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Tuesday 17 October 2017


[N] PURC boss, Samuel Sarpong, sacked
[N] Don’t stampede gov’t into closing fuel stations – OMCs
[N] £350k Scandal: Otumfuo clean – Sacked Bank Official
[N] 245 suspected drug peddlers, prostitutes arrested in Ashanti
[N] Don’t follow ‘malicious’ social media – Rawlings advises Media General
[N] Gov’t withdraws Zongo Development Fund bill


[B] Ghana woos investors at IMF/World Bank Meetings
[B] Hybrid power stations to add 850MW to grid
[N] Agric College Students Picket At MoFA Today
[N] We don’t need cabinet meeting to solve gas explosions – Namoale
[N] Cost of home loans drop to 30.6 %
[B] Ghana’s exports rise to $ 8.9 billion
[N] Gov’t investigating report of Ghanaian ISIS fighters – Majority
[N] Tension in Bimbila ahead of late chief burial Thursday
[N] Akufo-Addo's 'one achievement, one launch' is new NPP strategy
[N] God is the reason - 13-year-old KNUST student says
[N] Workers on the Kejetia market project to lay down tools following threats
[N] Parliament tasks 3 committees to investigate gas explosions
[N] Mansco Gas must compensate explosion victims – Mahama Ayariga
[N] Police accused in Delta Force 13 case


[B] Airlines upbeat about boost in business
[N] Earlier charges against Delta Forces dropped
[N] SUNDA Int. & TWYFORD Ceramics donate to gas explosion victims
[N] Operation to ban public smoking in Tamale to be activated after six arrested in
[N] AUCC founder launches book about his life as public servant and private citizen


[S] Ghana Rugby team beats Mauritius in impressive Sevens campaign
[N] Thieves steal car at Legon after man fled from Atomic gas explosion
[N] Fuel explosions: NPA to employ 200 extra safety auditors – Agyarko
[N] Petrochemical workers opposed gov’t's new policy on gas explosions – Abu Ramadan
[N] Kwadaso Agric. College Students boycott lectures over unpaid allowances
[N] Court grants withdrawal of application against lawyer for EC boss
[N] Nana Addo to personally pay for presidential correspondent’s funeral
[N] NDC financiers, others frustrated our fight against 'illegal' fuel stations - Ay
[N] New Ya-Naa Will Be My 1st Year’s Crowning Achievement – Akufo-Addo


[N] Kwadaso MP visits flood prone areas after heavy down pour
[I] Ellen Johnson Sirleaf Touts Legacy As She Prepares To Step Down  
[N] Wassa Akropong Shooting; 4 Arrested
[N] Brother Of 13-Year-Old KNUST Student To Break Sister’s Record
[N] Encroachment of Owabi Forest cause of flooding at Atafoa- Assemblyman
[N] Kwadaso: building kills 2, 1 in critical condition
... go Back
General News

[ 2017-10-11 ]

Cost of home loans drop to 30.6 %
The average interest rate on mortgage loans
offered by commercial banks has dropped to 30.6
percent as at August 2017.

This is down from the 31.2 percent recorded in
July 2017.

According to the Bank of Ghana (BoG)’s Annual
Percentage Rate (APR) and Average Interest (AI)
report, the Royal Bank now offers the highest
interest on mortgages which is between 35.5 – 40.5

It topped the ten banks that offer mortgages to
their customers.

Following the Royal Bank closely is Ecobank with
an interest on mortgage at 34.1 percent.

It is followed in the third and fourth positions
by Prudential Bank and Energy Bank with interest
on mortgage loans at 33.6 and 33.3 percent.

Cal Bank continues to place fifth while offering
mortgage with interests at 31.1 percent.

The sixth and seventh positions are occupied by
Fidelity Bank and HFC Bank with interest on
mortgage loans at 30.3 and 26.2percent.

Stanbic Bank and Bank of Baroda took the eighth
and ninth tenth positions with interest on
mortgage loans at 25.5 and 22.0-28.0 percent.

Twenty two banks, according to the BoG report, do
not offer mortgage loans.

They include; Barclays Bank, Access Bank, ADB
Bank, Bank of Africa, BSIC, First Atlantic Bank,
FBN Bank GhanaFirst National Bank and GCB Bank.

The rest are; GN Bank, Guaranty Trust Bank,
Heritage Bank, National Investment Bank, Omnibank,
Premium Bank, Sovereign Bank, Standard Chartered
Bank, Societe General, United Bank for Africa,
Universal Merchant Bank, Unibank and Zenith Bank.

Source -

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