1.2 billion cedis NPLs write off to end in December

November 29, 2018

The Bank of Ghana has shifted its projection of a drop in the Non Performing Loans of banks, by two more months.

Governor of the Bank of Ghana, Dr. Ernest Addison says he expects the reflection by the end of year.

Some industry watchers are also confident the move should afford banks the ability to offer more loans to businesses even as they recapitalize.

The Bank of Ghana in September issued a directive asking banks to write off all loans which were deemed unrecoverable.

For more:https://www.ghanaweb.com/GhanaHomePage/business/1-2-billion-cedis-NPLs-write-off-to-end-in-December-704556

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