Tonight on JoyNews, PM Express Business Edition took a close look at interest rate in the country and banking sector fraud.
This follows the Bank of Ghana's revelation that interest rates have assumed a downward spree for short-dated instruments, since the beginning of the year.
Real interest rates tipped in June due to the marginal uptick in inflation from 7.5% in May to 7.8% in April.
Also, the Bank of Ghana has revealed that total value of reported fraud cases in the banking industry witnessed substantial increase.
The losses incurred as a result of fraud for 2020, stood at GH¢25.40 million, as compared to an estimated loss of GH¢33.44 million in 2019, representing a 24.0% decrease.
Host, George Wiafe interacted with Chief Executive Officer (CEO) of Ghana Association of Bankers, John Awuah to discuss the challenges and the way forward following assurance from the President to do more to resolve the problems.
Latest Stories
-
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
17 mins -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
27 mins -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
2 hours -
Give direct access to Global Health Fund – Civil Society calls allocations
3 hours -
Trudeau plays Santa with seasonal tax break
4 hours -
Prince Harry jokes in tattoo sketch for Invictus
4 hours -
Akufo-Addo commissions 200MW plant to boost economic growth
4 hours -
Smallholder farmers to make use of Ghana Commodity Exchange
4 hours -
I want to focus more on my education – Chidimma Adetshina quits pageantry
5 hours -
Priest replaced after Sabrina Carpenter shoots music video in his church
5 hours -
Duct-taped banana artwork sells for $6.2m in NYC
5 hours -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
5 hours -
Actors Jonathan Majors and Meagan Good are engaged
5 hours -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
5 hours -
Why I rejected Range Rover gift from a man – Tiwa Savage
5 hours