modernghana logo

FEATURED STORY I Had A Sweet Dream: The Special Prosecutor Retrieved Over Gh20 Billion!...

body-container-line

Private Sector Advisory Council must address the high cost of doing business - GCCI

myjoyonline
5 September 2012 | Business & Finance

One key issue the Private Sector Advisory Council must focus on is the high cost of doing business in the country.

That's the strong appeal from the Chamber of Commerce and Industry.

The yet-to-be inaugurated advisory council to be chaired by President Mahama is to expedite action on addressing the challenges of the private sector.

President of the Chamber, Seth Adjei-Baah is urging the council to imperatively address the issue of high interest rates.

“The banks as charging as high as between 33 and 36 percent interest compared to the global level of less than 10 percent. How do you compete with such global companies when our banks are not even giving us long and medium term facilities. Other core issues are the exchange rate and the cost of electricity and water among others” he said.



Story by Emmanuel Agyei / Paa Kwesi - Joy Business

Do you have a story for publication? Please email it to [email protected]

More Business & Finance

quot-img-1Love is the only true instrument you can climb the highest mountain with,without watching your back.

By: Sir Abonyi Kwesi Sam quot-img-1

Inter Bank Rates

Currency Buying Selling
U.S Dollar4.24634.2505
Euro4.75404.7577
Pound Sterling5.53085.5380
Swiss Franc4.35844.3610
Canadian Dollar3.13613.1384
S/African Rand0.32090.3211
Australian Dollar3.16143.1677
body-container-line