Ghana's non-performing loans in the banking sector increased to 24.1% in June 2024, prompting the Bank of Ghana to plan a reduction roadmap.

Ghana's non-performing loans (NPLs) in the banking sector have risen to 24.1% in June 2024, up from 18.7% in 2023. Factors including gov't arrears, macroeconomic instabilities, poor credit risk management, and high fiscal deficits contribute to the increase. The Bank of Ghana is urged to create a roadmap to reduce bad loans, aiming to reduce NPLs to <10 % 2025.< by end-december span>

July 31, 2024
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