Banks to Lower Deposit Rate, Lend Less & Hold off Employment

Having crossed the Ghs 400 million capitalisation mark, banks would now begin to position themselves well within the competition to make a difference.  Non-Performing Loan (NPL) continues to plague the market and cautious lending and investment in less risky assets would continue to drive the banking industry.   This would mean less access to finance for businesses.  

Banks would be expected to reduce their deposit rates to lower interest expense.  Employment by banks may also be stalled probably to the end of 2nd quarter where banks are well positioned within the competition.  Expenditures are likely to be directed to business developments and PR to boost consumer confidence towards their brands.