Ghana: Banks Ordered to Reduce Non-Performing Loans to 10%

The Bank of Ghana requires banks to reduce their non-performing loan ratio to a maximum of 10% by the end of December 2026. The ratio of non-performing loans decreased from 20.77% in August 2025 to 15.66% in August 2026 but remains 5.66 points above the prudential limit. Banks are instructed to strengthen their procedures for granting, monitoring, managing collateral, recovery, and restructuring troubled loans. The central bank is also preparing new regulations to further oversee credit risk management.