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06.11.2019 Business & Finance

Akufo-Addo Ask BoG Governor To Take Second Look At Bank Rate

By News Desk
Akufo-Addo Ask BoG Governor To Take Second Look At Bank Rate
NOV 6, 2019 BUSINESS & FINANCE

President Akufo-Addo has urged the Governor of the Bank of Ghana (BoG) to take a second look at the current prevailing interest rate.

For him, the over 20 percent rate banks lend to individuals and entities is on the high side and discourage many from venturing into productive business.

Addressing the first ever government CEO forum, the president outlined a seven-point pillars government has adopted to address the concerns of the private sector and make them competitive.

He described as safe and sound the state of Ghana’s banking sector after the recent clean up by the central bank.

More soon.

---Myjoyonline.com

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