{"id":413682,"date":"2017-09-02T09:00:11","date_gmt":"2017-09-02T09:00:11","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/09\/02\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\/"},"modified":"2017-09-02T09:00:11","modified_gmt":"2017-09-02T09:00:11","slug":"ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/09\/02\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\/","title":{"rendered":"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Indigenous financials institution, BEIGE Capital now Bank says it was not given the \u00a240 million loan facility it applied for at the Social Security and National Insurance (SSNIT) in 2015.<\/p>\n<p>The Bank said although it met the conditions outlined for the facility, the Trust declined the request.<\/p>\n<p>\u201cAs part of the credit application process, the borrower was required to present an item of collateral\u2026the BEIGE Group, thus presented two (2) of its assets to be used as collateral\u2026which was GH\u00a240million,\u201d a statement by the Bank said.<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p>There were media reports that the Bank may have been given the loan by the Trust. BEIGE Capital was quoted as the loan applicant.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/09\/2839261310588_3192479063394.jpg\" style=\"border-style:solid; border-width:5px; height:660px; width:497px\" \/><\/p>\n<p>Records from SSNIT\u2019s 279th Board of Trustees meeting held on December 15 and 16 captured the loan application, bearing the name of BEIGE Capital.<\/p>\n<p>The minutes said there were outstanding issues such as the proposed collateral, business lines, poaching of employees and macro-economic factors that were to be addressed.<\/p>\n<p>But the Bank said it was the mother company BEIGE Group that made the application, adding after all the conditions set out in the deal were met, SSNIT declined to the request.<\/p>\n<p>\u201cIt is The BEIGE Group, and not BEIGE Capital which applied for the facility [but] I would want to put this on record\u2026that this request was declined and never disbursed,\u201d BEIGE Bank said.<\/p>\n<p>The Bank said almost all banks in Ghana have a close relationship with SSNIT, which gives enables them to accept \u201cplacements or deposits.\u201d<\/p>\n<p>\u201cThis is a normal approach to building the working capital of banks, which are deposits,\u201d it justified its relationship with the Trust.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indigenous financials institution, BEIGE Capital now Bank says it was not given the \u00a240 million loan facility it applied for at the Social Security and National Insurance (SSNIT) in 2015. The Bank said although it met the conditions outlined for the facility, the Trust declined the request. \u201cAs part of the credit application process, the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":413683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-413682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/09\/02\/ssnit-board-didnt-give-us-\u00a240m-loan-requested-in-2015-beige-bank\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Indigenous financials institution, BEIGE Capital now Bank says it was not given the \u00a240 million loan facility it applied for at the Social Security and National Insurance (SSNIT) in 2015. The Bank said although it met the conditions outlined for the facility, the Trust declined the request. \u201cAs part of the credit application process, the [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank\",\"datePublished\":\"2017-09-02T09:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/\",\"name\":\"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-02T09:00:11+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/02\\\/ssnit-board-didnt-give-us-%c2%a240m-loan-requested-in-2015-beige-bank\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/09\/02\/ssnit-board-didnt-give-us-\u00a240m-loan-requested-in-2015-beige-bank\/","twitter_card":"summary_large_image","twitter_title":"SSNIT board didn\u2019t give us \u00a240m loan requested in 2015 \u2013 BEIGE Bank - Ghanamma.com","twitter_description":"Indigenous financials institution, BEIGE Capital now Bank says it was not given the \u00a240 million loan facility it applied for at the Social Security and National Insurance (SSNIT) in 2015. 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