Demand For Mortgages Decreases
New figures released by the Bank of Ghana (BoG) reveal demand for loans for house purchase by customers of banks have reduced despite an ease in credit access by commercial banks. Banks in July 2016...
Tag: Banks – NEC
NPLs Will Reduce Significantly Before End of Year
President of Ghana Association of Bankers (GAB) has indicated that Non-Performing Loans (NPL) of banks should reduce significantly before the end of this year. Alhassan Andani’s assurance follows a...
What Trump Means For World Trade
World trade was already stalling before Donald Trump won the U. S. presidential election. Now, one of the main engines of global economic growth could go into reverse. Trump has promised to rip up...
Central Bank Highlights Curbing Asset Bubbles
China’s central bank on Tuesday stressed efforts to curb asset bubbles as it recognized the increasingly challenging task to seek a balance between stabilizing growth and preventing froth. In its...
Plan For Sugarcane Plantation To Feed Komenda Sugar Factory
The government is to establish its own sugar plantation to produce more than 100,000 tonnes of sugarcane per annum to the feed the Komenda Sugar Factory. As a result of this, the Ministry of Finance...
Amamere Dance Group Celebrates 10 Years
One of Ghana’s leading cultural dance groups with international recognition, Amamere Folk Music & Dance Ensemble, will be celebrating its 10th anniversary this month under the theme:...
Fidelity Bank Shows Off Winning Smiles
Being in existence since 2002, The Corporate Guardian has prided itself in grace and has carved a niche as one of Africa’s most influential Corporate magazines. The Magazine which has featured many...
Investors May Turn Away From Komenda Sugar Factory
The Member of Parliament for Effutu, Alexander Afenyo Markin, has disclosed that government’s decision to contract professional consulting firm PricewaterhouseCoopers Ghana Limited (PwC) to search...
UDS To Hold Graduation For 1,789 Students At Wa Campus
A total number of 1,789 students comprising diploma, undergraduate and post graduate students graduated from the Wa campus of the University for Development Studies (UDS) on Saturday. About 1,923...
3rd Ghana Oil and Gas Awards Held
The 3rd Ghana Oil and Gas Awards (GOGA 2016) brought together players in the oil and gas industry. The awards recognizes achievements from local and international companies involved in the Ghana oil...
Nigeria To Get $600m Loan From AfDB
The African Development Bank's board approved a $600 million loan for Nigeria aimed at helping Africa's largest economy plug its budget deficit as it grapples with its first recession in more than 20...
GRA Gets E-Payment Platform
Ghana Revenue Authority (GRA) in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as tax collector seeks to seal loopholes for tax...
Komenda Sugarcane Farmers Secure $24.5m Loan To Expand Their Business
Sugar cane farmers in and around Komenda have been handed a boost to expanding their farms following the Parliament of Ghana’s approval of a US$24,540,000.000 Indian loan facility to the Komenda...
Average Interest On Deposits Decrease To 12.2%
The Bank of Ghana’s latest Average Interests (IA) on deposits report released shows a decrease in the average minimum interests to be paid annually on deposits of customers’ funds logged at...
How Egypt Currency Crash By 48%
Egypt tried to draw a line under a deep economic crisis Thursday by allowing its currency to float freely. The move saw the Egyptian pound crash 48% against the U. S. dollar, but should mean the...
Interests On Mortgage Loans Hit 31.5%
Ghana’s quest to reduce the almost 2 million housing deficit may take a long time as interest on mortgage loans continue to rise. According to latest average interest and Annual percentage report...
GRA Launches E-Card For Customs Duty Payment
The Ghana Revenue Authority in collaboration with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty. The platform dubbed, “The Ghana National Single...
Banks Reducing Interests On Deposits – BoG Report
The Bank of Ghana’s latest Average Interests (IA) on deposits report released shows a decrease in the average minimum interests to be paid annually on deposits of customers’ funds logged at...
Banks’ Average Base Rate Increases To 27.8%
The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and...
Election Slowing Port Operations
The upcoming presidential and parliamentary election is slowing operations at the ports, according to the Chief Executive Officer (CEO) of the Shippers Authority, Dr. Kofi Mbia. Dr. Mbia adds that...