BoG directs banks to cut bad loans to 10% by end of 2026

Johnson Pandit Asiama, has directed all regulated financial institutions to reduce their non-performing loans (NPLs) to not more than 10 percent by the end of December 2026, warning that high levels of bad loans continue to constrain lending and weigh on Ghana's economic development.1 percent at the end of June 2026, down from over 23 percent during the same period last year, while the sector's Capital Adequacy Ratio stood at 20.1 percent as at end-June this year, compared to over 23 percent a year ago, while the Capital Adequacy Ratio stood at 20.