1+ hour, 50+ min ago  (421+ words) Professor Patrick Asuming, a senior lecturer at the University of Ghana Business School and an economist, posits that the falling monetary policy rate will achieve little for businesses unless the problem of elevated credit risk associated with high non-performing loans…...

2+ week, 6+ day ago  (269+ words) As the economy records improving macroeconomic conditions and stronger financial sector indicators, the Bank of Ghana has raised concerns over the effectiveness of monetary policy transmission and the banking sector's ability to support private sector activity. During the 130th Monetary Policy…...

1+ mon, 1+ week ago  (254+ words) Shrimp scampi originates from Italy, where scampi refers to small lobster-like shellfish traditionally saut'ed in olive oil, garlic, and herbs. When the dish was introduced in America, shrimp became a popular substitute, and butter and pasta were added to create…...

1+ mon, 2+ week ago  (198+ words) By Dr Richmond Akwasi ATUAHENE" iii. High Non-Performing Loans (NPLs) had contributed significantly to the higher lending rates in the country. Operational costs to gross income were recorded at 55. 1 percent at the end of December 2023, showing an improvement from 90. 7 percent in…...

4+ mon, 1+ week ago  (359+ words) Platinum Impex, operating under the brand Sigma Appliances, has reached a significant milestone in its commitment to "powering growth together" by distributing more than GH1million in cash rebates to its wholesale partners. The rewards were issued under the company's flagship loyalty…...

5+ mon, 4+ week ago  (538+ words) By Joshua Worlasi AMLANU This follows a nationwide study found that more than half of MSMEs remain shut out of formal credit despite their central role in the economy. "SMEs also have to meet financial institutions halfway," Prof. Fiador said,…...

6+ mon, 4+ week ago  (162+ words) By Ephraim Ofori NUMOSUOR Across the Western world, the moment a person secures a job, their life begins to take shape. They can buy a phone, rent an apartment, furnish it, and even get a car " all on credit. Why?...

7+ mon, 6+ day ago  (566+ words) According to the Central Bank's Domestic Money Bank's Income Statement, a total of GHS2. 086 billion was written off as bad debt by banks operating in Ghana. The total bad debt stock was 4. 7% less than that of 2020 which was GHS2. 183 billion. Dear readers,…...

7+ mon, 1+ week ago  (643+ words) The issue of problem loans is an albatross that keeps rearing its head in the affairs of financial institutions in both and advanced and less advanced economies. Granting loans is one of the core functions of banks. What are the…...

8+ mon, 1+ week ago  (498+ words) The Ghanaian economy is basking in what many would call "good times." Interest rates are down. The cedi has found a rare moment of calm. Fiscal discipline, at least for now, appears intact. In the glow of this relative stability,…...