Tag: Emmanuel Akrong
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Gari processors at Akrofrom call for government support
The COVID-19 pandemic has undoubtedly taken a toll on all kinds of businesses whether big or small. In the Techiman North District of the Bono East Region for instance, some producers of Gari, a powdery food material flour made from cassava, have been counting their losses. The cassava producers, who are calling for government support,…
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32 banks fail to comply with financial statement publication rules (Article)
If there’s one thing I’ve learned over the years, it’s that little/small things matter. When I moved out of Ghana to US and Canada, one thing that I have seen separate Ghana from those two countries is that the little things matter. Sometimes we blame other people for the state of affairs of our country,…
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Is the ESLA considered as a bailout for Banks in Ghana? [Article]
Preamble: As noted in my recent article titled “Poor credit practices leading to high NPLs in Ghana”, I concluded that the primary cause of default for energy related SOE and BDCs debts is due to the banks irresponsible credit decision. In this article, I will like to expand on the above referenced article and demonstrate…
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Bank loans to dip over new minimum capital
The rise in the minimum paid up capital for commercial banks will further restrict lending to the private sector at least within the short to medium term. The development should be expected due to the operations of commercial banks which have limited the amount of credit offered businesses. The caution comes on the back of…
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Impact of new minimum capital requirement on banks (Article)
Capital requirement is the minimum amount of capital a bank or other financial institution has to hold as required by its financial regulator. A bank’s capital adequacy ratio on the other hand is expressed as a ratio of equity as a percentage of risk-weighted assets. These requirements are put into place to ensure that these…