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120% collateral requirement shuts businesses out of credit — AGI

The Chairman of the Economic Affairs Committee of the Association of Ghana Industries (AGI), Eric Defor, has raised concerns about the difficulty businesses continue to face in securing bank loans…

  • Businesses face 120% collateral requirement for loans, hindering expansion.
  • AGI Chairman Eric Defor calls for government intervention in budget.
  • Banks well-capitalized but stringent lending conditions limit credit access.

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