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Tonight on JoyNews, PM Express Enterprise Edition took a close look at interest rates in the country and fraud in the banking sector.
This follows the revelation from the Bank of Ghana that interest rates have trended downward for short-term instruments since the start of the year.
Real interest rates swung in June due to inflation rising slightly from 7.5% in May to 7.8% in April.
In addition, the Bank of Ghana revealed that the total value of reported fraud cases in the banking sector has increased substantially.
The losses incurred as a result of fraud for 2020 amounted to GH ¢ 25.40 million, compared to an estimated loss of GH ¢ 33.44 million in 2019, a decrease of 24.0%.
Host George Wiafe interacted with Ghana Bankers Association Managing Director (CEO) John Awuah to discuss the challenges and the way forward after the President assured the President to do more to resolve the issues. .
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