Tag: Bank of Africa
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Police interrogate loan defaulters of Bank of Africa
The Banking Sector Report released by the Bank of Ghana indicates that the total value of Non-Performing Loans has reduced considerably to about GH¢7 billion by end of June this year. The figure stood at 23.5 percent in April 2018, but saw a sharp decline to 18.9 percent in April 2019. Even though there is…
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Average interest rate on deposits stays at 10.4%
The average interest rate on customer deposits among commercial banks, remained unchanged at 10.4 percent in December 2017. According to the Bank of Ghana’s Annual Percentage Rate (APR) and Average Interest (AI) report, of the thirty-one banks that were surveyed, Bank of Africa offers the highest interest rates on customer deposits at 16.1 percent. Standard Chartered Bank…
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![Banks with top three highest mortgage loans [Infographic]](https://citibusinessnews.com/wp-content/uploads/2016/07/HOUSES-1.jpg)
Banks with top three highest mortgage loans [Infographic]
The latest Annual Percentage Rate (APR) and Average Interest (AI) report by the Bank of Ghana has shown that GCB Bank offers the highest interest on mortgages as at the end of February. Potential home buyers would be charged as much as 40.3 percent on loans they contract from the bank. Meanwhile Bank of Baroda…