Ghana news briefing
BoG insist banks cut NPLs to 10%
The forum, supported by the BoG, was on the theme: “Financing distressed companies: The impact of NPLs, IFRS nine standards and prudential regulations on post-commencement financing for distressed companies under rescue and possible interventions.
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 Bank of Ghana (BoG) has directed commercial banks to reduce their non-performing loan (NPL) ratios to below 10 per cent by the end of 2026.
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