Tag: National Investment Bank
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NIB MD laments cost of borrowing for private sector
The issue of private-sector lending continues to remain a problem as stakeholders in the banking sector have expressed worry about the high cost of borrowing for the actors in the private sector. Managing Director of the National Investment Bank, Samuel Sarpong, in interaction with Citi Business News, attributed the crowding out of private-sector lending to…
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BoG urges African DFIs to enhance credit rating positions to boost investment
The Bank of Ghana is urging Development Finance Institutions across Africa to ramp up efforts to enhance credit rating positions to attract more global investments. Access to global debt capital and loan markets continues to remain a problem hence the call by the Central Bank for these financial institutions to implement policies that will attract…
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Government injects GH¢800m into NIB operations
The government has injected GH¢800 million into the National Investment Bank (NIB) to help close the bank’s capital deficit and boost its operations to support the national industrialisation agenda. The injection of funds, which is in the form of a bond issued to the bank earlier in August this year, is part of efforts to…
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NIB takes steps to support Ghana’s industrial development
The Managing Director of the National Investment Bank, Samuel Sarpong, has given the strongest assurance yet that the bank would soon scale up its Development Banking mandate. This follows a recent working visit to the production facilities of Nestle Ghana Limited in Tema. Nestle Ghana Limited is one of the many industries NIB helped establish…