The Governor of the Bank of Ghana, Dr. Johnson Asiama, has indicated that banks have a clear strategy. This plan aims to significantly reduce non-performing loans.
The target is to bring these bad loans down to 10 percent. This goal is set to be achieved by the end of 2026.
Dr. Asiama stated that a stable economy is essential for a strong banking system. He believes this connection is crucial for the country's financial health.
In early 2025, the banking sector was still adapting. It was dealing with the impact of the Domestic Debt Exchange Programme.
Capital reserves at banks were under pressure. Non-performing loans were also at a high level during that period.
The roadmap provides a structured approach for banks. It outlines steps to improve their financial standing.
This initiative is expected to strengthen the overall financial system in Ghana.
The Bank of Ghana is closely monitoring the progress of this plan.