Banks, offering mortgage loans, have blamed the general slowdown in economic activities and a weak purchasing power among Ghanaians, as reasons accounting for the decline in the demand for mortgage...
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...
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...
A loan worth 60 million dollars being procured by the government of Ghana for the Electricity Company of Ghana has left Parliament divided again. The loan is to upgrade the distribution network of...
Four loans sent to Parliament by government have been approved by the 275-member body. Parliament, which is expected to break on Thursday, November 3, 2016 for the December 7 polls is said to have...
Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for a Chinese loan is unjustifiable. The New Patriotic Party in a press conference earlier this...
Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for a Chinese loan is unjustifiable. The New Patriotic Party in a press conference earlier this...
A member of the Finance Committee of Parliament, Dr. Mark Assibey-Yeboah has questioned the GH¢1.9 billion to be expended on interest payments for the first quarter of next year, out of a total...
An Economist and Member of Parliament (MP) for New Juaben South, Dr. Mark Assibey-Yeboah, is cautioning Ghanaians not to expect anything good from the governing National Democratic Congress (NDC) in...
The Ghana Association of Savings and Loans Companies (GHASALC) will be holding its 6th Annual General Meeting (AGM) at the Holiday Inn, Accra on Thursday, October 20. Under the theme ‘Digital...
Aside the difficulty in getting guarantors, students are running away from the Students Loan Scheme due to rising graduate unemployment, as they are not sure they can land jobs immediately after...
About 2,000 traders in Accra who would have found it extremely difficult to access credit facility from banks, have been given a collateral-free loan by Capital and More Microfinance, to expand their...
Ghana's current policy rate set by the Bank of Ghana is 26 per cent. Such a rate may be considered to be too high given the current state of the economy, with economic growth for 2015 recorded at...
President of Groupe Ideal, a leading financial institution in Ghana, Dr. Nii Kotei Dzani, has cautioned loan applicants to desist from using fake and fraudulent documents with the intention of duping...
President of Groupe Ideal, a leading financial institution in Ghana, Dr. Nii Kotei Dzani, has cautioned loan applicants to desist from using fake and fraudulent documents with the intention of duping...
Long-term funds could drastically reduce the cost of mortgages, Head of Commercial Banking at Stanbic Bank, Abdul-Jaleel Hussein, has said, urging his peers in the banking industry to innovate in...
Government’s delay in the payment of contractors is affecting many local businesses including the loans recovery rate of the Wa Community Co-operative Credit Union (WACCU). Many contractors who...
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
The average lending rate of banks has hit 33 percent as at the end of August this year, the highest since 2003, the latest central bank’s macroeconomic and financial data has shown. This is a...
The GCB Bank has dismissed as complete fabrication, publications that its officials have granted some unauthorized loans to some individuals and companies. A statement from the Bank says the...
