First Treasury Bills sale for 2022 oversubscribed by 5.6%

Posted by - January 14, 2022

In its first trading of the year, the sale of Government Treasury bills was marginally oversubscribed by 5.6% to the tune of a little above ¢1.03 billion. At the same time, interest rates remained stable, from last year. This is a good omen for the government since the sale of T-Bills fluctuated throughout last year.

Two new banks coming soon – Banking Consultant reveals

Posted by - December 9, 2021

A Banking Consultant, Nana Otuo Acheampong has revealed that there could be two new banks joining the banking industry soon. This is coming after completion of the banking sector clean-up, almost two years ago. Though he did not mention names, he says the banks are presently working around the clock to secure banking license from

Cedi under intense pressure; ranked among African currencies with ‘Worst Spot Returns’ – Bloomberg states

Posted by - November 29, 2021

Bloomberg has stated that with barely five weeks to end the year, the Ghana cedi has come under intense pressure and is being classified among African currencies with the ‘Worst Spot Returns’. It’s now ranked 14th among 20 top African currencies tracked by Bloomberg.  It was actually the best performing currency in Africa in the first

Banks wrote off ¢1.37bn as bad debt in 8-months of 2021

Posted by - November 16, 2021

The Income Statement of the 23 banks published by the Bank of Ghana has revealed that banks in Ghana wrote off ¢1.37 billion as bad debt in August this year. The provision for bad debt which is as a result of loan losses, depreciation, amongst others was however slightly higher than what was recorded during