{"id":466337,"date":"2018-02-21T17:41:01","date_gmt":"2018-02-21T17:41:01","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/21\/bog-urged-to-reduce-interest-rates-to-make-new-cars-affordable\/"},"modified":"2018-02-21T17:41:01","modified_gmt":"2018-02-21T17:41:01","slug":"bog-urged-to-reduce-interest-rates-to-make-new-cars-affordable","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/21\/bog-urged-to-reduce-interest-rates-to-make-new-cars-affordable\/","title":{"rendered":"BOG urged to reduce interest rates to make new cars affordable"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday, 21 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Myjoyonline.com <\/p>\n<p>2018-02-21<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/92411755.295.jpg\" alt=\"Truck Painted Ghana Colors\" title=\"Truck Painted Ghana Colors\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>Many people are not in the position to acquire brand new cars as a result of increased cost<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1519234861_503_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> Chief Operations Officer of Rana motors, an automobile marketing company Kassem Odaymat is urging the Bank of Ghana to further cut down interest rates to enhance the affordability of new vehicles by the public.<\/p>\n<p>The automobile sector continues to be a major driver of economic growth serving as a significant foreign exchange earner.<\/p>\n<p>Unfortunately, many people are not in the position to acquire brand new cars as a result of increased cost.<\/p>\n<p>Mr Odaymat said \u201c\u2026 talking with banks and even talking to Bank of Ghana if we can take the rates and the interest rates down so that we can make it more affordable for each and every Ghanaian to be able to buy a car.<\/p>\n<p>Honestly speaking, a lot of second-hand cars are coming into the country, it is causing more pollution and at the same time, they are not safe and they are not made for our country in terms of even equipment and options,\u201d he said.<\/p>\n<p>Mr Odaymat raised this concern on the sidelines of the launch of Ford Truck 3543T in Accra.<\/p>\n<p>Ghana is the first to launch the Ford Truck 6&#215;4 tractor head (3543T) which is the latest from Ford Trucks, made specifically to meet the demand of the Ghanaian market.<\/p>\n<p><!-- uploaded by: 71 updated by: 71 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 21 February 2018 Source: Myjoyonline.com 2018-02-21 Many people are not in the position to acquire brand new cars as a result of increased cost Chief Operations Officer of Rana motors, an automobile marketing company Kassem Odaymat is urging the Bank of Ghana to further cut down interest rates to enhance the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":466338,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-466337","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/466337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=466337"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/466337\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=466337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=466337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=466337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}