The Governor of the Bank of Ghana, Dr.
Johnson Asiama, has disclosed plans to roll out a sweeping directive aimed at reducing the high rate of Non-Performing Loans (NPLs) in the country's financial sector. Addressing bank CEOs during a post-124th Monetary Policy Committee (MPC) meeting in Accra on Tuesday, June 3, Dr.
Asiama emphasized that the upcoming regulations will enforce more discipline in credit administration and restore sound lending practices.He explained that the central bank will soon mandate banks to write off fully provisioned loans with no realistic chance of recovery-excluding those involving related parties.
In addition, regulated institutions will be required to cap their NPL ratios at 10% of total gross loans by the end of 2026.
