Standard Chartered Bank says it might be forced to restrict the amount of money it lends to businesses.

According to the Bank, the move has been influenced by the fact that most businesses are having problems in paying their loans on time.

Speaking at the Ghana Stock Exchange Facts behind the figures session on Thursday, Managing Director of Standard Chartered Bank Kweku Badu-Addo says the action would be revised when the situation improves.

“Obviously in a difficult part such as this one, there is a lot of stress on various economic actors. We see it playing out in the operating cycle of companies so their ability to repay or meet their reliabilities at agreed time keeps shifting.

“Naturally you have to take a more cautious approach focus on perhaps restructuring what you have into a cycle that works,” he indicated.

Mr. Badu-Addo also added that they have been engaging the Bank of Ghana over its decision for banks to write off some bad debts on their books.

StanChart’s profit after tax, for the nine months ending, went up by 34 to hit 197 million Ghana cedis.