Infographics: Non-performing loans hit GH₵8.74bn

Infographics: Non-performing loans hit GH₵8.74bn
Source: Ghana | JoyBusiness | JAD
Date: 05-09-2018 Time: 06:09:25:pm

Total assets of the banking sector stood at GH¢100.35 billion by end-June 2018, Bank of Ghana’s July 2018 ‘banking sector report’ has stated.

According to the Report, year-on-year growth in total assets in the banking sector, however, slowed to 15.7 percent in June 2018 from 30.8 percent in June 2017,

With the exception of fixed assets, the slowdown was reflected in all components of total assets, both domestic and foreign.

Growth in investments, the largest component of total assets, was 41.1 percent in June 2018 down from 54.9 percent in June 2017, the Report stated.

Non-performing Loans (NPLs)

The bulk of NPLs in the industry as at end June 2018 were attributed to the private sector, though its share in total NPLs declined to 89.9 percent from 94.9 percent in June 2017.

On the other hand, the proportion of impaired assets attributed to the public sector increased from 5.1 to 10.1 percent over the same comparative period.

With the increase in the share of household credit in total credit within the review period, the share of household NPLs in total NPLs also went up from 5.1 percent in June 2017 to 6.3 percent in June 2018.

Check below for the breakdown: