Tag: Loans
Loans to Become Cheaper as Policy Rate Drops to 21.5% from 25%
The Bank of Ghana has lowered its policy rate to 21.5% from…
Reject Harmful Loans, Renegotiate for Fairer Terms – ITUC-Africa to Governments
ITUC-Africa’s General Secretary, Akhator Joel Odigie, is advocating instead for transparent renegotiations…
Financial Illiteracy: How Poor Loan Knowledge Threatens Families and the Economy
Financial illiteracy in Ghana leaves households and businesses vulnerable to debt traps,…
Businesses Must Get Ready as Central Bank Pushes Banks to Lend More
Businesses must strengthen financial readiness as Bank of Ghana pushes banks to…
New Madina Initiative Gives MoMo Vendors Cash Boost, Skills to Grow Businesses and Create Jobs
Madina’s new INSTABUSINESS programme will provide loans and training to Mobile Money…
Banks Must Lend More, But Manage Risk Tightly – BoG Governor
BoG Governor Dr. Johnson Asiama urges Ghana’s banks to boost credit to…
Fintech Revolutionizes Credit Scoring with Alternative Data, Expanding Access to Finance
Alternative data and digital platforms are driving financial access for underserved markets
GCB Bank Says it’s Increasing Cybersecurity Investments to Protect Customers
GCB Bank is increasing investments in cybersecurity and digital systems to protect…
Smart Borrowing: 14 “Golden Rules” to Know Before Borrowing from a Bank – A Bank of Ghana Advisory
As part of efforts to promote financial literacy and protect consumers from…
Ghana’s High Lending Rates Cooling, But Not Fast Enough for Struggling Businesses
Ghana’s average lending rate has declined slowly from 32.37% to 30.12% over…
Ghana Urged to Cut Reliance on Foreign Loans as Debt Pressures Persist – EIU Report
EIU urges Ghana to reduce foreign loan dependence, boost domestic revenue, and…
Local Banks Gain Ground as Foreign-Owned Banks Lose Dominance in Ghana’s Loan Market
Local banks in Ghana are gaining ground in the loan market, increasing…