Nana Poku, the General Secretary of the Traders Advocacy Group Ghana, has urged the Monetary Policy Committee to consider reducing the policy rate in order to lower borrowing costs for traders.
Mr. Poku emphasized that a policy rate cut by the MPC would allow businesses to access loans at more affordable rates, stressing the importance of the committee prioritizing the welfare of Ghanaians.
“Every decision we take there directly comes to us, and it manifests itself in driving and everything. So we are urging them to put the interest of Ghanaian at a higher level and make sure that if we scale down the policy read down for commercial banks to borrow from the central bank so that we, the business community, could also go to the bank and borrow team to do business.”
” That grows the economy. If not, it’s quite difficult nowadays to even start a business in their country. The difficulties in Ghana is becoming more complex and expecting them to take decisions that will affect the indigenous in a positive way, not I get you free. “
