Banks

We remain committed to a quick turnaround of economy – Ghana Association of Banks

We expect banks to rebuild capital buffers quickly – BoG

BoG commences development of framework to assess sustainability of banks – Governor

ACCESS Coalition builds CSOs’ capacity to influence multilateral development banks in RE financing

Financial Stability Fund takeoff uncertain – Fitch

African banks must invest 2% of profit into agricultural sector – Dr Jasaw

Banks are now more cautious of lending due to current economic environment – John Awuah

Total value of secured loans up 15.5% to ¢5.9bn in half-year 2023 – BoG

8 banks accounted for 67% of banking industry exposure to DDEP – 2023 Ghana Banking Survey

Banks demonstrate determination to build industry back to pre-DDEP level – 2023 Ghana Banking Survey

PwC 2023 Ghana Banking Survey: 92% of banks without government control say losses from DDEP was their biggest pain

Banks were unprepared for DDEP; 100% regional banks to reduce holdings in government securities – PwC 2023 Ghana Banking Survey

DDEP: 16 banks to record more losses in 2023 – Research

Banks have rested soft-skinned vans for armoured bullion vans – John Awuah

79,364 assets registered as collateral by Banks and SDIs in Q1 2023 – BoG

Collateral registration: Value of secured loans by banks and SDIs falls to ¢5.26bn – BoG

Banks wrote off ¢1.08bn as bad loans in 4 months of 2023; NPLs reach ¢13.1bn

Encourage acquisition, mergers of banks and NBFIs if needed – IMF tells government

Financial sector robust before debt restructuring, but sector cleanup yet to be fully implemented – IMF

Investments, loans among top 5 products of banks with complaints in 2022 – BoG

BoG received 983 complaints from customers of banks, others in 2022; 36% complaints unresolved

BoG gives banks up to September 2023 to submit recapitalization plans

Banks recorded ¢6.6bn losses in 2022; but registered ¢2.8bn profit in 4 months of 2023 – BoG

Average lending rates dip to 31.66% in April 2023

Banks must collaborate with FinTechs to survive the digital age – Marian Amartey

Banking industry to face crisis if government fails to secure $1.5bn stability fund by July – US-based Economist

15 out of 21 banks recorded losses in 2021 – 2022 Audited Financial Statements

Blame yourselves for huge losses in government securities – UGBS Senior Lecturer

Banks begin releasing 2022 financial statements; DDEP pushes many into losses

DDEP: Banks to further lose ¢6.1bn – Report

Michael Sumaila Nlasia: The new taxes will collapse banks and businesses

Loss position of banks may continue into 2024 – Finance Lecturer

DDEP: Banks have up to 2025 to restore minimum paid-up capital; industry records over ¢15bn loss in 2022

Explore local opportunities to grow economy – Prof Osei-Assibey to DBG, banks

DDEP: banks loans to businesses, households to fall significantly – Fitch Solutions

DDEP: Banks to suffer considerably in 2023 – Fitch Solutions

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