By Adnan Adams Mohammed Ghana’s broader macroeconomic framework is exhibiting signs of steady monetary direction, even as persistent banking sector risks and rising construction material costs create localized inflationary …
Tag:
Non-Performing Loan (NPL)
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Economy and Finance
BoG orders banks to chase defaulters on ‘written-off loans’ …to avoid ‘moral hazard’
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Bank of Ghana (BoG) has directed commercial banks to aggressively pursue borrowers of fully provisioned loans, warning that completely erasing bad debts from their books …
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Business, Small BusinessEconomy and Finance
Banking sector performance improves significantly as total assets expand to GH¢493.9 billion
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Ghana’s banking industry has demonstrated robust growth and resilience, with the sector’s total assets expanding by an impressive 26.6 percent to reach GH¢493.9 billion. The strong …
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Economy and Finance
NPL risks cast shadow over Ghana’s economic recovery amid BoG rate cut
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Professional services firm Deloitte and the Bank of Ghana (BoG) have issued a dire warning: while Ghana’s macroeconomic indicators are brightening, a “stubborn mountain” of bad …