Ghanaian banks write off 1.23bn cedis in bad debts
Ghanaian banks wrote off 1.23 billion cedis in bad debts during the first half of 2026, marking a 38% increase from the previous year. While non-performing loan ratios have improved, asset quality remains a significant concern for the sector.
Why it matters
This highlights ongoing financial instability and credit risk challenges within the Ghanaian banking sector despite some positive regulatory indicators.
--> Ghanaian banks wrote off 1.23 billion Ghanaian cedis as bad debt in the first half of 2026, MyJoyOnline reports . This is 38% more than the 893 million Ghanaian cedis recorded in June 2025.
These charges were classified in reporting as credit losses and impairment. The data are presented in the key income statement indicators of banks operating in Ghana.
According to the July 2026 monetary policy report, risks to the quality of banking sector assets remained elevated in June, despite improvements in key indicators. The share of non-performing loans declined to 16.1% in June 2026, compared with 23.1% in June 2025.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in