Tag: loans
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Economist urges Gov’t to announce modalities for accessing GHS600m SME loan on time
The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain…
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First National Bank offers 6 months loan repayment deferment to customers
First National Bank is giving all its existing customers an opportunity to apply for repayment holidays, where a temporary moratorium will be placed on loan repayments for up to six months. According to the bank, the offer, which is part of its #RealHelp package is to bring relief to customers impacted by novel Coronavirus pandemic.…
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DalexSwift investment clients to enjoy zero percent interest for 3 months
As part of measures to mitigate the economic impact of the novel Coronavirus (COVID-19) pandemic on individuals and businesses in the country, Dalex Finance, is offering loans to all its DalexSwift investment clients at a zero percent interest rate for the next three months. The bank’s offer comes after the Bank of Ghana in a…
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IMF’s request for reduced interest payment on loans will help Ghana – Lord Mensah
Economist, Dr. Lord Mensah, is hopeful the International Monetary Fund’s (IMF) appeal to developing countries’ creditors to reduce interest payment on loans will help ease up the burden on Ghana’s external debt component if the creditors respond positively to it. In the wake of the COVID-19 pandemic, the IMF has urged creditors to consider the…
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Banks to cut back lending to energy sector
Banks are expected to tighten their lending to the energy sector soon. It will follow the repayment of the accumulated energy debt to the affected banks. Currently, bids are being accepted for the first tranche of the bond to raise 6 billion cedis. This is expected to close by Friday, October 27, 2017. But Economist…
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Solve ‘non-collateral loans’ allegations internally – Nana Otuo to GCB Bank
Banking consultant, Nana Otuo Acheampong has called on the management of GCB Bank to take steps to address allegations that the bank’s board has been approving several huge loans without the requisite collateral needed. According to him, the act is likely to impact on the share price of the bank on the Ghana Stock Exchange…