Modern Ghana·3 min read·medium
BoG Praised for Tightening Credit Controls as Loan Growth Surges Under Falling Interest Rates
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ModernGhana
✦AI Summary
The Bank of Ghana is implementing stricter credit-quality measures to prevent non-performing loans as banks increase lending due to falling interest rates. Financial experts warn that while credit expansion is necessary for economic growth, banks must maintain due diligence to avoid future instability.
The Bank of Ghana (BoG) has been commended for taking proactive steps to safeguard the banking sector against a potential rise in non-performing loans (NPLs) as declining interest rates encourage banks to expand lending.
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