Ghana Home Loans (GHL), the mortgage specialists, has initiated collaborations with several public sector groups to provide their members with facilities to enable them acquire property. The mortgage...
In slashing the policy rate in November 2016 from 26% to 25.50% and subsequently by 200 basis points in March 2017 to 23.50%,the Bank of Ghana (BoG), amongst others seek to boost consumer spending...
More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills (T-Bills) rate show a downward trend. The Managing Director of HFC Bank, Robert Le...
The President believes that private sector led growth is the surest way for Ghana to sustain economic growth. Hence, the President’s maiden budget focused on tax cuts to create space for businesses...
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...
The past decade has brought huge innovation to the lending industry. Companies like LendingClub, OnDeck, Kabbage and Fundera made online lending platforms a standard. Each of these companies enables...
Bank's total provision for the first two months still remained high, according to the latest Banking Sector Report. Commercial banks in Ghana made a provision for bad debt of GH¢175 million at the...
Banks total provision for the first two months still remained high, according to the latest Banking Sector Report. Commercial banks in Ghana made a provision for bad debt of GH¢175 million at the...
Appolonia City and Ghana Home Loans are offering the country’s only 10-year mortgage that allows buyers to start building their dream homes with just a 20% deposit. Appolonia, a city-sized...
Appolonia City and Ghana Home Loans are offering the country’s only 10-year mortgage that allows buyers to start building their dream homes with just a 20% deposit. Appolonia, a city-sized...
Players in the financial inclusion space have intensified efforts aimed at reducing the number of unbanked population in Ghana. A recent study conducted by the Financial Sector Deepening Africa has...
The average interest banks charge on loans and advances has seen a drop for the third time running, according to the central bank’s latest monthly Annual Percentage Rates (APR) and Average Interest...
The payday loan firm Wonga has said up to 270,000 of its customers may have been affected by a data breach. The firm said it was "urgently investigating illegal and unauthorised access to the...
Santander will pay about $26 million to settle charges it engaged in predatory subprime auto lending and loan securitization in the US states of Massachusetts and Delaware. Santander Consumer USA, a...
The Minority Spokesperson on Finance, Ato Forson, says district assemblies may struggle to meet their obligations to contractors, a situation that may intend make it difficult for contractors to...
Banks have intensified their search for collaterals from businesses and loan applicants in a bid to reduce growing number of non-performing loans (NPLS) in the banking sector that had hit GH¢ 6.2...
Societe Generale Ghana yesterday March 23, 2017 launched the “Unlock Your Dream Loan 2017 Promotion”, which is expected to run from the time of the launch until 30th June, 2017. The promotion...
An economist, Adu Owusu Sarkodie, has attributed the high level of nonperforming loans to the high cost of production and doing business in the country. Per the latest Bank of Ghana (BoG) Financial...
The latest Annual Percentage Rate (APR) and Average Interest (AI) report by the Bank of Ghana has shown that GCB Bank offers the highest interest on mortgages as at the end of February. Potential...
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has...
