Parliament Expresses Concern About High Interest Rates

Parliament has charged the Bank of Ghana to institute appropriate measures to compel commercial banks to reduce their lending rates to borrowers. According to the House, it was unacceptable for banks to charge exorbitant interest rates while the Monetary Policy Committee of the BoG had substantially reduced its prime rate. A report by the Special Committee on Poverty Reduction Strategy on the Annual Progress Report (APR) on the Implementation of the Ghana Shared Growth and Development ... Read More Read Full Story