Banking/Finance

Credit decline to private sector worries BoG

Governor of Bank of Ghana, Kofi Wampah

Governor of Bank of Ghana, Kofi Wampah The Bank of Ghana is worried about the decline of credit to the private sector which has dropped from 20.0 per cent at the last quarter of 2013 to 16.5 per cent. A credit conditions survey by the central bank showed a general tightening of credit for all loan types during the first quarter of 2014. But on the sidelines More...

Published 8 hours ago
Ghana Cedis
On Wednesday, April 23rd, 2014
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BoG under pressure to review foreign exchange measures

Ghana Cedis Pressure is mounting on the Bank of Ghana to review parts of its foreign exchange measures aimed at stabilizing the local currency. Importers have complained about the negative impact some of the measures More...

Ghana Cedi
On Wednesday, April 23rd, 2014
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Ongoing weakness in government’s blamed for Ghana’s poor creditworthiness

Ghana’s rating of B1, negative outlook, is constrained by the ongoing weakness in the government’s fiscal position due to ongoing spending overruns on the public-sector wage bill, high interest costs More...

From next month clients are likely to pay more for any service rendered to them by a bank.
On Sunday, April 20th, 2014
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Ghanaians to pay VAT on banking services

From next month clients are likely to pay more for any service rendered to them by a bank. Joy Business gathers that the commercial banks together with the Ghana Revenue Authority have now agreed for the tax on their More...

wpid-ghanacedis.jpg
On Sunday, April 20th, 2014
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Cedi measures are holding foreign currencies at bay

Head of Financial Stability at the Bank of Ghana, Mr Benjamin Amoah has said there is a slowdown in the depreciation of the Cedi, after measures by the Bank of Ghana (BOG) to halt it. The BOG introduced measures More...

wpid-ghanacedis.jpg
On Friday, April 18th, 2014
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Cedi fall blamed on demand & supply imbalances

Dr Nii Noi Ashong, an economist, has said an existing fundamental structural imbalance between demand and supply of foreign exchange was exerting depreciating pressure on the Ghana cedi. “The fundamental structural More...

Ambassador Baohong held discussions with Dr. Omane Boamah in Accra
On Friday, April 18th, 2014
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Chinese Ambassador tours ministry of communication

Ambassador Baohong held discussions with Dr. Omane Boamah in Accra The new Chinese Ambassador to Ghana, Sun Baohong, has pledged she will personally intervene for the release of funds by the China Exim Bank for More...

HFC
On Friday, April 18th, 2014
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Republic Bank makes HFC takeover move

HFC The biggest financial institution in the Caribbean, Republic Bank has announced its decision to make a mandatory offer to the shareholders of HFC Bank. The announcement was contained in a circular issued by More...

Mrs Pearl Esua-Mensah, Deputy Managing Director of UT Bank  
On Thursday, April 17th, 2014
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UT Bank to raise GH¢100 m to deepen capital base

Mrs Pearl Esua-Mensah, Deputy Managing Director of UT Bank  Management of UT Bank plans to seek authorisation from shareholders to raise a GH¢100 million to deepen its capital base. The bank will first look at More...

Simon Dornoo — Managing Director, GCB
On Tuesday, April 15th, 2014
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Ghana Commercial Bank Posts Gain

Simon Dornoo — Managing Director, GCB Ghana Commercial Bank (GCB) has delivered another round of strong performance for 2013, as the group recorded a profit after tax of GH¢229 million, up by 60 per cent in the More...



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