I will bring interest rate down - Akufo-Addo assures traders in Accra

I will bring interest rate down - Akufo-Addo assures traders in Accra

President Nana Akufo-Addo has assured the business community that his government is doing everything possible to deal with the high interest rates charged by banks.

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According to the President, the Bank of Ghana is working tirelessly to remedy the phenomenon of high interest rates in order for businessmen and women to access loans to grow their businesses and inversely grow the nation's economy.

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The interest rates charged by banks which certainly is not in the interest of traders in our country is a very important issue to me. I have started talking with the Bank of Ghana and the bankers, I am hopeful that in no time, we will have some changes in that regard” Akufo-Addo said while addressing traders and the business community at Kantamanto, Makola and Okaishie on day two of his tour of the capital, Accra.

He also appealed to the traders who have locked up funds in the collapsed Microfinance companies to be patient with the government as it works hard to clear all debts owed them.

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On his part, Minister for Trade and Industry, Alan Kyeremanten, said traders were an important part of the economy and must be celebrated and cherished.

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Some people are out there to say all manner of things to get your minds twisted as far as the issues are concerned. Ignore them and keep faith with President Nana Addo Dankwa Akufo Addo because in due cause, things will take great shape,” Mr. Kyeremanten said.

YEN.com.gh earlier reported that Akufo-Addo has reiterated his government’s commitment to transform Ghana.

According to the NPP flag bearer, he did not win political power to lie to the people but to fulfill all the campaign promises he made in 2016.

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Source: Yen

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