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Tag Archives: NPLs

Bank of Ghana engages banks over high NPLs

Bank of Ghana engages banks over high NPLs 1

Follow @hiplifehiphop 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 …

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Banks prefer lending to foreign firms over local ones — BoG report

Banks prefer lending to foreign firms over local ones — BoG report 3

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 …

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