Tag: banks’ assets
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Risk-averse banks ditch credit advances for government securities
Latest data from the Bank of Ghana shows that Commercial Banks in the country continue to take the less risky route by using their monies on safe government securities like treasury bills and bonds. According to the Central Bank the growth in banks investment holdings in the first two months of the year, contributed to…
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Investment remains highest share of banks’ assets despite slow growth in February
A new report released by the Bank of Ghana(BoG) on the country’s banking sector performance shows that the largest component of assets of banks, that is investments, recorded a growth of 7.2% as at February 2020. This is lower compared to the 33.3% growth recorded in the same period in 2019. According to the Bank…