Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified as loan losses, depreciation and others. According to the Bank of Ghana, banks reported lower impairments on financial assets in […]
Tag: Banks
Provide armoured bullion vans or go without police – IGP to bankers
The Inspector-General of Police (IGP), Mr. James Oppong-Boanuh has reminded the Association of Bankers to provide fortified armoured vehicles for carting currencies by the close of June, 2021, or the police will withdraw its officers from escort duties. The Police Service says the provision of fortified armoured vans has been agreed with the Association of […]
How husbands who keep their bank accounts secret enrich banks and bankers when they die, at the expense of their families
While talking with a female bank manager, she made a scary revelation to me. She told me how Nigerian bank vaults are filled with monies of dead men who kept their bank accounts secret from their wives. She explained it was against bank ethics or policies for an account officer to inform the relatives of […]