Tag: Loans
News
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...
Headline
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...
Business
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...
News
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...
Business
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...
Independent Africa
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...
Business
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...
Business
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...
Business
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...
Business
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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