Statistics & Publication
ADDRESS BY DR. ERNEST ADDISON, GOVERNOR, BANK OF GHANA, AT THE OFFICIAL OPENING OF STANDARD CHARTERED BANK NEW HEADQUARTERS
Wednesday, 03 October 2018 00:00

Our banking system is becoming stronger with capital adequacy ratio reported at 19.1 per cent at the end of August, significantly above prudential requirement of 10 percent. Non-performing loans of the industry continue to decline and we expect a major reduction as banks begin to implement write off policies, in line with approvals received from Bank of Ghana to address the legacy loans that have been fully provisioned for. We have also observed a return to efficiency in the industry as operating expenses across banks are beginning to reduce, which should ultimately result in declining interest rates.

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