Economic Challenges: 15 Out Of 21 Banks Recorded Losses In 2021
15 out of 21 banks that have released their 2022 Audited Financial Statement registered losses last year. This record losses is as a result of a difficult economic environment that….
Tag: DDEP
May Day: Pensions Must Be Seen As Sacrosanct – ICU On DDEP
The Industrial and Commercial Workers’ Union (ICU) is raising concerns about the inclusion of pension funds under a new Domestic Debt Exchange Programme (DDEP). According to the ICU, the survival….
DDEP: Banks Had To Take Some Very Difficult Decisions – Awuah
Banks, following the domestic debt exchange programme, have recorded huge losses in the first quarter of the year. According to Chief Executive Officer of the Ghana Association of Banks, John….
Banks Still Strong, Have Enough Liquidity Despite DDEP – Ghana Association Of Banks
The Ghana Association of Banks (GAB) has stated that banks in the country are in good standing with their financial position despite losses incurred by the lenders due to the….
Blame Yourselves For Huge Losses In Government Securities – UGBS Senior Lecturer
Banks must blame themselves for the huge losses recorded in their books because of heavy concentration of their portfolios in Government of Ghana securities. According to a Senior Finance Lecturer….
DDEP: Banks Have Up To 2025 To Restore Minimum Paid-Up Capital; Industry Records Huge Loss In 2023
Banks have a maximum of four years, ending 2025, to restore the minimum paid-up capital. This is as a result of capital shortfall arising solely from the derecognition losses. According….
No Second Round Of DDEP For Pension Funds – Ofori-Atta Assures
Finance Minister, Ken Ofori-Atta, has explained that there will not be another round of domestic debt restructured. An earlier report had indicated that whiles the minister was making an address….
DDEP: Banks Loans To Businesses, Households To Fall Significantly – Fitch Solutions
Fitch Solutions has indicated that the banking sector loans will fall considerably in 2023, whilst deposit growth will decline marginally. It said Ghana’s client loan growth will ease from 30.2%….
Expect Coupon, Principal Payments On Bonds In 48hrs – Finance Ministry Assures Bondholders
The Ministry of Finance has assured that bondholders whose coupon and principal payments matured on February 6, 2023, and February 13, 2023 will receive their funds within the next 48….
DDEP: Government Commences Payment On Outstanding Bonds
The government has commenced coupon and principal payments on old bonds, the Ministry of Finance has said. “Following the press release issued by the Ministry of Finance dated 27th February,….