Players within the private sector have bemoaned the high cost of doing business in Ghana due to the difficulty in accessing funds. According to them, local businesses continue to post losses due to high interest rate which is now hovering around 35% to 40%.
Speaking in an interview with Citi Business News at the sidelines of the Association of Chartered Certified Accountants (ACCA) grande ball, the immediate past President of the Ghana Chamber of Commerce and Industry, Dr Seth Adjei Baah said lack of access to cheaper credit is stifling the development of the private sector in Ghana. READ MORE>> Private sector decries high cost of credit in Ghana
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