{"id":249893,"date":"2016-09-20T09:27:50","date_gmt":"2016-09-20T09:27:50","guid":{"rendered":"http:\/\/citifmonline.com\/?p=249893"},"modified":"2016-09-20T09:27:50","modified_gmt":"2016-09-20T09:27:50","slug":"reduce-cost-of-doing-business-in-ghana-veep-to-new-bog-board","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/09\/reduce-cost-of-doing-business-in-ghana-veep-to-new-bog-board\/","title":{"rendered":"Reduce cost of doing business in Ghana \u2013 Veep to new BoG Board"},"content":{"rendered":"
Vice President Kwesi Amissah Arthur has made a strong case for a reduction in the cost of doing business in the country.<\/p>\n
Mr. Amissah Arthur says the high interest rate regime has deepened the challenge for most businesses especially SMEs, to access credit and expand.<\/p>\n
According to him, the situation has also contributed to the growing unemployment rate in Ghana.<\/p>\n
The Former Governor made the remarks when he inaugurated a new Board for the Bank of Ghana.<\/p>\n
\u201cTalking to people in the economy in the country, there two significant problems that they face; high interest rates and access to credit especially for SMEs\u2026 we hope that the new board will have a major responsibility to bring down banks\u2019 base rates and interest rates in order to ease the cost of doing business especially for SMEs,\u201d he stated.<\/p>\n