“The rule is geared at making banks lend,” Kunle Ezun, an analyst at Ecobank Transnational Inc in Lagos has said by phone.
Kunle Ezun added, “It is to encourage banks to move funds to areas the central bank wants to drive growth.”
Banks are reluctant to lend with the economy struggling to recover from a 2016 contraction, double-digit inflation and the lure of buying government bonds that pay average yields of 14.2%.
—Bloomberg
We’ll protect state wealth from opaque deals – Prof Jane Naana
Mauritania president says running for second term in June polls
I won't ever say I was a mere driver’s mate' — Prof. Opoku-Agyemang
2024 polls: 'EC struggling to defend credibility'— Prof. Opoku-Agyemang
Akufo-Addo gov't's 'greed, unbridled arrogance, unrestrained impunity, sheer dis...
Election 2024: Ghana needs an urgent reset, a leadership that is inspiring – Ma...
Partner NDC to rollout a future of limitless prospects – Prof Jane Naana Opoku-A...
NPP will remain in gov’t till Jesus comes — Diana Asamoah
Sunyani Technical University demands apology from former SRC president over sex-...
'Dumsor' was resolved by Mahama but ‘incompetent' Akufo-Addo has destroyed the g...
