Tag Archives: rates

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 …

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 …

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 government of Ghana will in the year 2023 intensify the collection of property rates as a way of expanding its tax revenue for development, Majority Leader in Parliament has hinted According to Hon Osei Kyei-Mensah-Bonsu who is also the Minister for Parliamentary Affairs, the move by government is to …

Jack Dorsey, the co-founder and former CEO of Twitter is a man of few words who can’t hide his love for everything Ghanaian. Earlier this week, the American Internet entrepreneur announced that he was revisiting Ghana after his last experience. “Finally back in Ghana,” he tweeted on December 5. Although …

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 …

Assin Central Member of Parliament, Kennedy Agyapong has revealed that despite being in charge of several businesses, he does not take bank loans. According to him, the sole reason for that posture is because of the ridiculous nature of interest rates charged by the banks. Addressing students of the University of Professional Studies …