Finding timely solutions to banks’ loan challenges

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    Finding timely solutions to banks’ loan challenges

    The International Monetary Fund (IMF) defined a non-performing loan as follows: ‘A loan is said to be non-performing and problematic when payments of interest and principal are past due by 90 days or more, or at least 90 days of interest payment have been capitalised, refinanced or delayed by agreement; or payments are less than 90 days overdue, but there are good reasons to doubt payment will be made in full’. What is the situation in our country? At the end of 2015 financial year, the World Bank report put Ghana’s Non-Performing Loan (NPL) position at 11.2%. If we compare […]

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    THE ZERO SUM GAME OF BANKS’ DEPOSIT PROMOS

    I don’t know how many of us have been following this ugly trend in the banking system over some few years now particularly around this period of the year. Almost all the banks in the country not leaving out the Non bank financial institutions like savings and loans and Microfinance companies always waits for the last quarter of the year to unleash massive deposit mobilization campaigns or promos. This they do by using every available media to send the message that you can quickly get rich one time if you participate in their bank’s promo. Most airwaves, newspapers and billboards […]

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    What realistic exchange rate is good for Ghana cedi?

    An Economist, Jason Van Bergen said ‘aside from factors such as interest rates and inflation, the exchange rate is one of the most important determinants of a country’s relative level of economic health. Exchange rates play a vital role in a country’s level of trade, which is critical to most free market economy in the world.’ For this reason, exchange rates are among the most watched, analyzed and discussed economic indicators not only by government officials, business community but many other people even the less informed market women sometimes get interested in the debate. What is an Exchange Rate? An […]

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    GHANA ECONOMY: THE CONTRIBUTION OF NIGERIAN BUSINESSES

    In the next few months, UBA Ghana Limited, which started as Standard Trust Bank, the first Nigerian bank to make an incursion into the country’s banking landscape, will this year celebrate its 10th year anniversary in Ghana. Those of us that have been following developments in the Ghanaian banking industry will notice that it took UBA about four to five years to stabilize their operations in the country. Now, they have overcome the initial ‘fowl game’ which says that when a fowl get to a new town, it stands on one leg until it knows that it is a town […]

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    Africa’s Leadership Gap- Any Solution in view?

    Looking at how important this topic on leadership is, we must first establish the genesis of it. Why do we have to develop such rare qualities in our people and have result oriented leaders in the true sense of the word, if our continent, Africa must access good things of life the rest of the world are taking for granted? The author of leadership is the ultimate leader himself, our God. In his infinite wisdom from the first chapter of the book of knowledge, he established the leadership of man. He said man should have dominion (rulership) over everything he […]

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