Credit Risk Heightens in 2020
An assessment on the banking sector performance in 2020 indicates that loan loss provisions grew by 28.0 percent, higher than the 23.6 percent a year ago reflecting elevated credit risks ...
Tag: Loans
Pandemic’s Impact on the Performance of Loans to Linger Until 2023.
A recent Banking survey report has revealed that the impact of the pandemic on the performance of loans and other financial instruments is expected to linger until 2023. According to ...
Government’s fiscal space to be very tight in 2021- Prof. Gatsi
Prof. John Gatsi, an Economist and the Dean of the School of Business at the University of Cape Coast has hinted that a very difficult fiscal situation awaits the country ...
IFC To Support Steel Manufacturing Plant Construction with $12 million loan.
The International Finance Corporation(IFC), a member of the World Bank Group, has announced a $12 million loan to Rider Iron and Steel Ghana Limited to support the company’s construction of ...
Savings and Loans companies record highest loan disbursements in the credit market
At the 10th Annual General Meeting of the Ghana Association of savings and Loans Companies (GHASALC) , held virtually due to the pandemic, the Executive Director Tweneboah Kodua Boakye was ...
GUTA Calls on BoG to Compel Financial Institutions to Waive Loan Repayments for Six Months
The Ghana Union Traders Association (GUTA) has called on the Bank of Ghana (BoG) to force all financial institutions to waive loan repayments for businesses as directed by the government. ...
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