European football expert, Reuben Obodai brings our cherish readers a comprehensive update on how Ghanaian players performed in abroad this weekend. There were so many exciting performances from Ghanaian players across the globe but the pick among the bunch is Samuel Tetteh, who is continuing his superlative displays week-in-week-out for LASK Linz in the Austrian … Read more
The banking industry’s stock of Non-Performing Loans (NPLs), increased by 24.5 percent between April 2016 and April 2017, the Bank of Ghana’s latest banking sector report has shown. The industry’s NPL went up from 5.74 billion cedis in April 2016 to 7.15 billion cedis in April 2017. According to the report, the private sector accounted … Read more
Banks total provision for the first two months still remained high, according to the latest Banking Sector Report. Commercial banks in Ghana made a provision for bad debt of GH¢175 million at the end of February 2017, as against GH¢171 million the same period last year. A total of GH¢1.5 billion was however made as … Read more
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to the Graphic Business on condition of anonymity feared that they would be denied their end year bonuses to allow their … Read more
UniCredit (CRDI. MI) and Societe Generale (SOGN.PA) declined to comment on talk of a possible merger between them after their shares rose on speculation about a tie-up. Rumors about a possible merger between the French and Italian banks have been doing the rounds for several years and have re-emerged after Jean-Pierre Mustier, a former investment … Read more
The latest Bank of Ghana (BoG) Financial Stability, report covering operations of bank’s for the first seven months of this year shows Non-Performing Loans (NPLs) has hit GHC6.1 billion. Loans banks fear might go bad has been on the increase since last year with some even worried that it could have resulted in the collapse … Read more
The new financial stability report of the Bank of Ghana (BoG) has revealed that Ghanaian companies are still the biggest contributor of bad loans on the books of banks. According to the new report which covers developments in the Ghanaian banking sector for the first seven months of 2016 compared to the same period last … Read more