Ghana news briefing
BoG insist banks cut NPLs to 10 per
He said current requirements, including restrictions on dividends, bonuses and lending for banks with high NPL ratios, could affect institutions that provide post-commencement financing to distressed companies.
Dr Ishmael Yamson, Chairman of the occasion and Board Chair of Scancom PLC (MTN Ghana), acknowledged the decline in NPLs but cautioned that some regulatory measures could discourage banks from providing rescue financing.
The Central Bank said the reduction was necessary to strengthen financial stability, improve credit growth and support sustainable financing of businesses.
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