Business News of Thursday, 28 May 2020Source: www.ghanaweb.com3% interest on stimulus package a ‘giveaway’ for members – GUTAplay videoGUTA president, Dr Joseph ObengPresident of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has described government's 3% interest on the GH¢600 million stimulus package to support Micro, Small and Medium Enterprises (MSMEs) as a free gift. The interest rate on the package he said is feasible due to the one-year moratorium and a two-year repayment period for MSMEs. Dr Obeng noted that this 'giveaway' from government was far better than that of some banks who have pegged their interest rate between 22-25%. Comparing the banks' interest rate to government's 3%, he said “it's very feasible. Send your news stories to and via WhatsApp on +233 55 2699 625.

Source: GhanaWeb May 28, 2020 15:11 UTC