S&P calls Ghana banks’ 16.1% NPL ratio too high
S&P Global reports that Ghana's non-performing loan ratio remains high at 16.1% as of June 2026, citing macroeconomic instability and debt restructuring. While inflationary pressures persist, the agency notes improvements in monetary policy effectiveness.
Why it matters
High non-performing loan ratios indicate systemic financial risk, which can hinder economic recovery and investment in developing nations.
--> Rating agency S&P Global stated that the share of non-performing loans in Ghana’s banking system stood at 16.1% as of June 2026 and remains too high. The agency also assessed credit risks in the country’s banking sector as elevated after several years of macroeconomic instability, a sovereign default, and debt restructuring.
As MyJoyOnline reports , S&P linked this indicator to the 2022 domestic debt exchange programme, significant overdue government payments to suppliers and contractors, as well as exchange-rate and inflation pressures on households and businesses.
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