The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has urged commercial banks to further reduce their lending rates to support businesses and stimulate economic growth.
Total Loans granted by Commercial Banks for the first half of this year hit almost 90 billion cedis, representing a marginal growth over last year’s numbers.
Beverage manufacturers are raising concerns over a sharp decline in sector tax revenues, attributing it to the rise in smuggled imports undermining legal sales.