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 rate ... 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 rate. The government should force the Bank of Ghana to reduce the interest rate with immediate effect. This Shylock interest rate should be eliminated with immediate effect. Ghanaian businessmen and women have suffered long enough from this unbearable interest rate. Give us a break!! The bankers have linked up with the politicians to ensure that this huge interest rate never goes away while other African countries have significantly lower interest rates. Shame on you NPP and NDC politicians for allowing this interest rate to remain. I hope one day companies and the TUC will launch a coordinated campaign against this interest rate that virtually kills businesses. Together as Ghanaians whether NDC or NPP, male or female, young or old; lets fight this lethal interest rate until the politicians and bankers reduce it to an acceptable level.
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 rate ...
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