BoG directs banks to scale down NPLs to 10%

All financial institutions regulated by the Bank of Ghana (BoG) have been given up to December 2026 to reduce their non-performing loans (NPLs) ratio to not more than 10 per cent as part of measures to strengthen the banking sector and restore credit growth, the Governor of the central bank, Dr Johnson Pandit Asiama, has directed.1 per cent as at end-June this year, compared to over 23 per cent a year ago, while the capital adequacy ratio stood at 20.1 per cent at the end of June 2026 from over 23 per cent a year earlier, while the capital adequacy ratio had improved to 20.