boateng, as a professional statistician, knows what he is talking about! I applaud his call for the BoG, and Finance Ministry meeting.
If I was the writer or journalist for this article ,I would have started like this:-
Omanhene of the New Juaben Traditional Area . Daasebre Nana Oti Boateng .Formerly known in private life as Professor Emeritus or, also kn ...
read full comment