{"id":169405,"date":"2024-04-08T10:06:13","date_gmt":"2024-04-08T10:06:13","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/08\/reduce-npls-from-24-to-10-to-stay-resilient\/"},"modified":"2024-04-08T10:06:13","modified_gmt":"2024-04-08T10:06:13","slug":"reduce-npls-from-24-to-10-to-stay-resilient","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/08\/reduce-npls-from-24-to-10-to-stay-resilient\/","title":{"rendered":"Reduce NPL’s from 24% to 10% to stay resilient"},"content":{"rendered":"

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A report co-authored by Dr Richmond Atuahene and Isaac Kofi Agyei, has urged the Bank of Ghana and commercial banks to make drastic efforts to reduce the current Non-Performing Loan (NPL) ratio from 24% to around 10% to fortify the banking sector\u2019s resilience.<\/p>\n

The report, \u2018Thirsty Banks: 2023 Ghana\u2019s Dilemma with High Cash Reserve Ratios\u2019 argued that any developing or emerging economy with an NPL ratio exceeding 20% is deemed to be in crisis.<\/p>\n

\u201cThe Bank of Ghana and commercial banks need to exert significant effort to reduce the current Non-Performing Loan (NPL) ratio from 24% to around 10% to fortify the banking sector\u2019s resilience. A resilient banking sector encompasses more than just profitability; high NPLs can lead to poor capitalization among banks, liquidity challenges, and even insolvency for some institutions.<\/p>\n

\u201cThe Bank of Ghana\u2019s MPC report in March 2024 affirmed these concerns, indicating a mixed outlook on key financial soundness indicators,\u201d the report recommended in part.<\/p>\n

The report also recommended that the \u201cBank of Ghana should reconsider reducing the mammoth cash reserve ratios by taking into account the GHS50.6 billion of customers\u2019 deposits used to purchase restructured government bonds with an extended maturity period until 2031.\u201d<\/p>\n\n

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A report co-authored by Dr Richmond Atuahene and Isaac Kofi Agyei, has urged the Bank of Ghana and commercial banks to make drastic efforts to reduce the current Non-Performing Loan (NPL) ratio from 24% to around 10% to fortify the banking sector\u2019s resilience. The report, \u2018Thirsty Banks: 2023 Ghana\u2019s Dilemma with High Cash Reserve Ratios\u2019 […]<\/p>\n","protected":false},"author":1,"featured_media":127655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-169405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nReduce NPL's from 24% to 10% to stay resilient - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/04\/08\/reduce-npls-from-24-to-10-to-stay-resilient\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reduce NPL's from 24% to 10% to stay resilient - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"A report co-authored by Dr Richmond Atuahene and Isaac Kofi Agyei, has urged the Bank of Ghana and commercial banks to make drastic efforts to reduce the current Non-Performing Loan (NPL) ratio from 24% to around 10% to fortify the banking sector\u2019s resilience. 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