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Don’t blame us for high lending rates – Bankers

The Ghana Association of Bankers, has disputed claims that the high interest rates they charge their customers is a disincentive to economic growth.

There have been concerns that the low rates of inflation and macro stability is not reflecting in the interest rates.

Speaking to GBC’s Radio Ghana, the President of the Association, Asare Akuffo, urged government to improve the address and identification systems to allow for easy identification of customers to reduce bad debts.

GBC NEWS


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