Banks’ interests on car loans drop to 31.1 % in June The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on vehicle loans. Its rate on your car loan is 39.8 percent. The report, however, stated that Bank of Baroda’s rate … Read more
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana, the figure declined from 11.2 to 10.9 percent within the one month period. Although its rate has dropped marginally, Omnibank … Read more
Stock market analysts are confident that the positive performance of the Ghana Stock Exchange will continue till the end of 2017. After recording negative growth for about two consecutive years, the market is said to be recording a positive turn at least as at the middle part of the year. The Managing Director of the … Read more
SOCIAL Security and National Insurance Trust (SSNIT) has held an employers’ workshop on online contribution report (CR) submission and payment through the banks. It is to train more employers in the social security payment process. The workshop was also to ensure employer satisfaction to transacting business with SSNIT. A release issued in Accra recently said: … Read more
As part of moves to establish and promote trade relationship among countries, the Russian Exim Bank has hinted of investing between 1 and 50 million dollars into key business sectors in Ghana. The Bank says the investment forms part of moves to enhance Ghana’s competitiveness and reduce unemployment. “The benefit from this business is the … Read more
Parliament is today expected to approve a credit facility of $22.5 million (approximately GHC96.3 million) for the purchase of official vehicles for all the 275 Members of Parliament (MPs). The loan facility is being secured by the Parliamentary Service from the Societe General Ghana (SGG) Limited with the Government of Ghana as the Guarantor. Ex-gratia … Read more
Societe General (SG) Ghana in partnership with the CFAO Equipment Ghana Limited, a subsidiary company of CFAO Group, has launched a promotion to help their customers have alternative source of power during power outages in order to support their businesses. Known as the “Get the power” genset offer, the initiative is to help customers purchase … Read more
Average interest rate on agricultural loans by banks has increased marginally to 33.2 percent as at the end of February this year, the Bank of Ghana’s Annual Percentage Rate and Average Interest report has shown. The report also shows that First Atlantic Bank offers the highest agric loans at 41.2 percent. But Standard Chartered Bank … Read more
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual … Read more
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual … Read more
The latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks released by the Bank of Ghana revealed that the industry average base rate as at February 28, 2017, was 26.9 per cent. This saw a drop of 0.7 percent … Read more
The average interest offered by banks on customer deposits has dropped by about 2.5 percent between January and February this year. The figure declined from 11.9 percent as at end of January 2017 to 11.6 percent as at end of February; the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the BoG … Read more
On the Ghana Stock Exchange (GSE,) year to date market performance has largely been influenced by 2016FY earnings report of listed companies; however the next few sessions of stock market activities will be equally influenced by the declaration and payments of dividends for the 2016FY period. Societe General Ghana [SOGEGH] recently announced final dividend figure … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
Standard Chartered Bank has been named as the bank with the lowest interest on customer deposits. According to the Bank of Ghana’s latest Annual Percentage Rates (APR) and Average Interest (AI) report, Standard Chartered Bank offered 4.3 percent on deposits of its customers as at end of January 2017. The report which contained the rates … Read more
Standard Chartered Bank has been named as the bank with the lowest interest on customer deposits. According to the Bank of Ghana’s latest Annual Percentage Rates (APR) and Average Interest (AI) report, Standard Chartered Bank offered 4.3 percent on deposits of its customers as at end of January 2017. The report which contained the rates … Read more
The National Security minister-designate, Albert Kan Dapaah, has denied the knowledge of a committee that was set up to sell the Ghana National Petroleum Corporation’s drillship. The GNPC’s drillship, Discoverer 511, was sold to pay off a US$19 million judgment debt owed to French multinational bank, Societe General. The ship was sold during the previous … Read more
Good morning, Ladies and Gentlemen of the press Good morning, fellow Ghanaians We wish to welcome you to the final edition of the Meet the Press series for this year, and consistent with our mandate, we are hopeful that at the end of this session with the media both the Citizenry and Government will be … Read more