Iran authorized some banks on Saturday to deal in foreign exchange trading at a free-market rate, the central bank said, as authorities try to unify exchange rates. Iran operates two exchange rates,...
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to...
Despite a recent report by the Central Bank that overall performance of the banking sector as at July this year was strong, the quality of loans on the banks’ books generally worsened compared to...
A policy think-tank, IMANI Center for Policy and Education, has raised concerns about the rate at which businesses in the country are disintegrating due to government’s inability to put the right...
Availability and ease of access to credit remains a huge challenge for the private sector. Latest data from the Bank of Ghana suggests a general credit squeeze to the private sector in 2016, amidst a...
The Central Bank of Nigeria’s portion of the foreign reserves fell to $19.44 billion as non-oil exports fell by over 43 percent in the second quarter of 2016. “Provisional data showed that total...
