The Bank of Ghana (BoG) has rolled out new set of regulatory measures targeted at interest charges on digital platforms, pricing on forex (fx) transactions, Non-Performing Loans and recapitalisation of commercial banks in the country.
Some of the new directives will take off from July and August 2025, while another set of the regulations will take effect from 2026, particularly, in capping Non-Performing Loans of financial institutions at 10 percent.
Governor of the Bank of Ghana, Dr. Johnson Asiama announced this at a post Monetary Policy Committee meeting with Managing Directors and Chief Executive Officers of commercial banks at the Headquarters of the Bank of Ghana.
According to the new measures, commercial banks are now required to disclosed “black listed” borrowers in their Annual Accounts.
Dr. Asiama noted that this new regulation would help check the high Non Performing Loans in the industry and ensure that only credit worthy persons or institutions have access to loans from commercial banks.
Below is Governor Asiama's statement
Latest Stories
-
Judge orders Columbia student Mahmoud Khalil released on bail
2 hours -
Dr. Peter Terkper declares GNAFF Presidency bid with bold vision
3 hours -
Teenage pregnancy declines in Akatsi North as leaders call for sustained action
3 hours -
NIB, NACOC destroy $350m worth of cocaine following court order
4 hours -
Keta-Akatsi Catholic Diocese honours health workers at 33rd World Day of the Sick
4 hours -
Suspect arrested for burglary and theft at Kasoa Nyayano
4 hours -
US resumes visas for foreign students but demands access to social media accounts
4 hours -
Indian High Commission collaborates with VRCC and UHAS to champion physical, mental wellness in Volta Region
5 hours -
This Saturday on Newsfile: Galamsey fury, NPP early primaries and effects of Israel-Iran war
6 hours -
African Heads of States, Caribbean and Global Business Leaders to gather in Abuja Nigeria for 32nd Afreximbank annual meetings
6 hours -
GES, Brilliant Educational Consult train teachers in Kumasi to boost their competencies
6 hours -
DIPPER Lab launches IoT Training Programme to equip students with practical tech skills
6 hours -
China reaffirms one-China principle, commends Ghana’s historic support
6 hours -
Road safety: Experts push for automatic speed monitoring systems to curb over-speeding
6 hours -
Hearts of Oak explain decision to appoint Didi Dramani as head coach
6 hours