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You cannot prioritise securing new loans over fixing depreciating cedi – Ato Forson to gov’t

The Minority Leader, Dr. Cassiel Ato Forson, has criticized President Akufo-Addo for the emergency parliamentary session convened by the Majority caucus on Friday, May...

BREAKING: Former Mahama appointee jailed for 10 years

Former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe, has been has been handed a 10-year prison term...

How interest free loans were paid back by 98% of 1,200 women – McDan explains

Founder and Chairman of the McDan Group of Companies, Dr. Daniel Mckorley, shared insights into the repayment rates of interest-free loans provided to 1200...

Ghana using cocoa as collateral for loans – Bright Simons alleges

Vice President of IMANI Africa, Bright Simons, has alleged that Ghana to sell a portion of its future cocoa production in exchange for securing...

GHS2.416bn written off as bad loans by banks as of August 2023

Highlights from the Bank of Ghana's (BoG) Income Statement as of August 2023, indicate that banks in the country wrote off a total of...

Kenya’s additional Chinese loans are “not sustainable” – Analyst

Despite Kenya's public debt reaching $70 billion, President William Ruto joins other global leaders in Beijing for the tenth-anniversary meeting of China's Belt and...

GHS5.9bn worth of loans given out by banks, others in 2023 Q2 – BoG

Banks and Specialized Deposit-Taking Institutions (SDI) collectively issued and registered secured loans with a total estimated value of GHS5.9 billion in the second quarter...

Nigeria: Manufacturers of consumer goods secure loans totaling N1.8t for survival in HI’23

Amidst the backdrop of escalating interest rates and a scarcity of foreign exchange, prominent consumer goods manufacturing enterprises find themselves grappling with significant funding...

High cost of setting up businesses cause for skyrocketing inflation

The Ghana Union of Traders Association (GUTA) has expressed concern about the high expenses associated with conducting business in the country.Dr. Joseph Obeng, the...

Value of collateralized secured loans dropped to GHS5.6bn in first quarter – BoG

The value of secured loans for which collateral was recorded by banks and SDIs was GH5.26 billion in the first quarter of 2023, according...

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