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    Misconceptions Surround High Interest Rates and Low Bank Credit to MSMEs in Zambia

    "The important contribution made by MSMEs in the development of any economy cannot be overlooked. In Zambia, MSMEs contribute about 56% of the total number of jobs and account for over 80% of the number of businesses registered at the Patents and Co…

    Joseph Simumba

    Thulani Banda

    • Micro Small and Medium Enterprises
    • Bank Credit
    • Economic Growth
    • Commercial Banks
    • Finance
    • Economic development
    • Interest rates
    3 pages

    Publication

    High Interest Rates in Ghana, A Critical Analysis

    The question of high interest rates in Ghana is examined in this paper. The author notes that high interest rates have not only kept the cost of credit unnecessarily high, but have also discouraged many otherwise viable projects from being implement…

    John K. Kwakye, Dr

    • High Cost of Credit
    • Macroeconomic Stability
    • Commercial Banks
    • Finance
    • Monetary policy
    • Interest rates
    22 pages

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