Banks’ Average Base Rate Increases To 27.8%
The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows ...
Tag: Standard Chartered Bank
Banks To Raise Cost of Lending
Cost of borrowing is expected to go up in the coming months as some commercial banks are planning to adjust ...
Guinness Ltd Benefits From StanChart’s Vendor PrePay
Guinness Ghana Breweries Ltd (GGBL) is the first client to benefit from Standard Chartered’s ‘Vendor PrePay’ (“VPP”) product in Africa. ...
Ghana Must Deal With Economic Uncertainty
Mr Ishmael Yamson, the Board Chairman of Standard Chartered Bank Ghana, says the banking environment is riskier today than it ...
Banks Are Weak
The country’s financial sector remains relatively weak and elementary after more than a century of financial services provision, Kweku Bedu-Addo, ...
Kwesi Botchwey Urges BoG To Do More For Banks
A former finance minister, Professor Kwesi Botchwey, has urged the Bank of Ghana (BoG) to come up with a stable ...
Favourable Creditworthiness Due To Prudent Economic Management
Finance Minister Seth Terkper says the favorable assessment of Ghana's creditworthiness by some rating agencies shows that government is on ...
Additional $200m Loan Awaits COCOBOD
The Ghana Cocoa Board (COCOBOD) has signed a $1.8billion cocoa syndicated loan agreement in Frankfurt, Germany, for the 2016/2017 cocoa ...
World Bank Fulfills US$700m Guarantee For Sankofa Project
The World Bank last Thursday approved a US$700 million guarantee for Ghana’s third oil and gas production field, Sankofa-Gye-Nyame, which ...
Stock Market Trade Hits 32,649 Shares
Volume traded on the Ghana Stock Exchange (GSE) hit 32,649 shares which were valued at GHS128,171.34 at the close of ...
Cocobod’s US$1.8bn Syndicated Loan Ready In Two-Weeks
Ghana Cocoa Board (COCOBOD) says it secured US$1.8 billion syndicated loan from a consortium of banks to allow it purchase ...
Only 3 Out of 36 Firms On Stock Exchange Post Growth
Only three out of 36 listed firms on Ghana’s Stock Exchange have since January 2016 registered growth in their share ...
Banks Tighten Grip On Lending
With barely three months to general elections in Ghana, banks are cautious about extending credit to businesses and individuals, some ...
Producer Price Inflation Inches Up To 10.3%
The Producer Price Inflation (PPI) rose to 10.3 per cent year-on-year in July 2016 from the 7.6 per cent recorded ...
Nigerian Economy In Recession With ‘record’ Low Foreign Investment
Abuja (AFP) - Nigeria's economy nosedived into a recession, official data showed Wednesday, with oil production hammered by militant attacks ...
GN Bank Does Not Offer Cheapest Mortgage Loans
The Bank of Ghana has retracted its earlier report suggesting that GN Bank offers the lowest rate on mortgages in ...
Banks’ Deposits Increase To GHC42.3 Bn In 2015 – PwC
The total deposits for commercial banks in the country increased to 42.3 billion cedis as at the end of December ...