Accra:The Bank of Ghana is preparing to implement new directives to enhance credit risk management and liquidity resilience in the banking sector. Governor Dr. Johnson Pandit Asiama announced these measures during the Post-Monetary Policy Committee engagement with bank leaders at Bank Square.
According to Ghana Web, the central bank will soon issue a Credit Risk Management Directive to strengthen banks' frameworks in areas such as credit origination, administration, monitoring, measurement, and recovery. This directive will complement the Non-Performing Loans Notice issued last year.
The Governor emphasized the necessity of these measures as private-sector lending has been rapidly increasing, with credit to the private sector growing by 35.5 percent in August 2026 compared to 13.3 percent the previous year. He stressed that this growth must be supported by proper risk controls, sound underwriting standards, and effective risk-management frameworks.
Additionally, the Bank of Ghana will introduce a Liquidity Coverage Ratio Directive to establish a benchmark for banks' liquidity. This directive will require banks to maintain adequate high-quality liquid assets to withstand significant liquidity stress over a 30-day period.
Dr. Asiama noted that while the Non-Performing Loan ratio has declined significantly, it remains higher than regulatory thresholds. Meanwhile, the average lending rate fell to 15.9 percent in August 2026 from 24.2 percent in August 2025, with real private-sector credit growth rising to 29 percent.
As digital financial services expand, the Governor also urged banks to enhance fraud controls, cybersecurity, and technology-risk management.