high interest loans

The Institute of Statistical, Social and Economic Research (ISSER), has cautioned the government to suppress its appetite for high-interest loans. Director of ISSER, Professor Peter Quartey, noted that Ghana’s ongoing US$3 billion loan-support programme with the International Monetary Fund (IMF) could soon position the country to access loans on the capital market. He said this in an interview with the media after a discussion on “Ghana’s public debt management: facts, impact, and the way forward,” in Accra. The Economist cautioned that: “When we go to the capital market, we borrow at six, seven, or eight percent – that’s is a…