Banks to blacklist borrowers with bad credit history
Commercial banks and the Bank of Ghana are taking extra measures to make it more difficult for persons and businesses with bad…
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loans
Letshego Eases Back-to-School Expenses For Families With Reduced Rates…
Letshego Ghana, which is a subsidiary of Letshego Africa (Letshego Group) and advocates for education affordability, has launched…
Average lending rates shoot up marginally to 36.64% – BoG
Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of…
Average lending rates increase sharply to 35.58% in December 2022
Average lending rates shot up sharply to 35.58% in December 2022, from 33.87% recorded in November 2022, data from the Bank of…
Some banks begin suspending loans to new customers
Some banks in the country have begun suspending loans, particularly to new customers.
This follows the increase in the policy…
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 increased the Policy Rate by 250 basis point to 24.5%.
This…
Only 45% of MASLOC loans paid in five years
The Microfinance and Small Loans Centre (MASLOC) has recovered only GH₵90 million of the GH₵204 million disbursed over the last…
GCB Bank MD predicts strong growth in loans
The Managing Director of the GCB Bank Limited, John Kofi Adomako, has expressed optimism that banks will soon reduce their…
Government to borrow ¢611.94m in July to September 2021
Government will reduce its loans going forward as it will borrow only ¢611.94 million as fresh funds between July and September…
Demand for loans expected to rise – BoG
The latest credit condition survey conducted in October 2020 has indicated that demand for loans over the next two months is…