The Bank of Ghana has reported a continued decline in average lending rates, with the figure dropping to 30.45% in October 2024. This marks a slight reduction from the 32.69% ...
The Bank of Ghana (BoG) has reiterated its commitment to clamping down on illegal lending platforms that exploit borrowers, threatening them with public humiliation and violating their privacy. This stern ...
In 2023, Ghana’s banking sector witnessed a significant shift in the performance of bad debt, marked by a substantial reduction in write-offs compared to the previous year. According to data ...
As the global economy continues to face uncertainty, financial institutions in Ghana are taking proactive measures to address the increasing non-performing loans (NPLs) by implementing strict policies to restrict credit ...
The Bank of Ghana (BoG) has issued a directive to all Banks, Specialized Deposit-Taking Institutions (SDIs) and Non-Bank Financial Institutions (NBFIs) to incorporate in credit agreements a summary of lenders’ ...
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