Tag Archives: INTEREST

Apart from the high cost of doing business in Ghana, another major challenge the business community faces is the high interest rates on loans acquired from financial institutions. Despite bemoaning how this particular problem – high interest rates – keeps having dire consequences on their business, the government has done …

  Former Member of Parliament’s Constitutional and Legal Committee, Inusah Fusieni, has shotdown attempts by critics to downplay the importance of the Office of the Special Prosecutor (OSP) in the fight against corruption. According to him, the OSP has a unique mandate of fighting corruption and corruption-related offenses. He said …

The Director of Business Operations at Dalex Finance, Joe Jackson, has bemoaned the high-interest rates on treasury bills in recent times. According to him, it does not make economic sense for the government to be borrowing at such high rates while investors also lend at such high rates. He said …

Ex-Black Stars skipper, Asamoah Gyan, has not expressed interest in contesting for the Bortianor Ngleshie Amanfro seat, Member of Parliament Sylvester Tetteh has confirmed. The MP, in an interview with Hello FM, stressed that Gyan has denied earlier claims that he wanted to run for Parliament on the ticket of …

Arsenal midfielder Thomas Partey is attracting attention from AS Monaco, according to reports. The Ghana international’s representatives are reportedly working on a potential summer departure, as stated by The Athletic. It has been revealed that there is interest from Saudi Arabia in the former Atletico Madrid midfielder, who is currently …

This week the government secured GH¢2.57 billion from the sale of treasury bills in the auction on May 5, 2023. The auction saw an oversubscription of GH¢733.79 million even though interest rates have been rising. The target for this week’s auction was GH¢1.83 billion. Also, interest rates have increased to …

The Chief Executive Officer of the Consumer Protection Agency, Kofi Owusu Hene, a.k.a. Kofi Kapito, has bemoaned the current state of his party, the ruling New Patriotic Party (NPP). Speaking in a Neat FM interview monitored by GhanaWeb, Kofi Kapito accused the party’s leadership and council of elders of looking on unabated as …

Popular Nigerian female relationship and mental expert, Blessing CEO, has given new relationship advice to men in her latest video, where she advised that men should stop doing some certain things for women that have yet to commit to them. She revealed that a lot of men are the ones who have spoilt women …

Amid rising interest rates on the money market, Chief Executive Officer of Letshego Ghana, Arnold Parker, has revealed that interest rates on Qwikloans will increase in the coming weeks. Qwikloan, an innovative financial solution by Letshego Ghana and MTN Mobile Money (MoMo), provides short-term, unsecured, quick and convenient loans to …

Ghana currently has the interest rates among top 11 African countries according to DataBank’s Weekly Fixed Income Update. The 91-day and 182-day treasury bills with interest rates of 18.23% and 19.26% rates respectively are the highest on the continent. Despite the high-interest rates, the Treasury bill rates in the country …