Confusion Rocks GCB Over Loans
The current Board of the largest indigenous bank, GCB, is facing credibility crisis following revelations that it sanctioned several huge loans without the requisite collateral from some influential...
Tag: loans
Kenya’s Cap On Interest Rates Threatens EAC Monetary Union
A law capping interest rates in Kenya has stoked fears of copycat legislation in East Africa and a reversal of common integration policies ahead of the launch of a regional monetary union. By virtue...
Professor Tarpeh Educates On Loan Scheme At Central Bank
Contrary to what been referred to in many circles in Liberia that the former governor of the Central Bank of Liberia Dr. Mills Jones that his then financial policies which includes the given of loans...
SMEs Bear Brunt of Loans Cut Off By Banks
Some Micro, Small and Medium Enterprises (SMEs) have already begun feeling the pinch from the caution by banks to cut off loans to businesses due to the high incidence of Non-Performing Loans on...
Banks Warned Not To Cut Lending Due To High NPLs
Commercial Banks in the country are being urged not to cut or reduce lending to the public and businesses due to the rising Non-Performing Loans (NPL) which has hit Ghana’s banking sector. This is...
HFC Awaits Court’s Ruling In Finatrade Debt Saga
HFC bank has told Citi Business News it will await a court ruling before it makes its next move following Finatrade’s indebtedness to it. HFC is one of many banks Finatrade is currently indebted...
Masloc Sees Massive Recovery Rate After Ban On Party Foot-Soldiers
The Micro Finance and Small Loans Scheme (MASLOC) says it no longer gives loans to foot-soldiers of political parties. The move according to MASLOC has resulted in a massive increase in the recovery...
MASLOC Disburses Loans to 89 Women Groups in U/R
Microfinance and Small Loans Centre (MASLOC) has disbursed GH?886,400 to 89 women groups in the Upper West Region, to improve their livelihood in line with government's transforming Ghana and...
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...
Obuasi East MP Opens Up
It has emerged that the country’s legislators are not living in affluence as it may appear to constituents and the general public at large.
The Member of Parliament (MP) for Obuasi East...