Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
John Kumah, Deputy Minister of Finance The Government has underwritten the mortgage interest rate by 60 percent through the implementation of National Mortgage Scheme (NMS) under the National Homeownership Fund. The rate, according to Deputy Minister of Finance, John Kumah has been downsized from the 24 percent average market rate to 10 to 12 percent […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
Some commercial banks are raising concerns about the Bank of Ghana’s directive regarding the abolishment of the Over-the-Counter withdrawal charge. The Central Bank recently issued a notice to banks and specialized deposit-taking institutions to abolish what it calls unfair fees, charges and other practices in the banking sector. But in an interview with Joy Business […]
Republic Bank (Guyana) Limited (RBL) has gotten approval for a US$20 million line of credit from the Inter-American Development Bank (IDB) under its Trade Finance Facilitation Programme (TFFP). This approval, which was announced by the IDB yesterday, makes RBL the second local financial institution to join the TFFP. Demerara Bank Limited joined the programme in […]
President Nana Akufo-Addo, has commissioned 204 housing units, constructed in nine months, under the National Mortgage and Housing Finance Initiative. Commissioning the housing units Monday, on day two of his tour of Greater Accra, President Akufo-Addo described the completion of the 204 housing units as “one of the successes achieved during the two-year pilot phase […]
President Nana Addo Dankwa Akufo-Addo Monday commissioned 204 housing units at Community 22, Tema. The project, a pilot initiative of the National Mortgage and Housing Finance (NMHF), comprises one and two standard and expandable unit bedrooms for public sector workers. President Nana Addo Dankwa Akufo-Addo Monday commissioned 204 housing units at Community 22, Tema. The […]
Government as part of its plans to revive the affordable housing concept has established the National Housing and Mortgage Fund (NHMF). The schemes are the National Mortgage Scheme (NMS) and the Affordable Housing Real Estate Investment Trusts (REITs) (Rent-to-own) scheme. They are to make mortgages and rentals more affordable to public sector workers and will […]
Managing Director of Republic Bank, Mr. Farid Antar Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has launched its annual Christmas Loan Campaign for 2020. This year’s Christmas Loan Sale comes as part of the Bank’s Covid-19 reliefs to Ghanaians and offers an interest rate as low as 19 percent and a same […]
The group has planted over 16,000 trees across Ghana since its commencement The Green Republic Project over the weekend planted 1000 trees in the Northern Regional capital of Tamale, to kick start a two-year partnership to plant 2000 trees as part of thecommitment towards building successful communities and sustainable environment. Speaking at event, the convener […]
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