general economic slowdown

BoG Directs Weak Banks To Submit Recapitalisation Plans

by

The Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalization plans. This is to strengthen the financial sector, enhance the central bank’s supervisory role and put the real economy on a sound footing. The Governor of the BoG, … Read more

Ghanaian Banks Face High Asset Risks, Despite Solid Capital Buffers

by

High asset risks pose the biggest challenges for banks in Ghana, says Moody’s Investors Service in a report published today. “We expect asset risk for banks in Ghana to remain high over the coming quarters,” says Akintunde Majekodunmi, Vice President and Senior Analyst at Moody’s. “Nonperforming loans rose to 17.4% of total lending in December … Read more