loans
Impact of Policy Rate On Ghana’s Interest Rates
In slashing the policy rate in November 2016 from 26% to 25.50% and subsequently by 200 basis points in March 2017 to...
Mortgage Rates Seen Falling
More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills...
Modernizing Ghana’s Business Laws
The President believes that private sector led growth is the surest way for Ghana to sustain economic growth. Hence,...
Non-Performing Loans Increased To GHc6.4bn
Non-performing loans (NPL) increased to GH¢6.4 billion in February 2017 from GH¢4.7 billion in February 2016,...
This Ghanaian Startup Is Giving Customers Credit Where It’s Due, On Their Smartphones
The past decade has brought huge innovation to the lending industry. Companies like LendingClub, OnDeck, Kabbage and...
Banks Write Off GHC175 Million
Bank's total provision for the first two months still remained high, according to the latest Banking Sector Report....
Banks Write Off GHc175m
Banks total provision for the first two months still remained high, according to the latest Banking Sector Report....
Appolonia City Introduces 10-Year Mortgage Plan
Appolonia City and Ghana Home Loans are offering the country’s only 10-year mortgage that allows buyers to start...
10-Years Mortgage Plan Introduced For Appolonia City Serviced Plots
Appolonia City and Ghana Home Loans are offering the country’s only 10-year mortgage that allows buyers to start...
Industry Players Advocate Policies To Deepen Financial Inclusion
Players in the financial inclusion space have intensified efforts aimed at reducing the number of unbanked population...
Interest Rates Drop For the Third Time In 2017
The average interest banks charge on loans and advances has seen a drop for the third time running, according to the...
Wonga Breach Affects ‘up To 270,000 In UK and Poland’
The payday loan firm Wonga has said up to 270,000 of its customers may have been affected by a data breach. The firm...
Santander USA To Pay $26 Mn In Subprime Auto Settlement
Santander will pay about $26 million to settle charges it engaged in predatory subprime auto lending and loan...
NPLs May Rise Over Capping of Statutory Funds
The Minority Spokesperson on Finance, Ato Forson, says district assemblies may struggle to meet their obligations to...
Banks To Reduce Loan Defaults As It Intensifies Search For Collaterals
Banks have intensified their search for collaterals from businesses and loan applicants in a bid to reduce growing...
Societe Generale Ghana Launches ‘Unlock Your Dreams Loan 2017 Promotion’
Societe Generale Ghana yesterday March 23, 2017 launched the “Unlock Your Dream Loan 2017 Promotion”, which is...
High Cost of Production To Blame For Non-Performing Loans
An economist, Adu Owusu Sarkodie, has attributed the high level of nonperforming loans to the high cost of production...
Banks With Top Three Highest Mortgage Loans [Infographic]
The latest Annual Percentage Rate (APR) and Average Interest (AI) report by the Bank of Ghana has shown that GCB Bank...
Interest On Car Loans Hits 35%
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this...