The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has directed all regulated financial institutions to reduce their non-performing loans (NPLs) to not more than 10 percent by the end of December 2026, warning that high levels of bad loans continue to constrain lending and weigh on Ghana's economic development. According to the Governor, although the banking sector has made significant progress in cleaning up its balance sheets, more work is needed to strengthen credit quality and create room for increased lending to businesses. Speaking at the Chartered Institute Of Restructuring and Insolvency Practitioners (CIRIP) Ghana–Bank of Ghana Forum in Accra, Dr. Asiama disclosed that the industry's NPL ratio had declined to 16.1 percent at the end of June 2026, down from over 23 percent during the same period last year, while the sector's Capital Adequacy Ratio stood at 20.4 percent. He said the improved capital position gives banks greater capacity to take car...