Banks write-off GHC231 million as bad loans

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• Sam 9 years ago

  Ghana banks are all telling lies none of the Ghana banks ever lost even one cede ,they are "writing of " the loans as bad loans just to get a write off tax advantage so they will pay nothing on the huge profits which all t ...
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  Ghana banks are all telling lies none of the Ghana banks ever lost even one cede ,they are "writing of " the loans as bad loans just to get a write off tax advantage so they will pay nothing on the huge profits which all the banks made all year long until they defaulted .also bare in mind that all the loans which they claim they gave to people, were insured against defaults so once the people defaulted on the loans
  the banks went to the insurance company's and collected the entire amount of the loans, and that after taking moneys from the people that defaulted up to the point, that they defaulted [stop making payments]

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• Sinclear 9 years ago

  all the Ghana banks insured all their loans with multiple insurers
  at origination of this loans, the banks knew that the people will default and wanted to make money from their defaults so they insure all loans with amou ...
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  all the Ghana banks insured all their loans with multiple insurers
  at origination of this loans, the banks knew that the people will default and wanted to make money from their defaults so they insure all loans with amounts multiple time with different insurance company's so when loans defaulted the banksters collected the loan amounts multiple times [from the different insurance company's]and now that they got paid few times on each loan, they are making themselves victims and cry in the media using article like that so people feel bad from them, ha nonsense, not of us Ghana people are dummy's some of us know what you up to Ghana banksteres.

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