Banks ditch businesses to satisfy government borrowing appetite
Image source: GhanaWeb

Banks ditch businesses to satisfy government borrowing appetite


Summary short_text

According to data published by the Bank of Ghana, the asset structure of the industry shows investment in government instruments in the first two months of the year makes up 43.1 percent, while net advances - loans given out - takes just 28 percent.

Again, the data show banks investments shot up by 45.9 percent to GH¢67.9billion, compared to growth of 7.2 percent in the prior year.


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