The Daily Graphic says the high-interest rates are the concern of all as it reduces the incentive to invest and thereby slow down not only industrial but economic growth. The paper thinks the central bank must act decisively to curb the high level of bank lending rates and spreads, which cannot be justified on the basis of their costs. The Graphic asks that banks be allowed to continue to set levels of their lending and deposit rates. The paper believes that even if the measure results in both lending and deposit rates remaining high, it will at least achieve the purpose of ensuring that due returns are is paid on savings.
The Ghanaian Times advises heads and staff of Metropolitan, Municipal and District Assemblies, (MMDA) and the Regional Coordinating Councils, (RCC) to work towards eliminating financial infractions in their offices. The paper is of the view that punishing those involved in the malpractice is overdue. The Times says it looks forward to seeing the staff sanctioned in accordance with the law to ensure a high level of professionalism in the discharge of the duties.
