Mr Adu Sarkodie, First Vice President, Ghana Employers Association (GEA), has appealed to government to take steps to bring down the high cost of borrowing from banks in the country.
He said currently Ghana's lending rate was among the highest on the African continent.
"In Nigeria the lending rate was 15.4 per cent, Tanzania 16.3 per cent, Kenya 13 per cent, Senegal 8.5 per cent, South Africa 13 per cent, Botswana 6.5 per cent and our is still hovering around 24, 25 and 26 per cent. And yet we are going to open up our borders for free trade," he said.
