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Gov’t urged to separate shea butter board from Cocobod

President of Upper East Regional House of Chiefs Naba Sigri Bewong, who is also a board member of the Savannah Accelerated Development Authority (SADA), has charged government to separate the Shea Butter Board from the Ghana Cocoa Board. The Paramount Chief of Sekoti explained that the merger between the two boards is hampering holistic growth of shea butter business in ...

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Banks reducing interests on deposits – BoG report

The Bank of Ghana’s latest Average Interests (IA) on deposits report released shows a decrease in the average minimum interests to be paid annually on deposits of customers’ funds logged at commercial banks in the country between May and September 2016. Figures from the central bank indicate a decrease from 12.3 percent to 12.2 percent. According to the report indigenous ...

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Banks’ average base rate increases to 27.8%

The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and advances by commercial banks in the country has increased marginally between May and September this year. The figure increased from 27.5 percent to 27.8 percent during the ...

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