October 03, 2009

The need for banks to pay appreciable interest on deposits they take took centre stage at a public forum held on Friday to draw more people to the habit of savings.Members of the public were not enthused about the negligible interest banks pay on savings of customers, arguing that the trend had become a disincentive to potential clients.

The event, part of the Financial Literacy Week organised primarily by the country's Finance Ministry, aims to teach Ghanaians how to deal with personal finances.Under the theme "Knowledge is Money", the week involved the organisation of various workshops stringed with informative broadcasts on national radio and television.