By Adnan Adams Mohammed Commercial banks operating in Ghana must step up credit extension to the private sector while aggressively cleaning up their balance sheets, the Bank of Ghana …
Non-performing loans
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Economy and FinanceNews
Banks profit jumps near 50% amidst all-time low private sector credit-to-GDP gap
by Adnan Adamsby Adnan AdamsAs commercial banks posted a profit-after-tax of about GH¢9.7 billion, a 46.1% jump compared to GH¢6.7 billion recorded during the same period in 2024, private sector credit-to-Gross Domestic Product (GDP) …
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Economy and FinanceNews
Bank of Ghana plans to sell up to US$1.15bn from October
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) will commence foreign exchange (FX) intermediation under the Domestic Gold Purchase Programme, with plans to sell up to US$1.15 billion between October and the end …
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Economy and Finance
BoG goes hard on defaulters as it strategises to cut down NPLs
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) has issued new regulatory directives aimed at curbing rising non-performing loans (NPLs) as well as reducing risks to the profitability, liquidity, and solvency of the …
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NewsReal EstateTechnology
Rising NPLS: Real estate players share causes antidotes
by Adnan Adamsby Adnan AdamsPlayers in the real estate sector has shared their concerns leading to the rising Non-Performing Loans (NPLs) in the construction sector attributing the phenomenon to the lack of attractive mortgages …