A Senior on the Assurance Unit of Deloitte Ghana, Kwame Osei Bonsu, is cautioning companies and debtors to promptly repay their loans acquired from banks or lenders.
In line with him, that is essential to safeguard the monetary ecosystem in Ghana and guarantee continuity.
Talking on the Pleasure Enterprise Masterclass on Pleasure FM, Kwame Osei Bonsu, mentioned any delay in paying again loans not solely impacts the borrower’s credit score historical past however prevents a lender from lending to different entities to make sure the continuity of their ventures.
“Paying again loans may be very key as a result of banks plan together with your cost schedule anticipating the cash as a result of they know that another companies want this money circulate. And together with your cost, they’ll fulfil that obligation”, he talked about.
He additionally furthered {that a} delay in repaying loans with out prior discover to the lender breeds distrust and jeopardises a borrower’s probabilities of accessing every other credit score facility going ahead.
He additionally urged lenders to do their due diligence to establish the credit score threat ranges of people or companies requesting for loans.
“When you have funds and also you wish to give out loans, it’s best to be capable of decide the precise dangers that you’re uncovered to so as to take choices that may profit you and the financial system”, he added.
Kwame Osei Bonsu additionally advised lenders to carry debtors accountable by calculating the anticipated threat related to the debtors and discover various avenues to make sure immediate compensation of loans.
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