CAL bank (CAL) recorded a 23.22% dip in pre-tax profits for the first quarter of 2017 (Q1-2017). Total Profits before tax fell from GHS 58,389,000 in Q1-2016 to GHS 44,831,000. The fall in pre-tax...
Banks are optimistic of significant improvement in their non-performing loan portfolios as government initiates moves to clear all outstanding debts owed them. The assurance comes on the back of...
SOCIAL Security and National Insurance Trust (SSNIT) has held an employers’ workshop on online contribution report (CR) submission and payment through the banks. It is to train more employers in...
The average interest rate for mortgage loans among commercial banks reached 33.8 percent in March 2017. The figure recorded a 2 percent increase as compared to the 33.6 percent recorded at the end of...
The average interest rate for mortgage loans among commercial banks reached 33.8 percent in March 2017. The figure recorded a 2 percent increase as compared to the 33.6 percent recorded at the end of...
Some financial institutions have assured customers of lower cost of services with the implementation of the scrapping of the 17.5 percent VAT on financial services. They contend that the development...
The average interest banks charge on loans and advances has seen a drop for the third time running, according to the central bank’s latest monthly Annual Percentage Rates (APR) and Average Interest...
The industry average for vehicle loans has however dropped from 35 percent in February to 34.2 percent in March 2017, the latest Annual Percentage Rates and Average Interest report by the Bank of...
The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to...
Inna Patty, Miss Ghana 2004 and CEO of Exclusive Events Ghana, has urged corporate Ghana to support pageants in the country, especially the Miss Ghana Foundation. Inna Patty was speaking during a...
A former Minister of Finance, Dr Kwabena Duffuor, said that MM sector was poised for growth because it had become widely accepted by the citizenry, therefore, it was incumbent upon banks and...
Policy think tank Imani Ghana has insisted that not only was the power purchase deal between Ghana and Ameri Energy overpriced, but also overpaid. Below is an article by the think tank on its stance...
Due to the growing need for countries to secure power supplies much more quickly than the time it takes for a normal power plant to be completed (anything from 5 to 20 years) an American company...
Cal Bank Managing Director Frank Adu Junior has blamed some state institutions for failing to generate adequate revenue for the country. “Institutions of the state with the mandate to implement and...
Shareholders of CAL Bank will not receive dividends with respect to the 2016 financial year. “As a result of the reduced profitability and the need to preserve the capital base of the Bank and...
Stock market analysts are confident trading activities will bounce back in the second quarter following a pickup in trading activities on the local bourse. The 2017 first quarter performance indicate...
Average interest rate on agricultural loans by banks has increased marginally to 33.2 percent as at the end of February this year, the Bank of Ghana’s Annual Percentage Rate and Average Interest...
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...
