Political parties contesting this year's general election have been asked to clearly state measures they will put in place when given the mandate to ensure that there is freedom for Muslims to...
A new trend is emerging in the financial market, where an increasing number of borrowers and lenders prefer to use their holdings equities and debt securities such as shares, bonds and treasury bills...
The President of the Ghana Bankers Association, Alhassan Andani has stated that banks that were owed by government under the legacy debt have received second payment in the first week of September....
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...
The new financial stability report of the Bank of Ghana (BoG) has revealed that Ghanaian companies are still the biggest contributor of bad loans on the books of banks. According to the new report...
A loan worth 60 million dollars being procured by the government of Ghana for the Electricity Company of Ghana has left Parliament divided again. The loan is to upgrade the distribution network of...
Minority in parliament has criticised the President Mahama led National Democratic Congress (NDC) government over a high interest loan facility being offered to the Electricity Company of Ghana...
A new report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country is losing around 30% of government revenue in external debt payments each year....
A NEW report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country is losing around 30% of government revenue in external debt payments each year....
President John Mahama has said accusations that his government has ballooned the country’s debt stock are not true, rather accusing the main opposition New Patriotic Party (NPP) of doubling...
About 2,000 traders in Accra who would have found it extremely difficult to access credit facility from banks, have been given a collateral-free loan by Capital and More Microfinance, to expand their...
The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday, October 17, 2016. A statement released by the Registrar General’s Department and...
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to...
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of...
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm, Moody’s is an indication that his government is “doing something right.”...
The Bank of Ghana(BoG) has disclosed that it will give commercial banks some space to meet a new capital reserve ratio that will be announced soon. According to the central bank, it is currently...
Failure to pay electricity, water and telephone bills could now land Kenyans on the list of defaulters at the credit reference bureau and deny them access to loans. The noose is tightening on bad...
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
With barely three months to general elections in Ghana, banks are cautious about extending credit to businesses and individuals, some industry experts have told Business Finder. The uncertainty...
