Storyline
BoG Targets Rising Loan Defaults
Timeline
- Mon, Oct 12LatestUnverified — not yet reviewed
BoG Sets July 2027 Start for New Credit Risk Management Directive
The Bank of Ghana has confirmed that its Credit Risk Management Directive will take effect for banks and other regulated financial institutions from 1 July 2027. The deadline gives the sector a defined compliance window following the BoG's earlier signalling of the directive in response to rising non-performing loans in the Savings and Loans sector.
- Sat, Oct 10Unverified — not yet reviewed
BoG to Issue Credit Risk Directive as Savings and Loans NPLs Rise
The Bank of Ghana is set to issue a new Credit Risk Directive in response to a deteriorating non-performing loan ratio in the Savings and Loans sector. The directive is assessed as directly affecting the lending environment for startups and small businesses that rely on non-bank financial institutions for credit.