We will ensure banks with capital gaps adhere to committed recapitalisation plans – BoG

The Bank of Ghana has pledged to ensure banks with capital gaps adhere to recapitalization plans to strengthen solvency. This commitment aligns with improved macroeconomic conditions, which are positively impacting the banking sector.

The Bank’s January 2025 Monetary Policy Report highlighted plans to intensify supervision to address high Non-Performing Loans (NPLs), which remain a risk to industry stability.

Enhanced domestic economic conditions are expected to improve corporate and household debt servicing, mitigating further NPL growth.

Private sector credit growth showed signs of recovery, increasing to 26.3% in December 2024, compared to 10.7% in 2023, approaching pre-2022 levels.

In real terms, private sector credit grew by 2.0%, reversing a 10.2% contraction recorded the previous year. The Bank aims to sustain this momentum while ensuring financial stability.