Banks to suspend lending to public sector workers under Controller and Accountant General’s payroll

"We have begun discussions and in the coming weeks and days we are going to take an action to suspend total lending to public sector workers under the Controller and Accountant Generals payroll.

The Chief Executive of the Ghana Association of Banks, John Awuah, told Journalists at the Association's Annual General Meeting that the rising default of public sector loans has become a challenge, hence the action.

Banks have begun moves to suspend lending to public sector workers under the Controller and Accountant-General’s (CAGD) payroll scheme.