The Bank of Ghana is reportedly engaging banks in the country to help improve their risk management frameworks while the loan loss write-off policy continues. The move forms part of efforts to help make effective the transmission channel of the Central Bank’s Monetary Policy from the Non-Performing Loans (NPLs) angle. The Central Bank is also reportedly strengthening credit conditions through …

The recent Banking Sector Report published by the Bank of Ghana has indicated that banks prefer lending to foreign firms rather than indigenous ones due to the high Non-Performing Loans (NPLs) among local firms. Indigenous private enterprises accounted for 75.4 percent of total NPLs as at February 2019, while NPLs among foreign enterprises was just 10.2 percent. This means far …