The government must ensure that the state owned and the wholly Ghanaian owned banks get at least 80% of the banking revenue in Ghana.
The government must ensure that the state owned and the wholly Ghanaian owned banks get at least 80% of the banking revenue in Ghana.
tegare 10 years ago
I've said this before, the answer is full reserve banking.
I've said this before, the answer is full reserve banking.
Kofi Ata, Cambridge, UK 10 years ago
Daniel, the issue of bank loans has gained political capital in Ghana because of the events leading to the recent sale of a public bank in Ghana. That is the context within which the publication of such names should be seen.
... read full comment
Daniel, the issue of bank loans has gained political capital in Ghana because of the events leading to the recent sale of a public bank in Ghana. That is the context within which the publication of such names should be seen.
However, I am also tempted to believe that a bank can justify and defend its decision to publish name of such defaulting customers as being in the interest of the bank, if after the publication a reasonable percentage has been recovered or arrangements have bee agreed with the defaulters regarding payments of the loans and such arrangements are been adhered to.
The fact is that this could happen in Ghana because the country has become lawless. The banks have alternatives means to recover their money rather than resort to illegality. For example, measures such as recovering securities used as collateral for the loans including seizure of private movable and non movable properties through the courts, selling such properties and using what is realised from the sale towards the loans.
KKB 10 years ago
Hi, Korang. How did you manage to get ghanaweb to format your article with italics, bolds, indentions, bullets etc? Are you an insider? Please tell us how you managed it. Ghanaweb editors don't care a hoot about such things.. ... read full comment
Hi, Korang. How did you manage to get ghanaweb to format your article with italics, bolds, indentions, bullets etc? Are you an insider? Please tell us how you managed it. Ghanaweb editors don't care a hoot about such things...
Kofi Ata, Cambridge, UK 10 years ago
KKB, I also noticed that but assumed Ghanaweb has improved and therefore now able to publish articles with these features, otherwise, your question needs an answer. Whenever, I sent articles with data, bold, italics, bullet p ... read full comment
KKB, I also noticed that but assumed Ghanaweb has improved and therefore now able to publish articles with these features, otherwise, your question needs an answer. Whenever, I sent articles with data, bold, italics, bullet points, etc they are published without them.
papadoc 10 years ago
Daniel
The laws in Ghana simply do not work. You may have laws in Ghana but the laws are not enforceable. The lawlessness permeates every facet of life in Ghana. The banks do not have any means of collecting their debt other ... read full comment
Daniel
The laws in Ghana simply do not work. You may have laws in Ghana but the laws are not enforceable. The lawlessness permeates every facet of life in Ghana. The banks do not have any means of collecting their debt other than resorting to unconventional methods. People obtain loans from the banks with no intention of repaying the loans in the first place.
This difficulty with the banks reclaiming their borrowed money from clients is part of the broader non-availability of infrastructure to tract people so that people can be held accountable. And not until there are systems and policies that are enforceable in place nothing is going to change. And you wonder why the interest rate charged by the banks are so high? The banks are taking a lot of risk in lending to people with a very significant probability of defaulting on the loan.
KOKOTAKO/UK 10 years ago
I agree 100% with you about the atittude problems in Africa,Papadoc.But the banks can do publish the names legaaly: cbtain default jugement against the debtor, THEN GET THE PRESS ON THEIR CASE!! It will work in Ghana, per Al ... read full comment
I agree 100% with you about the atittude problems in Africa,Papadoc.But the banks can do publish the names legaaly: cbtain default jugement against the debtor, THEN GET THE PRESS ON THEIR CASE!! It will work in Ghana, per Alhaji Malik Kweku Baako,undefeatable.
KOKOTAKO/UK 10 years ago
Hi,Korang Esq,from your article we can see that you are a bright law guy, and we like your work so much.Why not take a group action IN PUBLIC INTEREST (for free)against these banks who appear to have been so negligent in gran ... read full comment
Hi,Korang Esq,from your article we can see that you are a bright law guy, and we like your work so much.Why not take a group action IN PUBLIC INTEREST (for free)against these banks who appear to have been so negligent in granting such toxic loans?re:Northern Rock.
STONE 10 years ago
BECAUSE OF STUPID LAWS LIKE YOU JUST QUOTED THAT'S WHY THE BANKS HAS STOPPED GIVING LOANS PERIOD AND EVERY BODY SUFFERS.THEY WILL RATHER INVEST IN TREASURY BILLS WHERE THERE IS NO RISK OF DEFAULT OR COSTLY LEGAL PROCCEDINGS. ... read full comment
BECAUSE OF STUPID LAWS LIKE YOU JUST QUOTED THAT'S WHY THE BANKS HAS STOPPED GIVING LOANS PERIOD AND EVERY BODY SUFFERS.THEY WILL RATHER INVEST IN TREASURY BILLS WHERE THERE IS NO RISK OF DEFAULT OR COSTLY LEGAL PROCCEDINGS. WHEN PEOPLE GET LOANS IN GHANA FROM THE BANKS THEY THINK IT IS A GIFT.IT TAKES TWO TO TANGO.YOU HAVE WRITTEN AGAINST THE BANKS,PLEASE WHAT IS THE RESPONSIBILTY OF THE CUSTOMER IN DEFAULT AFTER SEVERAL ATTEMPTS BEING MADE BY THE BANKS TO ALLOW HIM TO PAY THE DEBT?BANKS DO NOT JUST PUBLISH THE NAMES AFTER A DAY OR 2 IN DEFAULT,IT TAKES MONTHS EVEN YEARS AFTER DEFAULT AND SEVERAL ATTEMPTS TO COLLECT THE DEBT BEFORE NAME ARE PUBLISH AS A LAST OPTION
OKOE 10 years ago
MR. KORANG, WHAT ARE THE INTERESTS OF A BANK THAT REQUIRE PUBLICATION OF CUSTOMERS' NAMES?
MR. KORANG, WHAT ARE THE INTERESTS OF A BANK THAT REQUIRE PUBLICATION OF CUSTOMERS' NAMES?
The government must ensure that the state owned and the wholly Ghanaian owned banks get at least 80% of the banking revenue in Ghana.
I've said this before, the answer is full reserve banking.
Daniel, the issue of bank loans has gained political capital in Ghana because of the events leading to the recent sale of a public bank in Ghana. That is the context within which the publication of such names should be seen.
...
read full comment
Hi, Korang. How did you manage to get ghanaweb to format your article with italics, bolds, indentions, bullets etc? Are you an insider? Please tell us how you managed it. Ghanaweb editors don't care a hoot about such things.. ...
read full comment
KKB, I also noticed that but assumed Ghanaweb has improved and therefore now able to publish articles with these features, otherwise, your question needs an answer. Whenever, I sent articles with data, bold, italics, bullet p ...
read full comment
Daniel
The laws in Ghana simply do not work. You may have laws in Ghana but the laws are not enforceable. The lawlessness permeates every facet of life in Ghana. The banks do not have any means of collecting their debt other ...
read full comment
I agree 100% with you about the atittude problems in Africa,Papadoc.But the banks can do publish the names legaaly: cbtain default jugement against the debtor, THEN GET THE PRESS ON THEIR CASE!! It will work in Ghana, per Al ...
read full comment
Hi,Korang Esq,from your article we can see that you are a bright law guy, and we like your work so much.Why not take a group action IN PUBLIC INTEREST (for free)against these banks who appear to have been so negligent in gran ...
read full comment
BECAUSE OF STUPID LAWS LIKE YOU JUST QUOTED THAT'S WHY THE BANKS HAS STOPPED GIVING LOANS PERIOD AND EVERY BODY SUFFERS.THEY WILL RATHER INVEST IN TREASURY BILLS WHERE THERE IS NO RISK OF DEFAULT OR COSTLY LEGAL PROCCEDINGS. ...
read full comment
MR. KORANG, WHAT ARE THE INTERESTS OF A BANK THAT REQUIRE PUBLICATION OF CUSTOMERS' NAMES?