Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by...
The Chartered Institute of Bankers (CIB) is urging the Central Bank to consider a tiered recapitalization policy that will enable smaller-sized banks meet the eagerly awaited increment in the...
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive engagements with stakeholders in the financial sector. This is...
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most savings and loans and microfinance institutions are working very hard around the...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
The Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalization plans. This is to...
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has...
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has...
The latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks released by the Bank of Ghana revealed that...
Ghana is a nation of 26million inhabitants, with a Gross Domestic Product (GDP) of almost US$35billion, and a universal bank tally of 35. South Africa is a nation of 55million inhabitants, with a GDP...
The Bank of Ghana has, today, released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks. The...
Growth of demand deposits (current and savings accounts) grew more than time or fixed deposits as at the end of November 2016, according to the latest summary of Macroeconomic and Financial Stability...
The yield on the Bank of Ghana’s weekly 91-day bill fell to 16.4281 percent at an auction on Friday December 23, from 16.6759 percent at the last sale on Dec. 16, a report by Reuters has said. The...
The Bank of Ghana has released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (DI) paid on deposits by banks. The data is...
The Bank of Ghana has released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (DI) paid on deposits by banks. The data is...
A commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is...
The Bank of Ghana(BoG) has refuted claims that the issuance of dollar denominated bond in the country will drain dollar accounts of banks. Government recently raised a total of 94.62 million dollars...
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to...
Some bankers have warned any move by Government to cap interest rates in Ghana will end in a disaster. Banking consultant and Principal Consultant at Osei Tutu II Centre for Executive Education &...
