BoG directs banks to cut bad loans to 10% by end of 2026

The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has directed all regulated financial institutions to reduce their non-performing loans (NPLs) to not more than 10 percent by the end of December 2026, warning that high levels of bad loans continue to constrain lending and weigh on Ghana’s economic development. According to…