Business News of Tuesday, 3 June 2025
Source: www.ghanawebbers.com
The Bank of Ghana (BoG) has introduced new regulatory measures. These measures focus on interest charges, forex transaction pricing, and Non-Performing Loans. They also address the recapitalization of commercial banks.
Some directives will start in July and August 2025. Other regulations will take effect in 2026. This includes capping Non-Performing Loans at 10 percent for financial institutions.
Dr. Johnson Asiama, the Governor of the Bank of Ghana, announced these changes. He spoke after a Monetary Policy Committee meeting. The meeting included Managing Directors and Chief Executive Officers of commercial banks.