There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate enhanced...
Social Security and National Insurance Trust (SSNIT) is suffering from the knock-on effect of loans gone bad in the banking sector, due to its large shareholding in the sector. With equity stake in...
Financial sector analysts are predicting a further contraction in credit to the private sector following their high contribution to the Non Performing Loans (NPL) of banks. They argue that the...
The banking industry’s stock of Non-Performing Loans (NPLs), increased by 24.5 percent between April 2016 and April 2017, the Bank of Ghana’s latest banking sector report has shown. The...
Rural and Community banks (RCBs) should endeavour to offer credit to qualified persons as regards favouring unqualified, but related applicants, since the development contributes to the rising...
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at CAL Bank, has said. Following a directive from the Central...
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, has said. Instead, he argues, financial...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
The Institute for Fiscal Studies (IFS) has said the new central bank governor, Dr. Ernest Addison, must ensure the issue of high non-performing loans within the banking industry is dealt with...
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...
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...
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...
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...
High asset risks pose the biggest challenges for banks in Ghana, says Moody's Investors Service in a report published today. "We expect asset risk for banks in Ghana to remain high over the coming...
Citi Business News has gathered that banks in Ghana have reduced lending to the private sector due to the continuous rise of Non Performing Loans(NPLs). The banks believe the move will reduce the...
The Bank of Ghana is optimistic of a further drop in the Non-Performing Loans (NPLs) of commercial banks at least by the first quarter of this year. Figures from the central bank indicate that the...
The Bank of Ghana has optimistic of a further drop in the Non-Performing Loans (NPLs) of commercial banks at least by the first quarter of this year. Figures from the central bank indicate that the...
Non-performing loans are set to reduce further downwards The Central Bank is optimistic non-performing loans will witness some significant decline in the next few months. Latest figure from the Bank...
