The Energy sector debt owed to banks is the major contributor to Non Performing Loans in the country Banks in the country are optimistic of reducing the high Non Performing Loans recorded in the...
Players in the banking industry are upbeat about a turnaround in the sector with the assumption of office by President Nana Akufo-Addo. It also follows a reaffirmation by the President to develop the...
Players in the banking industry are upbeat about a turnaround in the sector with the assumption of office by President Nana Akufo-Addo. It also follows a reaffirmation by the President to develop the...
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to...
The impact of the high Non-Performing Loans (NPLs) on the books of commercial banks is set to reduce by the close of this year. At least this is the confidence expressed by some managers of banks....
The latest Bank of Ghana (BoG) Financial Stability, report covering operations of bank’s for the first seven months of this year shows Non-Performing Loans (NPLs) has hit GHC6.1 billion. Loans...
Government’s decision to restructure Volta River Authority’s (VRA) debts has been well received by banks in the country which are hoping such arrangements will be made for other State-Owned...
President of Ghana Association of Bankers (GAB) has indicated that Non-Performing Loans (NPL) of banks should reduce significantly before the end of this year. Alhassan Andani’s assurance follows a...
The new financial stability report of the Bank of Ghana (BoG) has revealed that Ghanaian companies are still the biggest contributor of bad loans on the books of banks. According to the new report...
Cost of borrowing is expected to go up in the coming months as some commercial banks are planning to adjust their lending rates upwards by about three per cent, Business Finder has leant. The banks,...
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of...
The Bank of Ghana(BoG) has disclosed that it will give commercial banks some space to meet a new capital reserve ratio that will be announced soon. According to the central bank, it is currently...
With barely three months to general elections in Ghana, banks are cautious about extending credit to businesses and individuals, some industry experts have told Business Finder. The uncertainty...
A former deputy Governor of the Bank of Ghana and the running mate of the NPP Dr. Mahamudu Bawumia has warned that eight banks in Ghana risks collapse due to the continuous hikes of bad loans on...
