• About
  • Contcat Us
  • Privacy Policy
Sunday, May 29, 2022
Primenews.com.gh
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
No Result
View All Result
Primenews.com.gh Logo
No Result
View All Result
Home general news

Cal Bank hints of challenges with granting fresh loans to businesses

by Justice Kofi Bimpeh
2020-05-27
in general news
Cal Bank logo

Cal Bank logo

18
SHARES
80
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Cal Bank has indicated it may have some challenges in granting fresh loans to businesses in the coming months. 

MD for the Bank Philip Owiredu said the Coronavirus has affected the repayment of loans to the bank.

He made this known at an engagement with shareholders and investors of the bank.

Philip Owiredu explained to the shareholders and investors that they have deferred the repayment of some of the constructions loans.

READ ALSO

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

High price volatility makes crypto assets unattractive as a means of payment – BoG

According to him, this has seen an uptick when it comes the non-performing loans of the bank. 

ADVERTISEMENT

“The loans are going to be challenged we have deferred some of the construction loans which had scheduled repayment we have deferred the repayment which will see an uptick when it comes to our non-performing loans as a whole. I do not think that in terms of construction looking at the book that we have now we will see a significant… in that but when it comes to other sectors like services, training, the hospitality industry who have been directly impacted by this…”

He stated that with other sectors of the economy which has also been affected like the educational sector they have put in place structures to help the institutions to still continue with their works to be able to generate revenue.

“So if the educational sector we have a product we fund a school, we are working with them to ensure that they have put in structures to be able to continue with tuition and at least generate some revenue.”

Tags: CAL BankCovid-19Ghana newsPhilip Owiredu
Share18TweetSend
Previous Post

Ghana’s Covid-19 death toll now 34

Next Post

Heavy security presence as EC holds IPAC meeting

Related Posts

NPP Elections: Prof Kalmonia re-elected as Savannah chairman
general news

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

2022-05-28
Russia-Ukraine conflict presents further risk to recovery – BoG Governor
general news

High price volatility makes crypto assets unattractive as a means of payment – BoG

2022-05-28
Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP
general news

Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

2022-05-28
The debt challenges are compounding for us in Africa – Akufo-Addo
general news

The debt challenges are compounding for us in Africa – Akufo-Addo

2022-05-28
COCOBOD closes purchases for 2021/2022 main crop cocoa season
general news

COCOBOD closes purchases for 2021/2022 main crop cocoa season

2022-05-28
2 killed in robbery at gold shop at Asamang Tamfoe
general news

2 killed in robbery at gold shop at Asamang Tamfoe

2022-05-28
Next Post
Heavy security presence at EC HQ

Heavy security presence as EC holds IPAC meeting

Compilation of new voters’ register to begin in June

Compilation of new voters' register to begin in June

ADVERTISEMENT

TRENDING NEWS IN GHANA

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

2022-05-28
Russia-Ukraine conflict presents further risk to recovery – BoG Governor

High price volatility makes crypto assets unattractive as a means of payment – BoG

2022-05-28
Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

2022-05-28
The debt challenges are compounding for us in Africa – Akufo-Addo

The debt challenges are compounding for us in Africa – Akufo-Addo

2022-05-28
COCOBOD closes purchases for 2021/2022 main crop cocoa season

COCOBOD closes purchases for 2021/2022 main crop cocoa season

2022-05-28
2 killed in robbery at gold shop at Asamang Tamfoe

2 killed in robbery at gold shop at Asamang Tamfoe

2022-05-28
Malawi slashes the value of its currency

Malawi slashes the value of its currency

2022-05-28
Ethiopia unrest: Sudden arrest of 4,000 spells fear in Amhara

Ethiopia unrest: Sudden arrest of 4,000 spells fear in Amhara

2022-05-28
Uvalde shooting: Texas shooting response was ‘wrong’, says official

Uvalde shooting: Texas shooting response was ‘wrong’, says official

2022-05-28
Jimmy Butler, who has been in the NBA All-Star team six times, joined Miami Heat in 2019

NBA playoffs: Miami Heat-Boston Celtics goes to decider after Jimmy Butler’s 47 points in game six

2022-05-28
ADVERTISEMENT

Must Reads

Malawi slashes the value of its currency

Ethiopia unrest: Sudden arrest of 4,000 spells fear in Amhara

Uvalde shooting: Texas shooting response was ‘wrong’, says official

NBA playoffs: Miami Heat-Boston Celtics goes to decider after Jimmy Butler’s 47 points in game six

Revenge or repeat as Liverpool battle Real Madrid for Champions League trophy in Paris tonight

‘We have a score to settle’ – Salah out for revenge in Champions League final

About

A Prime Network Limited Website.

Follow us

No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports

©2015 - 2020 Primenews.com.gh

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.