Tag Archives: LOANS

The Bank of Ghana’s July 2024 Monetary Policy Report has disclosed that the Non-Performing Loans (NPL) ratio in the banking sector increased to 24.2% in June 2024, compared to 18.7% in June 2023.   Even when adjusted for fully provisioned loan losses, the NPL ratio climbed to 10.8% in June …

The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen because the government of …

Amid rising interest rates on the money market, Chief Executive Officer of Letshego Ghana, Arnold Parker, has revealed that interest rates on Qwikloans will increase in the coming weeks. Qwikloan, an innovative financial solution by Letshego Ghana and MTN Mobile Money (MoMo), provides short-term, unsecured, quick and convenient loans to …

Medical Doctor, activist and Member of Parliament for Klottey Korle constituency, Honorable Dr. Zanetor Agyeman-Rawlings, says the lack of access to adequate loans to support women in agribusiness is a major reason why there are only a few women in the field. Dr. Zanetor said this while expressing her views …

Tanzanian President Samia Suluhu Hassan has defended her usage of loans from multilateral lenders, telling an audience in Accra that the institutions were her country’s lifeline in the Covid-19 pandemic. Samia, appearing on a panel alongside Presidents of Ghana, Mozambique, and Comoros, said the loans received from the International Monetary …

The Microfinance and Small Loans Centre (MASLOC) has recovered only GH₵90 million of the GH₵204 million disbursed over the last five years, representing 45 per cent payment. Hajia Abibata Shanni Mahama Zakariah, the Chief Executive Officer of the Centre speaking to the Ghana News Agency in Bolgatanga on the sidelines …

Roads Minister, Kwasi Amoako-Atta, has indicated that government is seeking to use E-Levy as collateral after its passage in Parliament. According to him, government in its wisdom will use the E-Levy to bring in greater revenue that would be securitized and used to raise a bond for road infrastructure. The …

Assin Central Member of Parliament, Kennedy Agyapong is not happy with his party, the New Patriotic Party, NPP. Agyapong’s concern relates to the sanctimonious nature of the NPP’s politics, where the party gives developmental attention to areas where they don’t get any votes. He particularly touched on the area of …

Bank of Africa, Stanbic and Calbank offered the highest cost of credit The report is based on information collected from banks The APR reflects the true cost of a loan and processes undergone for its approval The September 2021 Annual Percentage Rates (APR) by the Bank of Ghana has revealed that Republic …

President Akufo-Addo orders Finance Ministry to pay $45,000 owed D.K Poison, Ghana’s first-ever world boxing champion David Kotei, popularly known as D.K Poison is finally going to receive the $45,000 he loaned to Ghana forty years ago. This comes after President Nana Akufo-Addo told the Finance Ministry to expedite the …