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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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Loans still highest earner for banks, Tbills second 

bycitibusinessnews
March 16, 2016
in Banking And Finance, Business, Top Stories
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Latest financial stability report revealed by the Bank of Ghana shows interest income from loans continue to be the main source of income for banks.

[contextly_sidebar id=”QiaNIc4XWsXLWm4a2dCX2sldLnZ2yeal”]Cash from loans constituted 51.5 percent of total income in December 2015 compared with 45.5 percent in December 2014.

The second highest income for banks is from investments, while the remaining is from fees and commissions.

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About 29.3 percent of income from banks for 2015 was from investments including treasury bills, shares and other equities.

While the rest of their income making up of about 11.6 percent came from fees and commissions.

According to the report, investment income share of 29.3 percent of total income in December 2015 was marginally above the 29.2 percent recorded in December 2014.

The share of income from fees and commission however declined to 11.6 percent in December 2015 from 12.8 percent in December 2014.

While banks’ investment in securities as a share of total investment decreased to 18.0 percent in December 2015 from 26.4 percent in December 2014.

Banks investment in Tbills up by 12%.

Investment in treasury bills as a share of total investment however increased to 79.1 percent in December 2015 from 70.2 percent in December 2014.

 Banks’ investments in shares and other equities as a share of total investment also declined to 2.9 percent as at December 2015 from 3.4 percent in the same period the previous year.

–

By: Vivian Kai Lokko/citibusinessnews.com/Ghana

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