Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified...
Local Businesses Worst Loan Defaulters in 2017 – BoG Report
Local private businesses were the worst culprits in repaying loans taken from commercial banks for...
BoG Puts Reference Rate For April At 16.82%
The Bank of Ghana has pegged the Ghana Reference Rate for April 2018 at 16.82...
New Electricity Bills To Start With Second Purchase in April- ECG
It is emerging that the much anticipated reduction in electricity tariffs may take a bit...
Kenya Pipeline Plans Cooking-Gas Plant Worth $125 Million
Kenya Pipeline Co. plans to build facilities worth $125 million to handle and store liquefied-petroleum gas...
Gov’t Targets $1.5bn Sovereign Bond In April
The Finance Minister, Ken Ofori-Atta has indicated that government may go to the international market...
Failed Bank Buyout Deal Shows Perils Of Investing In Nigeria
It looked like a done deal between a Nigerian bank in need of funding and...
Ghanaian Banks Exposed To Hacking
Most Ghanaian banks are vulnerable to hacking because they do not employ cloud software to...
Powerful Cartel Dictating Fuel prices – BOST Staff
There is a powerful cartel in Ghana that is controlling petroleum prices to the disadvantage...
Ghana Best Performer In Resource Governance In Sub-Saharan Africa
Nigeria scored 42 out of 100 points and ranks 55 among 89 assessments in the...
China Hits Back With Tariffs On US Imports Worth $3bn
China has imposed tariffs of up to 25% on 128 US imports, including pork and...