No Result
View All Result
Friday, May 27, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Bad loans on books of banks hits 4.2 billion cedis

bycitibusinessnews
March 17, 2016
in Banking And Finance, Business, Top Stories
Bank of Ghana
Share on FacebookShare on TwitterShare on Whatsapp

Bad loans on the books of banks in Ghana increased to 4.52 billion cedis in 2015.

This is a 14.9 percent increase in the figure reported in 2014.

[contextly_sidebar id=”gXE8ZGAwuVhDtAjIFSEoYq6e6kHfO8rz”]According to the Bank of Ghana’s financial stability report released in January 2016 banks loan quality generally deteriorated in 2015 with an increase in the non–performing loans (NPLs) from GH¢ 2.72 billion in December 2014 to GH¢ 4.52 billion in December 2015, representing a year-on-year increase of 14.9 percent over the period.

ADVERTISEMENT

The adjusted NPL ratio (i.e. NPLs ratio minus the loss category) of 6.9 percent as at December 2015 also represented deterioration over the 5.6 percent recorded in December 2014.

Similarly, the ratio of NPL net of provisions to capital deteriorated to 14.9 percent in December 2015 from 11.2 percent in December 2014.

However, loan loss provision to gross loans increased to 6.6 percent in December 2015 from 4.6 in the same period in 2014.

Credit to the private sector contributed 96.1 percent of the total banking sector’s non-performing loans as at December 2015 compared with 97.7 percent in December 2014. The proportion of banks’ NPLs attributable to the public sector deteriorated from 2.3 percent in December 2014 to 3.9 percent in December 2015.

Even though private enterprises received only 71.1 percent of the private sector credit, they accounted for 88.7 percent of NPLs in the sector as at December 2015 compared with 68.5 percent of credit received and 88.2 percent of NPLs respectively in the same period in 2014.

 

NPL pic

The highly disproportionate level of NPLs associated with the private enterprises was driven mainly by indigenous enterprises, which received 60.9 percent of credit to private enterprises but accounted for 78.7 percent of NPLs as at December 2015.

However, while foreign enterprises’ share of private sector credit declined, their contribution to private sector NPLs increased marginally over the period under review.

Households’ share of private sector credit and contribution to NPLs increased marginally over the review period.

npl 2

Commerce and finance sector continued to account for the largest amount of the banking sector NPLs followed by services, and manufacturing.

The three sectors accounted for 69.3 percent of NPLs in December 2015 compared with 66.7 percent in December 2014. Electricity, Gas and Water sector accounted for the lowest amount of the industry’s NPLs.

–

By:  Vivian Kai Lokko/citifmonline.com/Ghana

 

 

 

Related Posts

Business

6th Ghana CEO Summit to focus on digital leadership for the digital economy

byBenjamin Aklama

Its is Monday the 30th of May, 2022. All roads lead to Kempinski Hotel Gold Coast City in Accra for...

Read more

We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

COCOBOD closes purchases for 2021/2022 main crop cocoa season

Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

BoG urged African DFIs to enhance credit rating positions to boost investment

Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

Next Post

New rent law: Rent control likely to set rent charges

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.