{"id":1020776,"date":"2022-03-13T17:01:57","date_gmt":"2022-03-13T17:01:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/03\/13\/banks-forgave-customers-ghs2-086bn-bad-debt-bog-banking-finance\/"},"modified":"2022-03-13T17:01:57","modified_gmt":"2022-03-13T17:01:57","slug":"banks-forgave-customers-ghs2-086bn-bad-debt-bog-banking-finance","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/03\/13\/banks-forgave-customers-ghs2-086bn-bad-debt-bog-banking-finance\/","title":{"rendered":"Banks Forgave Customers GHS2.086bn Bad Debt \u2013 BoG | Banking\/Finance"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A total of GHS2.086 billion was written off as bad debt by banks operating in Ghana. This was disclosed by the central bank\u2019s Domestic Money Bank\u2019s Income Statement.<\/p>\n<p>The total bad debt stock for 2021 was 4.7 per cent less than that of 2020, which was GHS2.183 billion.<br \/>It comprised loan losses, depreciation, and other factors.<\/p>\n<p>The NPL ratio, for instance, jumped from 14.8% in December 2020 to 15.2% in December 2021, partly due to the COVID-19 pandemic.<\/p>\n<p>Bank-specific challenges with loan recovery also played a role.<\/p>\n<h3><strong\/><\/h3>\n<p><span class=\"peace_black_text_4\">Source: classfmonline.com<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"clear:both\">\n<tr>\n<td><span class=\"peace_red_text_1\">Disclaimer<\/span>: <span class=\"peace_ash_text_1\">Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.<\/span><\/td>\n<\/tr>\n<\/table>\n<p>Featured Video\n<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"wB2-NHndouE\"><iframe loading=\"lazy\" title=\"Our Fight Against Sim Card Registration Is Unending- Hon. Ras Mubarak Cautions Gov&#039;t\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wB2-NHndouE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A total of GHS2.086 billion was written off as bad debt by banks operating in Ghana. This was disclosed by the central bank\u2019s Domestic Money Bank\u2019s Income Statement. The total bad debt stock for 2021 was 4.7 per cent less than that of 2020, which was GHS2.183 billion.It comprised loan losses, depreciation, and other factors. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1020777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3703,6026,1274,1084,4279,1580,6097,6098],"class_list":["post-1020776","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bad","tag-bankingfinance","tag-banks","tag-bog","tag-customers","tag-debt","tag-forgave","tag-ghs2086bn"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1020776"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1020776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1020776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1020776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}