Don’t Expect Cheaper Loans Despite BoG’s Rate Cut- Economist Dampens Hopes
The Bank of Ghana’s (BoG) bold 300 basis point reduction in the policy rate — the steepest in recent history — has been hailed as a significant step towards economic ...
Tag: NPLs
Farming Can Be Profitable—If We Fix This One Big Problem, Says DBG Economist
Access to affordable credit remains a persistent challenge in Ghana’s agricultural sector, and a leading economist at the Development Bank Ghana (DBG) believes the key to unlocking this constraint lies ...
Ghana’s High Interest Rates Limiting Credit to Real Sector– Deloitte Report
Ghana’s high interest rate environment continues to constrain access to credit for businesses in the real sector, according to the latest West Africa Monetary Policy Committee (MPC) Update by professional ...
Ghanaian Banks More Exposed To Credit Risk In 2021 – BoG
The recovery in Ghana’s economy gained momentum last year with a strong improvement in most economic indicators but the banking sector’s exposure to credit was slightly elevated. According to the ...
Banks Expect Lending Rates To Remain Broadly Unchanged in H1 2022 – BoG
The Bank of Ghana (BoG) has revealed that Ghanaian Banks do not expect lending rates in the country to change significantly in the first six months of the year. This ...
Credit to the private sector to expand by 8.6% in 2021
The International Monetary Fund (IMF) has forecast credit to the private sector in Ghana to grow by 8.6 percent in 2021 and it's expected to average 7.9 percent between 2019 ...
Credit to households picks up, goes above pre-COVID levels
Households share in total credit has continued to see a gradual improvement over the past three years and is currently above pre-COVID levels. According to recent data from the Bank ...
Copyright © 2021 The Vaultz News. All rights reserved.