Tag: loan recovery
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Improved debt collection reduces banks’ NPLs by 300 million cedis – BoG report
The Non Performing Loans (NPLs) of banks have dropped by 4.2 percent between August 2018 and the same period in 2019. According to data from the Bank of Ghana, the NPLs reduced from 7.21 billion cedis to 6.91 billion cedis. The Bank of Ghana’s report looked at activities of the twenty-three banks as at the…