Bank of Ghana Unveils New Regulatory Measures to Strengthen Financial Sector
The Bank of Ghana (BoG) has announced a series of new regulatory measures aimed at enhancing the stability and transparency of the country’s banking sector. These reforms focus on key areas including interest rate charges, foreign exchange transaction pricing, the management of Non-Performing Loans (NPLs), and the recapitalization of commercial banks.
Implementation of some directives will begin in July and August 2025, while others are scheduled to take effect in 2026. Notably, the regulations include a cap on Non-Performing Loans, limiting them to a maximum of 10 percent for all financial institutions.
Dr. Johnson Asiama, Governor of the Bank of Ghana, unveiled the new guidelines following a Monetary Policy Committee meeting. The session brought together Managing Directors and Chief Executive Officers from the nation’s commercial banks to discuss and align on these critical regulatory updates.
These measures underscore the BoG’s commitment to safeguarding the financial system and promoting sustainable growth within Ghana’s banking industry.
