Friday, October 17, 2008
Government's Move to Guarantee Deposit 100% Should be Lauded
I commend the government's move to guarantee all bank deposits placed with financial institutions with immediate effect. This move is consistent with regional initiatives to preserve confidence in the country's financial systems, which have been affected by the global financial crisis. I urge the government to review the interest rates structure with a few of lowering interest rates to make it consistent with global developments.
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