- Record high non-performing loans threaten bank solvency
- Government’s debt exchange programme blamed for financial strain
Accra, Ghana – The Ghanaian banking industry is facing a significant threat following a surge in non-performing loans (NPLs), which reached a record high of 25.7% in April 2024, up from 18% in April 2023. This alarming rise in NPLs is primarily attributed to the government’s domestic debt exchange programme (DDEP), which saw all 23 commercial banks in the country participate.
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