Why not? The global banking sector is driven by manipulation and self interest. We can do it if we really want it.
Why not? The global banking sector is driven by manipulation and self interest. We can do it if we really want it.
K Man 8 years ago
How can Ghana grow if the Banks and lenders are more concerned about their end of year profit margin rather than growing the economy? Small and medium sized companies are the rock on which economies grow so YOU DON’T kill ... read full comment
How can Ghana grow if the Banks and lenders are more concerned about their end of year profit margin rather than growing the economy? Small and medium sized companies are the rock on which economies grow so YOU DON’T kill off their life blood through crazy exorbitant loan rates. There are so many businesses with potential that need help so that they in turn can help Ghana.
Ghanaians cannot rely on government (to reduce bureaucracy) or the Banks (to provide reasonable lending rates) so maybe it’s time Ghanaians think outside of the box and look to how Ghanaians can fund Ghanaians. So this may be small scale/regional based cooperative or some form of sustainable funding for certain industries or sectors (sponsored by larger Ghanaian companies with capital to spare). Or even a Diasporan fund where Ghanaians or others can fund companies in exchange for future stakehold or purely altruristic reasons.
One thing for sure is that only wealthy Ghanaians or big companies can flourish in Ghana without change and we cannot wait on or trust government (create business friendly environment) or the Banks (realistic interest rates) to change their ways
solo 8 years ago
K many. I will vote for u if you are appointed an MP. I bet u. My fear is, if u don't become fuckups like well meaning Ghanaians become under bad leadership. It takes Godliness and the word of God
K many. I will vote for u if you are appointed an MP. I bet u. My fear is, if u don't become fuckups like well meaning Ghanaians become under bad leadership. It takes Godliness and the word of God
Humanity 8 years ago
The Macroeconomics of the land is being mismanaged by the Gov't of the day; it's as simple as that.
Commercial Banks have no choice than to increase their RATES anytime the BASE RATE moves up. Banks borrow from the Bank of t ... read full comment
The Macroeconomics of the land is being mismanaged by the Gov't of the day; it's as simple as that.
Commercial Banks have no choice than to increase their RATES anytime the BASE RATE moves up. Banks borrow from the Bank of the LAND.
K Man 8 years ago
Ghana's interest rates have always been relatively high even at times when the macroeconomics of the country were far better than know (2007 - 2011). The issue is waste in the system through inefficient costs/spend by governm ... read full comment
Ghana's interest rates have always been relatively high even at times when the macroeconomics of the country were far better than know (2007 - 2011). The issue is waste in the system through inefficient costs/spend by government and the weak regulatory focus in the banking sector.
These won't change "overnight" in Ghana. This is why I am saying that Ghanaians cannot rely on government or the banks. Not to absolve them but so that Ghanaians become focused on doing more than waiting for God or some other force to help the country.
Sam B 8 years ago
We hope things get better than this. Businesses are suffering. I think the government can do better. Meanwhile you can review businesses on www.fremeo.com
We hope things get better than this. Businesses are suffering. I think the government can do better. Meanwhile you can review businesses on www.fremeo.com
Humanity 8 years ago
Yes they can d better; the QUESTION is are they CAPABLE? After 7yrs one wonders
Yes they can d better; the QUESTION is are they CAPABLE? After 7yrs one wonders
Why not? The global banking sector is driven by manipulation and self interest. We can do it if we really want it.
How can Ghana grow if the Banks and lenders are more concerned about their end of year profit margin rather than growing the economy? Small and medium sized companies are the rock on which economies grow so YOU DON’T kill ...
read full comment
K many. I will vote for u if you are appointed an MP. I bet u. My fear is, if u don't become fuckups like well meaning Ghanaians become under bad leadership. It takes Godliness and the word of God
The Macroeconomics of the land is being mismanaged by the Gov't of the day; it's as simple as that.
Commercial Banks have no choice than to increase their RATES anytime the BASE RATE moves up. Banks borrow from the Bank of t ...
read full comment
Ghana's interest rates have always been relatively high even at times when the macroeconomics of the country were far better than know (2007 - 2011). The issue is waste in the system through inefficient costs/spend by governm ...
read full comment
We hope things get better than this. Businesses are suffering. I think the government can do better. Meanwhile you can review businesses on www.fremeo.com
Yes they can d better; the QUESTION is are they CAPABLE? After 7yrs one wonders