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Tag: loans

Banks Chase Customers with Loans as Interest Rates Ease, Says BoG Governor

Commercial banks in Ghana are now actively courting borrowers, a development the…

Kofi Ahovi

Ghanaians are shunning loans and it’s a worry – here’s why

Ghana’s credit market is showing signs of fatigue in 2025, marking a…

Kofi Ahovi

Interest on individual loans drops from 50% peak to 20-40% range

Interest rates on loans in Ghana have dropped sharply, retreating from the…

Kofi Ahovi

GEXIM to offer concessional loans – Mahama

President John Dramani Mahama, has indicated his government’s preparedness to reposition the…

Kofi Ahovi

Banks to blacklist borrowers with bad credit history

Commercial banks and the Bank of Ghana are taking extra measures to…

Kofi Ahovi

Average lending rates shoot up marginally to 36.64% – BoG

Average lending rates shot up marginally to 36.64% in February 2023, from…

Kofi Ahovi

Average lending rates increase sharply to 35.58% in December 2022

Average lending rates shot up sharply to 35.58% in December 2022, from…

Kofi Ahovi

Some banks begin suspending loans to new customers

Some banks in the country have begun suspending loans, particularly to new…

Kofi Ahovi

Businesses to shy away from loans as BoG hikes policy rate to 24.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has…

Kofi Ahovi