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Ghana’s top business leader urges banks to boost private-sector lending as government bond yields fall.
Mark Badu Aboagye, CEO of Ghana’s National Chamber of Commerce and Industry, urged banks to shift from government lending to supporting the private sector, saying declining Treasury bill rates—from 25% to 10%—have ended easy profits from state borrowing.
He stressed that idle bank funds serve no one and that sustained private-sector credit is vital for Ghana’s economic recovery.
Aboagye noted early increases in private lending and said lower interest rates could boost borrowing, reduce defaults, and strengthen bank profits.
The chamber will monitor banks to ensure they follow through on commitments.
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El principal líder empresarial de Ghana insta a los bancos a impulsar los préstamos al sector privado a medida que caen los rendimientos de los bonos del gobierno.