Loan under-recoveries plaguing financial stability

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• COD 1 year ago

  You grant public money as loans among your own friends & cronies. The loaning practices is just like a booty created from the public purse and shared amongst yourselves making more difficult and near impossible to crack the w ...
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  You grant public money as loans among your own friends & cronies. The loaning practices is just like a booty created from the public purse and shared amongst yourselves making more difficult and near impossible to crack the whip on defaulters within the clique or syndicate. You’re masterfully stealing and robbing the poor in the Ghanaian society with law, pen and paper. You know the defaulters, so why is it difficult to go after them, Madam?

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• ObuasiMan 1 year ago

  This is not about the CJ and her SC. It is about the BoG playing a major role in crashing Ghana's economy by printing billions of Cedis, buying Government bonds, causing inflation to reach +50% and the Cedi to crash, affectin ...
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  This is not about the CJ and her SC. It is about the BoG playing a major role in crashing Ghana's economy by printing billions of Cedis, buying Government bonds, causing inflation to reach +50% and the Cedi to crash, affecting everyone. Has she forgotten "hair-cuts". Well now companies have no cashflows to payback loans.

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• Hannan 1 year ago

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• .com 1 year ago

  Ei Madam Elsie are you sure then it's joy news to receive defunct microfinance institutions investments soon as an investor.

  Ei Madam Elsie are you sure then it's joy news to receive defunct microfinance institutions investments soon as an investor.

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• Flash 1 year ago

  Lies every where. The lenders know who the actual defaulters are. Create loot and share. Loans are given to friends, associates and con business owners where the managers and credit team knows they all stand to benefit. The ...
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  Lies every where. The lenders know who the actual defaulters are. Create loot and share. Loans are given to friends, associates and con business owners where the managers and credit team knows they all stand to benefit. The genuine business person who needed the loan most for expansion but ready to sign the song of such corrupt (some) managers and credit officers will never get the loan.
  
  Until such practices are made to stop, NPL will continue to grow in the books of the Banks.
  
  Some thieves, fraudsters, confidence tricksters parading themselves as bankers, credit analyst and business men and women. The result?? More NPL.
  
  Let our honest and genuine hard working financial professionals help make credit processing transparent, having the depositers whose funds they loan in mind. Interest rate should be made affordable, the 36% to 40% charged by some commercial banks are highly unacceptable for any economic development. But where is the saviour???

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