Banks charging far more interest rates than they offer depositors is nothing new. It is a universal trend. Perhaps no industry is profit conscious and greedier than the financial/banking industry. Banks will do anything to op ... read full comment
Banks charging far more interest rates than they offer depositors is nothing new. It is a universal trend. Perhaps no industry is profit conscious and greedier than the financial/banking industry. Banks will do anything to optimize their profits so that they can pay their top executives millions in bonuses and other compensations at the expense of ordinary folks, including low and medium level bank employees.
I guess greediness is the top hallmark of capitalism
DAN 10 years ago
the intern worked for 72 hours straight! they claim they take people home at 6am to shower and then right back to bank when it opens(all day & night job)...Tell me thats not greedy..where was the unions..Unless they could do ... read full comment
the intern worked for 72 hours straight! they claim they take people home at 6am to shower and then right back to bank when it opens(all day & night job)...Tell me thats not greedy..where was the unions..Unless they could do that because he was un paid or agreed to work those hours..But the bank will be sued
GHFUO, BE SERIOUS NOT PRIDEFUL! 10 years ago
EVE GH BANKS RUN BY DUMB MONKEYS WEARING SUITS N SITTING IN AC OFFICES STILL MAKE PROFITS. BANKS NEVER LOSE MONEY...THEY MAKE MONEY FROM SERVICE CHARGES, INTEREST ON LOANS, INVESTMNTS, ETC...
EVE GH BANKS RUN BY DUMB MONKEYS WEARING SUITS N SITTING IN AC OFFICES STILL MAKE PROFITS. BANKS NEVER LOSE MONEY...THEY MAKE MONEY FROM SERVICE CHARGES, INTEREST ON LOANS, INVESTMNTS, ETC...
tegare 10 years ago
there is a solution to all these predator banking activity. FULL RESERVE BANKING. end of story.
there is a solution to all these predator banking activity. FULL RESERVE BANKING. end of story.
DAN 10 years ago
interest rate for renewal on my time deposit in .25% in usa for 1 year term...Yet they charge 8-12% on credit cards. 4% on home loans and 5% on car loans with good credit.. But 25% plus ghana banks don't pay interest for firs ... read full comment
interest rate for renewal on my time deposit in .25% in usa for 1 year term...Yet they charge 8-12% on credit cards. 4% on home loans and 5% on car loans with good credit.. But 25% plus ghana banks don't pay interest for first year at some..Interest is compounded in usa so the minute you deposit you earn interest .25%..But if you use another banks atm there is $3 fee, write check with not enough money in account then $40 fee..plus some charge 10$ month maint. fee...Always best to use credit union in usa
KENASS 10 years ago
What is the Bank of Ghana (BoG) doing? Are they not supposed to have oversight responsibility over the commercial banks and therefore regulate their activities? Why can't the BoG fix a common interest rate for all the banks ... read full comment
What is the Bank of Ghana (BoG) doing? Are they not supposed to have oversight responsibility over the commercial banks and therefore regulate their activities? Why can't the BoG fix a common interest rate for all the banks in all spheres of their operations but allow each bank to do its own thing?
Bank of Ghana, please sit up!
christian montreal. 10 years ago
in fact I was overjoyed to read this article. tje government, and the bak of gaha should address these serious issue. this practice by the universal banks is outright profiteering and act of bankrupting and undermining the ... read full comment
in fact I was overjoyed to read this article. tje government, and the bak of gaha should address these serious issue. this practice by the universal banks is outright profiteering and act of bankrupting and undermining the ghanaaian economy. this pricing policing policies by the banks should be debated in the parliament so that proper governmental action must be taken. the government should regulate the banks in ghana. in fact there are too many banks operating in ghana. i do not know why the government has allowed so many banks to operate in ghanana. it appears that they all think there is plenty of money to be made by bankrupting the average citizens in ghana.
Banks charging far more interest rates than they offer depositors is nothing new. It is a universal trend. Perhaps no industry is profit conscious and greedier than the financial/banking industry. Banks will do anything to op ...
read full comment
the intern worked for 72 hours straight! they claim they take people home at 6am to shower and then right back to bank when it opens(all day & night job)...Tell me thats not greedy..where was the unions..Unless they could do ...
read full comment
EVE GH BANKS RUN BY DUMB MONKEYS WEARING SUITS N SITTING IN AC OFFICES STILL MAKE PROFITS. BANKS NEVER LOSE MONEY...THEY MAKE MONEY FROM SERVICE CHARGES, INTEREST ON LOANS, INVESTMNTS, ETC...
there is a solution to all these predator banking activity. FULL RESERVE BANKING. end of story.
interest rate for renewal on my time deposit in .25% in usa for 1 year term...Yet they charge 8-12% on credit cards. 4% on home loans and 5% on car loans with good credit.. But 25% plus ghana banks don't pay interest for firs ...
read full comment
What is the Bank of Ghana (BoG) doing? Are they not supposed to have oversight responsibility over the commercial banks and therefore regulate their activities? Why can't the BoG fix a common interest rate for all the banks ...
read full comment
in fact I was overjoyed to read this article. tje government, and the bak of gaha should address these serious issue. this practice by the universal banks is outright profiteering and act of bankrupting and undermining the ...
read full comment