Sucatrade

Finatrade Faces Imminent Liquidation

by

A commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is threatening the survival of some banks in the country. The company, which is arguably the biggest commodity trading company in the country, … Read more

Finatrade’S GH¢1.2bn Debt Exposes Banks’ Greed

by

The Chief Executive Officer of Dalex Finance, Mr Ken Thompson, says the risk of default on Finatrade’s GH¢1.2 billion debt to 26 banks could have been minimised, if the affected institutions were more thorough in their assessment of the company’s loan requests and in particular, the interdependencies that existed. If the banks exercised some extra … Read more