The Government Accountability Office (GAO) published a report that found after programmatic changes, including the current COVID-19 moratorium on student loan payments, and economic factors, federal direct student loans will cost the federal government $197 billion. Story at a glance A new government watchdog report found federal student loans will cost the government $197 billion. That’s after the Education …
The Chief Executive Officer (CEO) of Groupe Nduom, Dr Papa Kwesi Nduom, has described as “widely inaccurate” the Bank of Ghana’s (BoG) statement that sought to justify why GN Savings and Loans Limited was closed down by the entity. “The statements within regarding GN Savings are wildly inaccurate. Given the detailed information provided to the BoG nearly a year ago, …
ASA Savings and Loans has compensated the family of the two children molested by some workers of the Elmina branch of the company last year for defaulting in loan repayment, Child Right International (CRI) announced on Tuesday. Mr Bright Appiah, the Executive Director of CRI announced the decision of the company at a media briefing in Accra explained that the …
The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of ¢400 million. At a news conference in Accra Friday, BoG Governor Dr Ernest Addison said Vish Ashiagbor of …
