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Assin Central Member of Parliament, Kennedy Agyapong has revealed that despite being in charge of several businesses, he does not take bank loans. According to him, the sole reason for that posture is because of the ridiculous nature of interest rates charged by the banks.
Addressing students of the University of Professional Studies – Accra, UPSA, during a public lecture last Thursday, Agyapong lamented how other foreign nationals take loans from their countries to come and invest and make profits here in Ghana.
He shared with the gathering how he manages to keep out the temptation of approaching banks stressing the importance of savings and building of capital for all persons seeking to flourish in business. “I don’t take loans from banks because the interest rates are ridiculous.
The day that you will hear that banks are coming to take my property, that day when I enter my room, I know I will die and I won’t come back again. “Yes, because I don’t believe in banks. If I start a project and I hit a wall, I will go back and regroup myself. No amount of temptation will let me go for 26%, hell no. It won’t work. So if you are here and you and you want to do business, start saving today,” he advised.
source: ghanaweb.comFOLLOW ME ON SOCIAL MEDIA