Hotel Rates – Gillan's Inn http://gillansinn.com/ Fri, 03 Dec 2021 21:32:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://gillansinn.com/wp-content/uploads/2021/06/cropped-favicon-2-32x32.png Hotel Rates – Gillan's Inn http://gillansinn.com/ 32 32 Carbon Approves C&Y Loan – Times News Online https://gillansinn.com/carbon-approves-cy-loan-times-news-online/ Fri, 03 Dec 2021 18:55:09 +0000 https://gillansinn.com/carbon-approves-cy-loan-times-news-online/ Posted on December 03, 2021 at 1:45 p.m. Carbon County approved another loan for the operational costs of its children and youth department. On Thursday, commissioners approved loan number 5 to the ministry in the amount of $ 250,000, bringing the total of all loans in recent months to about $ 1.5 million. Commissioners chairman […]]]>

Posted on December 03, 2021 at 1:45 p.m.

Carbon County approved another loan for the operational costs of its children and youth department.

On Thursday, commissioners approved loan number 5 to the ministry in the amount of $ 250,000, bringing the total of all loans in recent months to about $ 1.5 million.

Commissioners chairman Wayne Nothstein said the loan is to cover everything from salaries to operations right now. The county is reimbursed about 80 percent of the state budget for the department.

The problem is, county budgets run from January 1 to December 31, while state budgets run from July 1 to June 30. This leaves the county guessing what the state will provide.

Carbon County’s budget for children and youth is currently $ 6.3 million and is expected to increase to $ 9.5 million in 2022.

On October 28, the county and state social services department reached a settlement agreement for the department. Full details of the settlement will be released once the agreement is signed by all parties.

The county said on Thursday it had yet to receive the signed copy of the state’s agreement.

In other financial areas, the county also approved loan number 2 to the Regional Aging Agency in the amount of $ 100,000. The loan is also intended for operating costs.


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Online mortgage start-up lays off 9% of its staff, or around 900, as IPO approaches https://gillansinn.com/online-mortgage-start-up-lays-off-9-of-its-staff-or-around-900-as-ipo-approaches/ Thu, 02 Dec 2021 00:44:50 +0000 https://gillansinn.com/online-mortgage-start-up-lays-off-9-of-its-staff-or-around-900-as-ipo-approaches/ Mortgage startup Better to lay off 9% of its staff, or around 900, TechCrunch reported. The company recently hired 7,000 people and is expected to go public with a valuation of $ 6.9 billion. The company also received an injection of $ 750 million from its backers, including SoftBank. Loading Something is loading. We are […]]]>
  • Mortgage startup Better to lay off 9% of its staff, or around 900, TechCrunch reported.
  • The company recently hired 7,000 people and is expected to go public with a valuation of $ 6.9 billion.
  • The company also received an injection of $ 750 million from its backers, including SoftBank.

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Online mortgage startup Better to lay off 9% of its staff, or around 900, TechCrunch reported Wednesday.

The company hired 7,000 people in anticipation of a


After-sales service

merger with blank check company Aurora Acquisition Corp to go public, bringing the company’s value to $ 6.9 billion.

This week, the New York-based company, which LinkedIn named America’s best startup in 2020 and 2021, received an injection of $ 750 million from its backers, including Aurora and SoftBank.

Citing anonymous sources, TechCrunch said one of the reasons for the layoffs is that rising mortgage rates are expected to cause the mortgage market to contract. Additionally, he reported, Better’s focus on loan automation could mean less need for manual labor.

The company sent Insider a statement from CFO Kevin Ryan: “A fortress balance sheet and a small, concentrated workforce has allowed us to play the offensive game to enter a homeownership market by. radical evolution. “

Do you work at Better? Do you have a story to share about working there or a glimpse of his layoffs? Contact reporter Alex Nicoll through the Signal encrypted messaging app at +1 (646) 768-4772 using a non-work phone, email to anicoll@insider.com, or Twitter DM to @AlexONicoll.


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NRM and Locomotion to introduce two-year moratorium on loans https://gillansinn.com/nrm-and-locomotion-to-introduce-two-year-moratorium-on-loans/ Tue, 30 Nov 2021 15:26:11 +0000 https://gillansinn.com/nrm-and-locomotion-to-introduce-two-year-moratorium-on-loans/ The National Railway Museum (NRM) in York and Locomotion in Shildon will introduce a two-year hiatus for lending objects and vehicles. The moratorium is to allow NRM staff to implement the museum’s Vision 2025 master plan and will cover loan requests received between January 2022 and December 2023. Existing loan agreements, those currently under discussion, […]]]>

The National Railway Museum (NRM) in York and Locomotion in Shildon will introduce a two-year hiatus for lending objects and vehicles.

The moratorium is to allow NRM staff to implement the museum’s Vision 2025 master plan and will cover loan requests received between January 2022 and December 2023.

Existing loan agreements, those currently under discussion, or proposals received before January 31, 2022, will not be affected.

Heritage galas will be required to give at least six months of rail vehicle requests to attend. Plans for Flying Scotsman in 2022 and centennial celebrations in 2023 will not be affected.

From January 2024, new loan applications will be reviewed according to the museum’s standard notice periods of six months before UK loans start and nine months for international loans.

Ed Bartholomew, Chief Curator at the National Railway Museum, said: “Vision 2025 is a unique opportunity to connect the past with the present, inspire innovators, engineers and problem solvers of the future and become the museum of the way iron of the world.

“We will continue to make the collection as accessible as possible, which includes lending items from the collection nationally and internationally, but as major redevelopments are underway, our ability to administer new loan requests will be reduced.” . Introducing the temporary break on new loans is a smart step to ensure the team can fully implement our ambitious plans. “

The National Railway Museum’s search engine will not be affected and will remain open to researchers. Many objects from the collection are also visible online at http://www.railwaymuseum.org.uk/research-and-archive.

Both NRM and Locomotion are part of the Science Museum Group. They care for a diverse and internationally significant collection of 7.3 million items, including 275 rail vehicles, of which 62 are on loan to partner organizations across Britain, and one wagon on loan to the DB Museum from Nuremberg, Germany.

Along with full-size locomotives and cars, the NRM is home to many smaller items, from original locomotive designs to ephemeral railroads, as well as an air-conditioned art store with 4,420 works of art, 11,500 posters and more. ‘a million photographs.

While the NRM and Locomotion have a moratorium on loans, thousands of items held at the Science and Industry Museum in Manchester, the National Science and Media Museum in Bradford, and the collections of the Science Museum Library and Archives will remain available for use. the loan.

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PM SVANidhi: Loans disbursed register a growth of 9% in QoQ; sanctioned requests jump 11% https://gillansinn.com/pm-svanidhi-loans-disbursed-register-a-growth-of-9-in-qoq-sanctioned-requests-jump-11/ Sun, 28 Nov 2021 13:45:00 +0000 https://gillansinn.com/pm-svanidhi-loans-disbursed-register-a-growth-of-9-in-qoq-sanctioned-requests-jump-11/ In order to promote digital payments among street vendors, RBI in August extended the reach of the PIDF program to street vendors covered by the SVANidhi program. (Image: Pixabay) Credit and financing for MSMEs: The number of loans disbursed under the PM SVANidhi microcredit program for street vendors to recover from the impact of Covid […]]]>
In order to promote digital payments among street vendors, RBI in August extended the reach of the PIDF program to street vendors covered by the SVANidhi program. (Image: Pixabay)

Credit and financing for MSMEs: The number of loans disbursed under the PM SVANidhi microcredit program for street vendors to recover from the impact of Covid grew by 9% during the second quarter (September-November) of the program launched on the 1st June 2020, showed official data by Ministry of Housing and Urban Affairs. In comparison, growth in its first quarter (June-August) was 18.5%. As of November 28, 2021, 26.68 lakh loans involving Rs 2,668.52 crore have been disbursed, compared to 24.48 lakh loans worth Rs 2,426.47 crore as of August 29, 2021 and 20.65 lakh loans involving Rs 2,045 crore as of June 3, 2021.

The program provides working capital loans of up to Rs 10,000 for 12 months to street vendors, including hawkers selling fruits, vegetables, tea, shoes, local snacks, books, etc. In terms of sanctioned loans, 30 lakh requests involving Rs 3,037.83 crore were sanctioned as of November 28, 2021, data from the regime’s portal showed. This was an increase of more than 11% from the 26.98 lakh requests worth Rs 2,696.26 crore sanctioned as of August 29, 2021. The total of requests received so far was from 49.45 lakh.

While the program had previously aimed to disburse 30 lakh loans in its first year, however, due to the lockdown and other restrictions in April and May this year after the second wave of Covid, it had managed to disburse nearly of 21 lakh requests. Sanjay Kumar, co-secretary of the Ministry of Housing and Urban Affairs, told Financial Express Online earlier that “30 lakh was a very ambitious target. However, we should have met or approached this target in April and May, but due to the second wave of Covid no loans were disbursed. In addition, while the device was launched on June 1, processing of requests began on July 2. So three months passed in vain.

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Almost 60 percent of borrowers under the program have been men and 41 percent have been women so far. 45 percent of borrowers were fruit and vegetable vendors followed by 21 percent engaged in fast food and food sales, 14 percent in cloth and hand-woven articles; among other categories of goods. Moreover, in terms of lenders, SBI had disbursed maximum requests – 8.26 lakh so far while 3 lakh has been disbursed by Union Bank of India, 2.58 lakh by Bank of Baroda, 2 lakh by Bank of India, 1.85 lakh by Punjab National Bank, etc. Uttar Pradesh, Madhya Pradesh, Telangana, Maharashtra and Andhra Pradesh were the top five states in terms of disbursements since the program began.

In order to promote digital payments among street vendors, the Reserve Bank of India (RBI) in August extended the scope of the Payment Infrastructure Development Fund (PIDF) program to street vendors covered by the SVANidhi program in levels I and II. centers. PIDF was launched in January this year to encourage the deployment of point-of-sale (PoS) infrastructure in small towns and northeastern states.

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Kisan credit card for dairy farmers, take advantage of loans up to Rs 3 Lakh at interest rates of 2-4% https://gillansinn.com/kisan-credit-card-for-dairy-farmers-take-advantage-of-loans-up-to-rs-3-lakh-at-interest-rates-of-2-4/ Sat, 27 Nov 2021 06:23:48 +0000 https://gillansinn.com/kisan-credit-card-for-dairy-farmers-take-advantage-of-loans-up-to-rs-3-lakh-at-interest-rates-of-2-4/ Union Minister Purshottam Rupala say it Kisan credit card will also be offered to dairy producers. This will allow them to obtain loans of up to Rs 3 Lakh at reduced interest rates. On the occasion of the National Milk Day celebrations in Anand, Gujarat, Purshottam Singh Rupala, the Union Minister of Fisheries, Livestock and […]]]>

Union Minister Purshottam Rupala say it Kisan credit card will also be offered to dairy producers. This will allow them to obtain loans of up to Rs 3 Lakh at reduced interest rates.

On the occasion of the National Milk Day celebrations in Anand, Gujarat, Purshottam Singh Rupala, the Union Minister of Fisheries, Livestock and Dairy also launched online IVF laboratories for cattle breeding in Hessarghata in Karnataka and in Dhamrod in Gujarat in addition to the distribution Gopal Ratna Prize.

“PM Modi has launched a new program for breeders which will benefit them enormously. Previously, KCCs were only issued to farmers, but now they will also be issued to dairy farmers. They can avail up to Rs 3 Lakh of credit at a very low interest rate, ”Rupala said upon reception.

The Kisan credit card enables beneficiaries to obtain loans from NABARD at prices ranging from 2 to 4 percent. Rupala appreciated the cooperative movement initiated by Dr Verghese Kurien and also commended NDDB and AMUL for maintaining the legacy and tradition of cooperatives, adding that this tradition has spread to many other states and made the country the largest milk producer in the world.

Stressing that technological interventions and innovations will not only usher in improved productivity but also encourage entrepreneurship, he commissioned online IVF laboratories in Hessarghata in Karnataka and Dharod in Gujarat, in addition to launching the “Grand Start Up Challenge 2.0” and web portal for “Breed multiplication farm”.

Minister on 15e November launched a nationwide campaign in which the benefits of the Kisan credit card will be extended to all eligible ranchers, dairy farmers and fishermen in the country. The campaign will run for 3 months from November 15, 2021 to February 15, 2022.


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Allschool brings new technology to online education https://gillansinn.com/allschool-brings-new-technology-to-online-education/ Thu, 25 Nov 2021 10:55:00 +0000 https://gillansinn.com/allschool-brings-new-technology-to-online-education/ Recent events have seen a growing interest in online education, so it’s no surprise that the founder of Allschool, entrepreneurs and investors are rallying to seize new opportunities. Singapore, November 25, 2021 (GLOBE NEWSWIRE) – Allschool, an innovative online education platform founded in Singapore, deploys its own integrated teaching technology, Classpod, which puts everything students […]]]>

Recent events have seen a growing interest in online education, so it’s no surprise that the founder of Allschool, entrepreneurs and investors are rallying to seize new opportunities.

Singapore, November 25, 2021 (GLOBE NEWSWIRE) –

Allschool, an innovative online education platform founded in Singapore, deploys its own integrated teaching technology, Classpod, which puts everything students and teachers need in a virtual learning environment at their fingertips , interactively.

Allschool emphasizes the experience and expertise of teachers to create greater flexibility in learning choices for students – whether in core subjects or extracurricular areas, in small groups or in classrooms. virtual classrooms – and these classrooms aren’t your typical Zoom reunion. No more 20th century whiteboards or annoying communications – information and interaction is available as needed, when needed, via videos, graphics and dedicated communication interfaces including smart tools, practices gamified, private sidebar instructions, and smart student incentives.

For institutions, there are opportunities, whether they are just getting to grips with their offerings online or ready to expand without limits beyond the physical classroom. Allschool can provide the technology to bring an educational institution’s entire curriculum online and, once there, use the platform to reach other cities, regions and countries. ‘they wish.

The courses offered by Allschool include Mathematical Thinking, Language and Literature (multilingual) and Natural Sciences, as well as interest development courses such as painting, musical instruments, sports, game design, life skills, etc. and imaginary. The teachers are native speakers of all fields.

Allschool’s parent company has joint investors with internationally renowned online education companies including IDG Capital, KKR, Sequoia China and GGV Capital. It has taught over 10 million courses in 130 regions and plans to work with Allschool to research and develop new teaching methods and systems.

“Interest is the main motivation for children’s learning,” explains the program manager. “In Allschool, from the selection of subjects to the mode of learning, children all over the world will experience the real pleasure of the learning process.”

Website: http://www.allschool.com

CONTACT: Name: Jessica Lau Phone: (+86)13391585780 Organization: Allschool


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What Sallie Mae’s Study Finds About Online Learning and Free Student Support Apps | https://gillansinn.com/what-sallie-maes-study-finds-about-online-learning-and-free-student-support-apps/ Tue, 23 Nov 2021 16:42:38 +0000 https://gillansinn.com/what-sallie-maes-study-finds-about-online-learning-and-free-student-support-apps/ Families and students admit obstacles with FAFSA, find it difficult to plan for life after higher education. Adobe Stock Every year, loan manager Sallie Mae publishes a study called How America Pays for College which reveals how students and families manage the costs of higher education. During the 2020-2021 academic year, affected by the pandemic, […]]]>

Families and students admit obstacles with FAFSA, find it difficult to plan for life after higher education.

Adobe Stock

Every year, loan manager Sallie Mae publishes a study called How America Pays for College which reveals how students and families manage the costs of higher education. During the 2020-2021 academic year, affected by the pandemic, a few key trends emerged.

Borrowing overall declined (12%) as did the number of students and families who applied for Free Application for Federal Student Aid (FAFSA). The majority admitted they planned for college earlier and helped pay for it while students attended, but struggled to assess post-graduate options.

Its latest survey of 985 parents and 1,000 students shows how these groups have responded to the online learning infusion made necessary by COVID-19. Although many were skeptical of its value when the pandemic struck, over 85% said they had had a ‘positive’ or ‘neutral’ experience with it, and more than half rated it as ‘good’ or “Excellent”. These numbers were even higher among blacks and Hispanics, who cited speed of completion, the ability to attend an institution outside their region, and the effectiveness of learning as benefits of fully online or hybrid modalities. .

“The pandemic can serve as a catalyst for innovation to improve the way colleges and universities deliver education to the many communities they serve, and it can be a driving force to create more equity in education. higher, ”the study authors said. “The opportunities and benefits of online learning to reach minority students may be clear, but there are still barriers: 28% of black families and 20% of Hispanic families say they do not have access to all the tools and technologies needed for e-learning. “

Huge obstacles remain to online implementation, including slow or poor internet connectivity experienced by a third of those surveyed. More than half admit to finding the online space distracting, and a similar percentage said it was not the best environment to try to work or meet other students. More than a third say the courses themselves are simply not suited to online spaces, and instructors have not adapted well to virtual education.

As a result, 75% were satisfied with the reopening of campuses, whether for full teaching or blended learning. But the acceptance by 70% of black students that online learning was comparable to face-to-face teaching is notable.

Cost for students and families

Another key data point of the study is the alarming free fall in the number of students filling out FAFSA forms. The percentage fell again in 2020-2021 to 68%, a drop of almost 10% from 2018-19 and a drop of 18% from 2016-17. The main reason they don’t apply is because they think they won’t qualify. About a third said they missed the deadline or felt it was too complex. “Likewise, many students did not apply for scholarships because they did not expect to receive one,” the authors said. “Exploring and responding to the reasons families give for not taking advantage of these funding sources can encourage them to apply and not miss out on valuable free help. “

Families spent just over $ 26,000 for education in 2020-2021, down from $ 30,000 the year before. Scholarships (16%) and grants (9%) remain key sources of funding, but not as important as one might expect, given rising tuition and fees and stagnant funding. income. Almost 75% of families who did not use the scholarships did not even apply for them. Other sources include:

  • Parents’ income and savings: 45%
  • Student loan: 11% (average of $ 8,775)
  • Parents’ loan: 9% ($ 11,394)
  • Student income and savings: 8%
  • Parents and friends: 2%

Families fully understand the costs incurred by borrowing from previous generations – where $ 1.73 trillion in student debt hangs over former students – and are trying to pay off those costs sooner. About 55% say at least some student loans are paid off while they are in college, which is 10 percentage points more than in 2019-2020.

Still, only 38% of families and students spoke of post-graduate options and savings, including how lucrative their career paths will be once they graduate and the potential for higher education. This data can provide key opportunities for admissions and career service centers ensuring that students are retained, achieve completion, and achieve long-term success.


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US Navy sailors forced to take LOANS after months of late payments https://gillansinn.com/us-navy-sailors-forced-to-take-loans-after-months-of-late-payments/ Mon, 22 Nov 2021 01:16:00 +0000 https://gillansinn.com/us-navy-sailors-forced-to-take-loans-after-months-of-late-payments/ Some US Navy sailors say they are forced to take out loans after months of delay in receiving their wages as they struggle to meet their living expenses. The Navy-Marine Corps Relief Society, which lends money to Navy members and their families, said it has seen an increase in loan requests in recent months. A […]]]>

Some US Navy sailors say they are forced to take out loans after months of delay in receiving their wages as they struggle to meet their living expenses.

The Navy-Marine Corps Relief Society, which lends money to Navy members and their families, said it has seen an increase in loan requests in recent months.

A source said Military.com that the problems started when officials began to consolidate staff and customer support detachments four years ago, resulting in staff shortages.

The Navy launched MyNavy Career Center in September with the aim of streamlining services.

“The closure of dozens of processing centers has taken this transaction burden and dropped it into a building’s value,” a petty officer told Military.com, who asked not to be identified.

“Our only way of communicating with them is through [MyNavy Career Center, or MNCC], which is not always great because it is [mostly] civilians with a knowledge database… all they can do is search for tickets and give status.

Company vice president Gillian Gonzalez told an industry publication she recently helped a soldier who had gone without pay for three months due to an enlistment extension and an error salary.

Although his command post worked tirelessly to resolve the issue, the sailor ran out of money while he waited to be paid, Gonzalez said. Military.com.

She said the relief society wrote her a check for $ 2,500 to help her.

“It’s happening all over the place,” she told the outlet. “It doesn’t seem to affect one geographic area more than another.”

loans after months of late payments, new report says” class=”blkBorder img-share” style=”max-width:100%” />

Some US Navy sailors say they’re forced to take out loans after months of late payments, new report says

The Navy-Marine Corps Relief Society recently assisted a soldier who had been without pay for three months due to an enlistment extension and a pay error

The Navy-Marine Corps Relief Society recently assisted a soldier who had been without pay for three months due to an enlistment extension and a pay error

It is not known how many sailors are taking out loans, nor how that compares to previous years.

Another sailor claimed the Reddit in July that she had not received any basic housing allowance for 16 months and had to sleep on friends’ sofas.

“My order administrator admitted ‘several mistakes were made’ when submitting my documents and that is why it is taking so long,” the woman wrote.

A woman said in a Reddit post that she went without housing allowance for 16 months and was forced to sleep on friends' couches if the request was processed.

A woman said in a Reddit post that she went without housing allowance for 16 months and was forced to sleep on friends’ couches if the request was processed.

“Every time I go to the administrator they tell me they are too busy to check my status or call [personal support detachment] for me and that they will eventually get there ‘

She said she tried to resolve the issue with her chain of command, but was only told to “be patient” as her financial difficulties escalated.

“My lease ended in May and I don’t have enough and I don’t earn enough to have my own apartment,” she said on the social media forum.

“I’m several months behind on bills, thousands of dollars in debt, and I would sleep in my car if my friends didn’t let me sleep on their couch.”

A soldier's pay depends on his rank and length of service.  A full-time recruited sailor earns $ 1,785 per month, while long-time Rear Admirals make up to $ 10,794 per month.  (The lower number represents a Rear Admiral with less experience)

A soldier’s pay depends on his rank and length of service. A full-time recruited sailor earns $ 1,785 per month, while long-time Rear Admirals make up to $ 10,794 per month. (The lower number represents a Rear Admiral with less experience)

The salary of a seafarer depends on his rank and his length of service.

A full-time enlisted sailor recruit earns $ 1,785 per month, while a chief petty officer with eight years of experience earns $ 4,189.50 per month, according to Navy figures.

Naval officers have higher pay, with full-time ensigns starting at $ 3,395.80 per month and long-serving Rear Admirals taking in up to $ 10,794 per month.

The Navy also provides basic housing allowances, clothing allowances and other benefits.

Naval Personnel Command spokesperson Cmdr. Matt Knight said that while the Navy is required to process requests for a change in Basic Housing Allowance within 30 days, delays do occasionally occur.

“Naval Personnel Command and our subordinate commands take every measure to ensure that the volume of transactions does not exceed our capacity, but sometimes arrears do occur for a variety of reasons,” Knight told Military .com.

“These arrears are resolved as quickly as possible to limit the impact on sailors.

Military.com’s late payments report sparked outrage online, with one Twitter user calling it “a disgrace to our nation.”

A Navy spokesperson said that although the military branch is required to process requests for a change in basic housing allowance within 30 days, delays do occasionally occur.

A Navy spokesperson said that although the military branch is required to process requests for a change in basic housing allowance within 30 days, delays do occasionally occur.

Some Twitter users were not happy to learn that the Sailors were facing salary delays, with one calling the situation

Some Twitter users were not happy to learn that the sailors were facing salary delays, with one calling the situation “pathetic” and another calling it “outrageous”.

“It’s pathetic,” tweeted another. “No one in our military should be forced to take out a loan because there are late payments.”

The late pay report emerged as the Nov. 28 deadline approached for a military vaccine warrant.

The Navy has a 99.7 percent vaccination rate.

Twitter user @CarlHigbie tweeted to Navy Sunday, saying, “You are forcing the healthiest people in the world to get vaccinated so they can continue to volunteer to potentially die for our country… So you DON’T even give them their paycheck? It’s scandalous!!!’

The Navy did not immediately respond to a request for comment from DailyMail.com.


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The outstanding public debt reached 341.8 billion yen in September 2021; ¢ 5.9 billion new loans added https://gillansinn.com/the-outstanding-public-debt-reached-341-8-billion-yen-in-september-2021-%c2%a2-5-9-billion-new-loans-added/ Sat, 20 Nov 2021 11:00:46 +0000 https://gillansinn.com/the-outstanding-public-debt-reached-341-8-billion-yen-in-september-2021-%c2%a2-5-9-billion-new-loans-added/ Ghana’s public debt stock reached 341.8 billion yen at the end of September 2021, the Bank of Ghana’s summary of economic and financial data for November 2021 revealed. This equates to 77.8% of gross domestic product (GDP) and confirms the concerns of analysts and economists that the country’s debt has reached alarming levels. Between July […]]]>

Ghana’s public debt stock reached 341.8 billion yen at the end of September 2021, the Bank of Ghana’s summary of economic and financial data for November 2021 revealed.

This equates to 77.8% of gross domestic product (GDP) and confirms the concerns of analysts and economists that the country’s debt has reached alarming levels.

Between July and September 2021, € 5.9 billion in new loans were added to the total debt. Much of the debt surge came from domestic debt and also from the slight depreciation of the cedi against the dollar.

However, the government had indicated in its issuance schedule for the last quarter of 2021 that it would borrow roughly one billion cedis, and so many market watchers, analysts and economists are hoping that the level of debt for the last quarter of this year will be at least stable compared to the current level.

According to data from the Bank of Ghana, domestic debt rose to 178.1 billion yen in September 2021, compared to 173.9 billion yen recorded in July 2021. This is equivalent to 40.5% of GDP.

The resulting consequence is the “crowding out effect” whereby companies compete for borrowed funds with the government.

It is important to note that the financial sector’s resolution obligation remained the same at 14.9 billion yen in September 2021. This is equivalent to 3.4% of GDP.

For external debt, it fell from $ 100 million in August to $ 27.9 billion in September 2021, or 37.2% of GDP.

However, the cedi component of external debt has skyrocketed due to the decline in the value of the cedi against the dollar.

Ghana’s economy grew 3.9% in Q2 2021

Ghana’s economy grew 3.9 percent in the second quarter of this year, according to provisional figures from the Ghana Statistical Service.

During the same period last year that Covid-19 emerged, the gross domestic product (GDP) growth rate was -5.7%.

However, the growth rate of non-oil and gas GDP (non-oil GDP) for the second quarter of 2021 was 5.2%, compared to a growth rate of -5.8% recorded in the same period last year.

According to the figures, the increase in the growth rate of gross domestic product (GDP) was driven by a strong recovery in the service and agriculture sectors.

The sub-sectors of health and social work (20.75%), information and communication technologies (20%), hotels and restaurants (18.7%) as well as fishing (12.7%) experienced significant growth.

Promising economic outlook but uncertainty persists – IMF

The International Monetary Fund, in its latest assessment of the Ghanaian economy, said the Ghanaian economy still faces significant uncertainty in the coming months despite the bright economic outlook.

This follows a gradual recovery from the COVID-19 shocks that severely affected the economy last year.

“Ghana has been hit hard by the COVID-19 pandemic. The government’s response has helped contain the pandemic and support the economy, but at the cost of a record budget deficit. The economic outlook is improving, although risks remain, especially given the evolution of the pandemic and the growing vulnerability of debt, ”the IMF Executive Board consultation under the article said. IV with Ghana.


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Asa Savings and Loans awards scholarship to needy students https://gillansinn.com/asa-savings-and-loans-awards-scholarship-to-needy-students/ Wed, 17 Nov 2021 12:08:00 +0000 https://gillansinn.com/asa-savings-and-loans-awards-scholarship-to-needy-students/ Asa Savings and Loans Limited awarded a scholarship to 10 bright and needy students from Koforidua to support their studies during the term. The scholarship valued at GH ¢ 5,000.00 was part of Corporate Social Responsibility (CSR). The beneficiaries who are five boys and five girls from five different schools in the Municipality of New […]]]>

Asa Savings and Loans Limited awarded a scholarship to 10 bright and needy students from Koforidua to support their studies during the term.

The scholarship valued at GH ¢ 5,000.00 was part of Corporate Social Responsibility (CSR).

The beneficiaries who are five boys and five girls from five different schools in the Municipality of New Juaben North along with their enthusiastic parents received a check for GH ¢ 500.00 each.

Graduates from Seventh-day Adventist Preparatory School (Asokore), Methodist Primary and Secondary School (Asokore), Greenland Preparatory School (Effiduase) and Presby Primary School (Effiduase) in the Municipality of New Juaben North were; “Crystabel Agyei, Francis Baah Osei, August Owusu Boateng, Martina Aba Ataa Sakyi, Gladys Pokua, Esther Frimpong, Jerry Mensah, Verisah Dede and Tetteh, Samuel Antwi”.

Support
Speaking to Junior Graphic, Asa Savings and Loans Limited regional manager Mr. Imarat Hossain said it is prudent for the bank to help future leaders in the community in which they operate.
He said the beneficiaries should be supported financially to enable them to achieve their goal in the future.
He asked parents to ensure that the sums received are used judiciously so that the children can study serenely.
Mr. Hossain urged students not to flinch but to keep studying very hard to excel in their exams and earn academic laurels.

Appreciation
A student at Greenland Preparatory School, Crystabel Agyei, expressed her gratitude to the management of Asa Savings and Loans Limited for the gesture which she said was a great relief for them and their parents who were struggling to pay their tuition fees.
Another student, Francis Baah Osei of Presby Elementary School, was also grateful to the bank and vowed to study hard and excel.


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