Maverick Kennedy Ohene Agyapong, a Ghanaian politician, has explained why he does not take loans.
This was revealed by the millionaire politician in a recent speech to a group of students at the University of Professional Studies in Accra (UPSA).
He bemoaned the exorbitant interest rates in Ghana, which is one of the main reasons he has resolved to never take out a loan.
“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 said.
