The interest rate on loans in Ghana is over 30% (the highest interest rate in the world). This is completely unacceptable; small and medium size companies that get these loans cannot repay due to the astronomical interest rat ... read full comment
The interest rate on loans in Ghana is over 30% (the highest interest rate in the world). This is completely unacceptable; small and medium size companies that get these loans cannot repay due to the astronomical interest rates. The government should force the Bank of Ghana to reduce the interest rate with immediate effect. This Shylock interest rate should be eliminated. Ghanaian businessmen and women have suffered long enough from the highest interest rate in the world. Give us a break!! The bankers have linked up with the politicians to ensure that this unbearable interest rate never goes away. Shame on you NPP and NDC politicians for not doing anything about this important issue that affects businesses and creates unemployment.
I wish all companies and the TUC could start a campaign to reduce the interest rate.
The interest rate on loans in Ghana is over 30% (the highest interest rate in the world). This is completely unacceptable; small and medium size companies that get these loans cannot repay due to the astronomical interest rat ...
read full comment