Banks to stop loans to govt workers over delayed remittances from Controller

Banks are threatening to suspend new lending to public sector workers whose salaries are processed through the Controller and Accountant-General’s Department (CAGD) due to delays in the remittance of loan deductions to the lenders.“And that is why we are likely to, in the coming days, take that very difficult decision to stop all Controller-driven payroll-based lending so that we can also meet the requirement set by the central bank, which is for the banking industry to bring its non-performing loans (NPL) ratio down to 10 per cent.

The context The threat comes nearly two months before the Bank of Ghana’s December 2026 deadline for banks to bring their NPL ratios down to 10 per cent.