The Ghana Association of Savings and Loans Companies (GHASALC) has attributed the consistent increase in Non-Performing Loans (NPL) to public sector workers who take loans, refuse to pay and travel outside the country.

The Executive Secretary of the association, Tweneboah Koduah Boakye said the situation is causing difficult operational challenges to savings and loans companies.

Speaking to Joy Business at the 14th Annual General Meeting of the association, he indicated that despite the successes chalked by some of its members, a sizeable number of them are e facing liquidity issues.

"What we have realized is that some people will come to us and they are teachers, nurses, doctors or work in the government sector. They want loans and they qualify so we give it to them, but immediately after taking it, they leave the country. We are now constantly monitoring these people because they are part of the non-performing loans issues we have been facing", he said.

Mr. Koduah Boakye further called on various embassies in the country to help the association track the workers when exiting the country.

He explained that, government workers traveling abroad must be checked for a good credit report before granted visas.

"We want to suggest to other stakeholders especially the embassies that if someone is a government worker and relocating to a different a country, there should be an evidence that you don't owe and if you owe, there should be evidence that you have made reasonable provisions with your company", he added.

The association said it will be forced to stop granting loans to public sector employees if the act continues.