Ghana news briefing
Bank of Ghana insist banks cut non-performing loans to 10%
He said current requirements, including restrictions on dividends, bonuses and lending for banks with high NPL ratios, could affect institutions that provide post-commencement financing to distressed companies.
The Central Bank said the reduction was necessary to strengthen financial stability, improve credit growth and support sustainable financing of businesses.
Dr Ishmael Yamson, Chairman of the occasion and Board Chair of Scancom PLC (MTN Ghana), acknowledged the decline in NPLs but cautioned that some regulatory measures could discourage banks from providing rescue financing.
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