By: Nghiinomenwa-vali Erastus
The Parliamentary Committee on Economy, Industry, and Public Administration, has asked the Central Bank to conclude the impact assessment of commercial banks fees and charges and share it with the Ministry of Finance.
The governor of the Bank of Namibia appeared before the Parliamentary Standing Committee on Economy and Industry early this week, according to the statement released from Parliament.
Commercial Banks’ fees on various banking products have been under public scrutiny for the past years, with a number of Parliamentarians calling for them to be looked at.
However, there hasn’t been any official assessment on how they affect households and businesses that use them, as well as the impact on access to banking services.
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