Demand For Mortgages Decreases
New figures released by the Bank of Ghana (BoG) reveal demand for loans for house purchase by customers of banks have reduced despite an ease in credit access by commercial banks. Banks in July 2016...
Tag: HFC Bank
Health Director Lifts Embargo On Doctor’s Salary After Chronicle’s Publication
The Upper East Regional Director of the Ghana Health Services, Dr. Kofi Issah has lifted an embargo he placed on the salary of a Medical Officer at the Regional Hospital in Bolgatanga for three...
Election Blues To Impact Cedi Minimally – Analyst
The activities of speculators which cause the cedi to depreciate against some major trading currencies may have minimal impact on the currency as the elections approach. This is the position of some...
Interests On Mortgage Loans Hit 31.5%
Ghana’s quest to reduce the almost 2 million housing deficit may take a long time as interest on mortgage loans continue to rise. According to latest average interest and Annual percentage report...
91 Percent of Ghanaians Don’t Own Property – Survey
A recent survey conducted by Jumia House Ghana and Hacking Adulthood has revealed that 91 percent of Ghanaians are not property owners. This 91 percent of Ghanaians are either renting accommodation...
HFC Bank Earmarks GH¢198.1m Credit For Cocoa Sector
HFC bank has announced plans to increase its investment in the cocoa sector from GH¢90 million to GH¢198.1 million in order to further augment the availability of funds to players in the sector....
I’m Too Artistic and Versatile To Have Competition In Ghana
Former Miss Universe Ghana 2015 contender, AISHA MED recently sealed a juicy 5-year modeling deal with MRA Models Agency in Bucharest, Romania. We caught up with the model that has done so much in...
Government Argues Banks Into Oil and Gas Funding
For the country to achieve its lofty local content goals, the financial services sector, led by the banks, would have to cast off its fear of the risks and huge capital required, and venture into...
Mortgage Above Reach of Workers
Competition in the housing sector is keen with estate developers jostling to out-compete one another while the average Ghanaian worker races to acquire a home for a lifetime. Home finance experts say...
182-Day Treasury Rate Drops Marginally
The 182-day treasury security rate decreased by two basis points to settle at 24.69 per cent. All other treasury securities maintained their respective yields at the close of the week. The government...
Analysts Allay Cedi Depreciation Fears Over Increased Dollar Demand
Some currency analysts have downplayed a significant depreciation of the cedi, against major trading currencies anytime soon, due to an increase in corporate dollar demand. One of such is the General...
Producer Price Inflation Inches Up To 10.3%
The Producer Price Inflation (PPI) rose to 10.3 per cent year-on-year in July 2016 from the 7.6 per cent recorded in the previous month. According to the Ghana Statistical service, the 2.7 per cent...
Banks Call On BoG To Streamline Mobile Financial Services
Some banks are impressing on the Bank of Ghana the need to possibly streamline the regulations for Mobile Financial Services. The Central Bank announced a new set of guidelines for the service about...
Stock Exchange Total Volume Traded Hits 1.3 Million Shares
The Producer Price Inflation for the fourth week of August (22-26) rose to 10.3 per cent year – on – year while investors responded by bidding down equities. Total volume traded was 1.3 million...
Banks’ Deposits Increase To GHC42.3 Bn In 2015 – PwC
The total deposits for commercial banks in the country increased to 42.3 billion cedis as at the end of December 2015. The figure increased from 36.2 billion cedis in the previous year, representing...
Gov´T Urged to Consider Tax Credit to Mortgage Institutions
The managing director of HFC Bank, Mr Robert Le Hunte, has called on the government to consider a tax credit on the interest income on mortgage to encourage more uptake of mortgage facilities by...
Banking Software in West Africa Gets A Huge Boost
Distributors of TEMENOS banking software in West Africa, has announced a partnership with an additional four global IT solutions providers.
The four companies, Fiorano, Digital Persona, R-Systems and...