Banks Fret Over Soaring Cost Of Doing Business In Ghana

Some banks in Accra say high electricity bills, rent, water bills and salaries of workers are impacting negatively on their businesses and ability to lend more. This was made known to the GNA on Tuesday, when it visited some banks to find out their expectations for the year started. Mr. Joseph Ashong, Business Manager, HFC Bank, noted the cost of doing business in Ghana was still high and wanted Bank of Ghana to introduce better policy rate and government intervention in the energy and oil ... Read More Read Full Story