For businesses borrowing to buy equipment, restock a shop or meet payroll, the price of credit affects everyday decisions. The Ghana Reference Rate (GRR) provides a common starting point for that price. Its usefulness depends on whether the formula reflects financing conditions and whether borrowers can understand how it becomes the interest rate they pay.
For businesses borrowing to buy equipment, restock a shop or meet payroll, the price of credit affects everyday decisions. The Ghana Reference Rate (GRR) provides a common starting point for that price. Its usefulness depends on whether the formula reflects financing conditions and whether borrowers can understand how it becomes the interest rate they pay.
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Source: MyJoyOnline
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