credit
Borrowers, Lenders Embrace New Collateralisation
A new trend is emerging in the financial market, where an increasing number of borrowers and lenders prefer to use...
Govt Makes Second Payment On Legacy Debt
The President of the Ghana Bankers Association, Alhassan Andani has stated that banks that were owed by government...
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...
Bad Loans On Books of Banks Worsens, Local Companies Highest Defaulters
The new financial stability report of the Bank of Ghana (BoG) has revealed that Ghanaian companies are still the...
US$60 Million Loan Agreement Will Sink ECG – Akoto Osei
A loan worth 60 million dollars being procured by the government of Ghana for the Electricity Company of Ghana has left...
Government Fleecing ECG
Minority in parliament has criticised the President Mahama led National Democratic Congress (NDC) government over a...
Ghana In Serious Debt Crisis
A new report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country...
Debt Crisis Hits Ghana
A NEW report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country...
Kufuor Doubled Debt; I’m Bringing It Down – Mahama
President John Mahama has said accusations that his government has ballooned the country’s debt stock are not true,...
About 2,000 Traders Get Boost From Capital & More To Expand
About 2,000 traders in Accra who would have found it extremely difficult to access credit facility from banks, have...
Official Liquidator Releases List of Validated DKM Creditors
The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday,...
We’ll Take Drastic Action Against Ghana
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of...
Restructuring of VRA Legacy Debts On Course
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on...
Moody’s Rating Shows We’re Doing Something Right – Mahama
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm,...
BoG To Give Banks Time In Meeting Recapitalization
The Bank of Ghana(BoG) has disclosed that it will give commercial banks some space to meet a new capital reserve ratio...
Kenya Will Deny Water, Electricity and Phone Bills Debtors Loan Come 2017
Failure to pay electricity, water and telephone bills could now land Kenyans on the list of defaulters at the credit...
Interest Rate Hits 33 Per Cent
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the...
Interest Rate Jumps To More Than A Decade High
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the...
Banks Tighten Grip On Lending
With barely three months to general elections in Ghana, banks are cautious about extending credit to businesses and...