Tag Archives: LOAN

Minority shoots down loan approval over Supreme Court ruling

Minority Leader, Haruna Iddrisu, has scuttled the approval of over 38 Million Euros loan agreement between Ghana and Deutsche bank of Frankfurt for construction of 40-bed District Hospitals in three constituencies. The loan facility was to see the construction of 40-bed hospitals in Ayensuano, Effiduase, and Offinso as well as …

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‘I don’t take loans because the interest rates are ridiculous’ – Ken Agyapong

Assin Central Member of Parliament, Kennedy Agyapong has revealed that despite being in charge of several businesses, he does not take bank loans. According to him, the sole reason for that posture is because of the ridiculous nature of interest rates charged by the banks. Addressing students of the University …

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We’ve accounted for $1.3bn cocoa syndicated loan; ignore contrary claims – COCOBOD

The Ghana Cocoa Board (COCOBOD) has denied claims that it is unable to account for the $1.3 billion cocoa syndicated loan for the 2020/2021 crop season. The Member of Parliament for Juaboso, Kwabena Mintah Akandoh, on Thursday asserted that COCOBOD has failed to give a tangible explanation about the whereabouts …

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How it took Ofori-Atta four years to repay GH¢5 million UT bank loan – Amoabeng recounts

Ken Ofori-Atta defaulted on UT bank loan repayment He was not named Finance Minister at the time Prince Amoabeng writes book on the UT bank story It is important to note that Ken Ofori-Atta was not named Finance Minister as at the time events contained in the book ensued Ghanaian business mogul, …

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MPs justify US$100,000 car loan

Mr Rockson-Nelson Defeamakpor, Member of Parliament (MP) for South Dayi has justified the government’s decision to provide US$100,000 as car loans for MPs. According to him, all the other arms of government with the exception of the legislature are provided with official vehicles for their use without going for a loan. …

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Government announces $3.5M car loan for Council of State members; gov’t to pay 60% of the loan

Even before the debate on the car loan agreement for Members of Parliament settles, it has emerged that the Ministry of Finance actually tabled before Parliament a similar loan agreement with the National Investment Bank Limited, NIB, for the purchase of vehicles for Council of State members. Documents on the …

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Ken Ofori-Atta must not benefit personally from any government loans – Dr Kofi Amoah

• Dr Kofi Amoah says institutions owned by Ken Ofori-Atta should not benefit from any gov’t loans • This was in support of Isaac Adongo’s claim the MoF has appointed institutions of the Minister as a transactional advisor to the ministry • But the ministry has since denied this claim Ghanaian economist …

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UG opens no-guarantor student loan application process

The University of Ghana, Legon, has opened the application process for students who wish to avail themselves of the student loan facility for the 2020/2021 academic year. This was announced by the Student Representative Council of the university. A statement signed by the Public Relations Officer of the SRC, Mr …

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Kweku Baako goes ‘angry’ over D.K Poison’s $45,000 loa

Seasoned Journalist, Abdul Malik Kweku Baako has flipped his lid over D.K Poison vs the Government of Ghana case. President Nana Addo Dankwa Akufo-Addo has directed that the US$45,000 Ghana owes the professional popular Ghanaian boxer, David Kotei, affectionately called D.K Poison be paid to him on “compassionate grounds”. A …

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NDC will increase student loans by 100% – Edem Agbana

The National Democratic Congress’ (NDC) Deputy National Youth Organiser, Edem Agbana says his party is going to increase the Student Loan Trust Fund by 100% and reintroduce the Student Loan Trust Fund Plus. Speaking on Joy News’ Joint Caucus, Agbana stated that this has become necessary because his party in …

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