Mr Mawuko Williams, a Consultant with the Frankfurt School of Finance and Management, on Monday said huge financing gaps were reducing the job creation potentials of Small and Medium Scale...
There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate enhanced...
Social Security and National Insurance Trust (SSNIT) is suffering from the knock-on effect of loans gone bad in the banking sector, due to its large shareholding in the sector. With equity stake in...
The steady interest rate decline in recent months, with a corresponding reduction in lending rates, augurs well for government’s quest to deepen financial inclusion in the country, CEO of...
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 banking industry’s stock of Non-Performing Loans (NPLs), increased by 24.5 percent between April 2016 and April 2017, the Bank of Ghana’s latest banking sector report has shown. The...
Smallholder farmers at Akrofuom in the Obuasi municipality of Ashanti region will now have access to loans from the Akrofuom Teachers Co-operative Credit Union to enhance their farming activities....
The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular...
When Wu Qi and her husband traded in their Mazda 3 for a more expensive Mercedes Benz sedan, they applied for a 200,000 yuan ($29,000) bank loan to help pay for it. They got the money within minutes....
Economist, Professor Godfred Bokpin has told Citi Business News the seeming delay in the issuance of the energy bonds may be deliberate to attract more buyers. He has however urged government to...
Business laws and regulations are made to protect consumers and uphold the integrity of commerce MODERNIZING GHANA’S BUSINESS LAWS: The case for replacing the Borrowers and Lenders Act with a...
Rural and Community banks (RCBs) should endeavour to offer credit to qualified persons as regards favouring unqualified, but related applicants, since the development contributes to the rising...
Finance Minister Ken Ofori Atta is attributing the change in Ghana's credit outlook by Fitch as a demonstration of confidence in the current team managing the economy. Ratings Agency Fitch last...
Scores of caterers for the National School Feeding program earlier this morning besieged the premises of the Ministry for Gender, Children and Social Protection demanding the payment of their...
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at CAL Bank, has said. Following a directive from the Central...
Let us find a way to stop borrowing Folks, did you all read this memo below from our new Finance Minister, Hon. Ken Ofori Atta dated 3rd April 2017. And this is supposed to be good news, right? We...
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...
Non-performing loans (NPL) increased to GH¢6.4 billion in February 2017 from GH¢4.7 billion in February 2016, according to the latest Banking Sector Report. According to the report, the increase in...
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...
