The Minister of Economy and Finance does not understand why local banking institutions continue to grant interest rates that are difficult to bear in this period of health crisis which calls for solidarity.

Sani Yaya, during the last session of the year of the National Credit Council (CNC) held this Thursday, December 24, 2020 in Lomé, said loud and clear that the interest rates of local commercial banks are out of step with the social measures taken by the government, intended to support consumers in this period of the coronavirus pandemic.

Indeed, he insists, “…debit interest rates still stand at relatively high levels, despite the relaxations observed in 2020 compared to 2019”. Especially since, he recalls, "the Central Bank has lowered its key rate to 2%, from June 24, 2020".

Consequently, it is difficult to understand "that the cost of credit is at a high level", denounces the Minister of Economy and Finance in veiled words.

To finish on this problem, he asks that the bankers work on this question seriously to find a solution for it.