Banks wrote off GH¢1.23bn as bad debt in the half-year 2026
Banks operating in Ghana wrote off GH¢1.23 billion in the first-half of 2026, according to the highlights of the Domestic Money Banks’ Income Statement. This was 38% year-on-increase over that of GH¢893.0 million recorded in June 2025. The provision was classified as loan losses and depreciation. According to the July 2026 Monetary Policy Report, the […]
In the first half of 2026, Ghanaian banks recorded a GH¢1.23 billion write-off in bad debt, marking a 38% increase compared to the June 2025 figure of GH¢893.0 million. The Monetary Policy Report for July 2026 highlighted that asset quality risks persisted in the banking sector despite the improvements in key indicators. The non-performing loan (NPL) ratio dropped to 16.1% in June 2026, down from 23.1% in June 2025, while the NPL ratio adjusted for fully provisioned loan loss decreased to 4.6% from 8.5% over the same period.
The total stock of non-performing loans fell to GH¢19.9 billion in June 2026, compared to GH¢20.7 billion a year earlier. These figures suggest a positive trend in credit risk conditions, although vulnerabilities in asset quality still pose a concern. The breakdown of NPLs continued to be dominated by private sector credit, accounting for 98.0% of the NPLs in June 2026, up from 96.4% in the previous year.
Meanwhile, the public sector's share of NPLs declined to 2.0% from 3.6% over the same time frame, aligning with the sectoral composition of industry credit exposures.
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- Banks wrote off GH¢1.23bn as bad debt in half-year-2026 myjoyonline.com
