International
Vietnamese billionaire sentenced to death for $44bn fraud
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […]
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Featured
Load-shedding timetable: ‘I am disappointed in the Energy Minister’ – Bawa
A member of the Mines and Energy Committee of Parliament and MP for the Bongo constituency, Edward Abambire Bawa, has expressed disappointment over the comments made by Energy Minister Matthew Opoku Premspeh. The Energy Minister, whilst responding to reporters on the current state of power supply in the country and the calls for a load-shedding […]
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Featured
Minority rejects $450m loan deal; demands withdrawal of $449m tax waiver
The Minority in Parliament has strongly objected to two loan agreements currently under consideration by the legislative body. The government is seeking parliamentary approval for a $300 million loan from the World Bank to fund the First Resilient Recovery Development Policy and an additional $150 million for the ongoing Greater Accra Resilient and Integrated Development […]
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Headlines
Germany, ADB support creation of 1,600 jobs
…through set up of Northshore Apparel GH Limited Construction of a large-scale apparel manufacturing facility has commenced in Savelugu in the Northern Region to create over 1,600 jobs for women and youth in Northern Ghana. Students from the Savelugu School for the Deaf will be among the vulnerable to benefit from jobs to be created […]
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Banking and Finance
Total value of secured loans dips significantly by 54.5%
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and Specialized Deposit-Taking Institutions (SDIs) stood at almost GH¢5.9 billion compared to the GH¢13.2 billion in the same period of 2022. This huge decline of GH¢7 billion in […]
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General News
NSS releases first batch of pin codes for trained teachers
The National Service Scheme (NSS) has released the first batch of PIN CODES for thirteen thousand, three hundred and fifty-three (13,353) eligible Ghanaian Trained Teachers to enable them to enroll to be deployed to offer their one-year mandatory national service for the 2024 service year. A statement issued by the Scheme said all eligible trained […]
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General
Odorkor ‘1’ KG and primary school receives support from ASA Savings and Loans
In an initiative to improve teaching and learning at the basic school level, ASA Savings and Loans Limited through it Odorkor Branch has presented some infrastructure needs to the Odorkor ‘1’ KG and Primary School in the Ablekuma North Municipality of the Greater Accra Region. The team led by the Area Manager of the company, […]
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Business
ADB Targets Raising GH¢2bn Additional Capital
Daasebre Agyapong SHAREHOLDERS OF the Agricultural Development Bank PLC (ADB) have granted approval to the board for a record capital injection of GHS2 billion to strengthen operations. The approval
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Featured
Ghanaian banks refused to give me loans for my projects – Cheddar
Founder of the New Force Movement and Ghanaian Entrepreneur Nana Kwame Bediako, popularly known as Cheddar or Freedom Jacob Caesar, has disclosed his rejection to secure loans from some financial institutions in the country. He decried several Ghanaian banks that turned down his request to grant him loans to facilitate his projects and his array […]
The post Ghanaian
Business
Quick Loan Ends House- To-House Debt Collection
Richard Nii Armah Quaye Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye has announced that following stakeholder engagement the house-to-house debt collection exercise has been suspended
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General News
Akufo Addo appoints Nuhu Bayorbo Mahama as SLTF Boss
Nuhu Bayorbo Mahama President Akufo Addo has appointed Mr. Nuhu Bayorbo Mahama as the Chief Executive of the Students Loan Trust Fund. In a letter signed on Tuesday, January
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Health
ASA Savings and Loans Limited supports Ansaful CHPS compound
ASA Savings and Loans Company Limited in Winneba, located in the Central Region, has supported the Ansaful CHPS compound to enhance its operations. The company presented a television set, an air conditioner, a water tank, a digital BP machine, and a weighing scale. During a brief ceremony, the area manager for the company, Mohammed Nasimul […]
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General
Benim Community hails ASA Savings and Loans for provision of potable water
It was an intervention that came at the right time after a mechanized borehole and an adjoining 10,000-liter water tank were commissioned and handed over to the Benim Community in the Asante Mampong Municipality of the Ashanti Region. Some inhabitants had to abandon their farms and daily activities to witness the ceremony, which was to […]
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Featured
Nuhu Bayorbo Mahama appointed as new CEO of Students Loan Trust Fund
Nuhu Bayorbo Mahama has been appointed as the new Chief Executive Officer of the Students Loan Trust Fund. This was announced in a letter the Chief of Staff, Akosua Frema Osei-Opare, wrote to Mr. Mahama dated January 2, 2024, and sighted by citinewsroom.com. “Pursuant to Section 13 (1) of the Students Loan Trust Fund Act, […]
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Health
ASA Savings and Loans donates medical items to Korle Bu Polyclinic
ASA Savings and Loans Limited, through its Kaneshie Zongo branch, has presented medical equipment to the Korle Bu Polyclinic/Family Medicine Department to enhance patient care and work output. The items presented include six quality wheelchairs, two swivel chairs, and three mobile blood pressure monitoring devices. During the handover at the Korle Bu Polyclinic premises, Madam […]
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Banking & Finance
Advans Savings and Loans ranks 69th at Ghana Club 100 Awards
Advans Ghana Savings and Loans Ltd., a multiple award-winning company and leading savings and loans firm, has risen from 85th place last year to 69th position at the Ghana Club 100 Awards’ 20th edition held in Accra. The Ghana Club 100 Awards, organised annually by Ghana Investment Promotion Centre (GIPC), celebrate the exemplary achievements of […]
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Business
Bayport hosts customers and partners to dinner, rewards long-serving staff
The leading financial services provider, Bayport Savings and Loans Plc, concluded activities marking its 20th anniversary with a dinner and awards ceremony to celebrate customers and partners and to reward some long-serving staff. The colorful ceremony took place over the weekend in Accra. The event also served as an occasion to reflect on the company’s […]
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Business
Bayport Savings and Loans gets ISO 27001 certification
Bayport Savings and Loans PLC, a leading financial services provider in the Savings and Loans sector in Ghana, has implemented an Information Security Management System (ISMS) to comply with the Cyber and Information Security Directive issued by the Bank of Ghana in 2018. The organization has successfully obtained ISO 27001 certification for its information security […]
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