The Bank of Ghana (BoG) has hinted at plans to implement new directives aimed at dealing with opaque bank charges, unsafe digital lending practices and governance lapses within the banking sector.
Governor of the bank, Dr Johnson Asiama, noted that the move forms part of efforts to protect customers and strengthen regulatory oversight.
He stated that the central bank will no longer tolerate commercial banks that impose arbitrary fees under the guise of operational cost recovery.
The Governor was speaking at the opening session of a post-Monetary Policy Committee meeting with Heads of Banks.
He revealed at the engagement that authorities are finalising a comprehensive policy directive that will set clear benchmarks on pricing disclosures across licensed banks.
He also announced that the central bank is tightening controls on interest charges across digital platforms, enhancing transparency in foreign exchange (FX) pricing, addressing non-performing loans (NPLs) and ensuring the recapitalisation of commercial banks.
According to him, the new directives would be implemented in phases with some taking effect from July and August 2025.
The others such as a 10% cap on NPL ratios are expected to become operational in 2026.
As part of the measures, commercial banks will be required to publish details of “blacklisted” borrowers and entities with a history of default in their annual accounts.
The BoG explained that this new directive is to improve credit risk management and deter chronic defaults that continue to threaten the stability of the banking system.
By: Rainbowradioonline.com/Ghana
