Finance

Please pay your loans – GCB MD to Ghanaians

The Managing Director of GCB Bank PLC, John Kofi Adomakoh, has entreated customers who take loans from banks to ensure that they pay up the loans.

According to him, this has contributed to the surge in non-performing loans in the banking sector.

The MD further asked banks to ensure that they retrieve loans given to customers.

“We have a bad habit in Ghana. We borrow money and we don’t want to pay. We have to pay. The bank should go out and collect the money. It is as a result of this that our NPLs are rising. It is as a result of this that pricing for loans is very expensive.

“We should make it a habit that you go to a bank to borrow…it doesn’t matter whether it is a GCB or XCB …. when you borrow money, your responsibility is to pay back and the banks must go out and collect their money and that is what GCB is doing otherwise we cannot lend,” John Kofi Adomakoh said.

He noted that if the attitude of not paying back loans continues, the banking sector will be greatly affected.

“If you continue to borrow from the bank and you don’t pay back, then the banks cannot lend…we are an emerging economy…we are a growing economy we have huge opportunities and banks have a role to play in making sure that liquidity is available for businesses to thrive. The general public please let’s pay your loans,” he noted.

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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