North Korean Diplomat Has ‘no Regrets’ Over Defection

Thae Yong-ho arrived in South Korea with his family earlier this year A high-profile North Korean diplomat who defected to South Korea has told the BBC that he has no regrets. Thae Yong-ho was Pyongyang’s deputy ambassador to London before he defected in the summer. He and his family are now under the South Korean … Read more

Banks Receive 2nd Payment of VRA ‘legacy Debt’

19 banks owed under the ‘legacy debt’ received second payment in the first quarter of September. This was part of schedule of payment as agreed between the banks and government. The Ministry of Finance, the Bank of Ghana (BoG), and the Ghana Bankers Association in August announced a roadmap aimed at clearing the Volta River … Read more

NPLs Will Reduce Significantly Before End of Year

President of Ghana Association of Bankers (GAB) has indicated that Non-Performing Loans (NPL) of banks should reduce significantly before the end of this year. Alhassan Andani’s assurance follows a substantial increase in Impairment Charge on loans and Advances by some listed banks, like Ecobank, CAL, SG and Standard Chartered Bank. The third quarter earnings revealed … Read more