Bank of Ghana Report Commercial sector records highest bank defaults

According to the report, the private sector contributed 97.4 percent of banks' Non- Performing Loans(NPL) by September 2015. This represented a 4.3 percentage increase on September 2014's 93.1 percent.

  • Published:
Commercial Sector in Ghana play

Commercial Sector in Ghana

24/7 Live - Subscribe to the Pulse Newsletter!

The Bank of Ghana's Financial Stability Report 2015, has revealled the sectors that have defaulted most on loans acquired from banks in the country.

According to the report, the private sector contributed 97.4 percent of banks' Non- Performing Loans(NPL) by September 2015. This represented a 4.3 percentage increase on September 2014's 93.1 percent.

The proportion of banks’ Non- Performing Loans attributable to the public sector improved from 6.9 percent in September 2014 to 2.6 percent in September 2015.

Even though private enterprises received only 71 percent of the private sector credit, they accounted for 88.4 percent of NPLs in the sector as at September 2015 compared with 70.5 percent of credit received and 83.8 percent of NPLs respectively in the same period in 12 2014.

                                                   Read More

 

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 79.1 percent of NPLs as at September 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

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 In Accra Susu collectors give gov’t 1 week ultimatum to stop NPP...bullet
4 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
5 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
6 Excise Tax Stamp Act Gov’t threatens to sanction businesses...bullet
7 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
8 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
9 Retirement How to calculate your SSNIT pensionbullet
10 In Singapore Government to pay bonus to all citizens...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 Vodafone adbullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet

Business