Credit and discipline: Ghana’s new growth opportunity
Introduction Ghana’s economy is entering a period of renewed opportunity. Stronger economic growth, lower inflation, improved external balances, easing interest rates, and a more resilient banking sector are creating conditions in which businesses can expand, households can plan, and investors can regain confidence. Real GDP grew by 6.0 per cent in the second quarter of … The post Credit and…
Ghana's economy is experiencing a period of renewed opportunity, with stronger economic growth, lower inflation, improved external balances, easing interest rates, and a more resilient banking sector. Real GDP grew by 6.0 per cent in the second quarter of 2026, and the Bank of Ghana has maintained the Monetary Policy Rate at 14.0 percent.
However, despite these positive trends, there remains a warning that financial discipline must improve to ensure this stability becomes sustainable prosperity. While credit is returning to the economy, with private sector credit growth reaching 41.2 percent in June 2026, the NPL ratio has improved from 23.1 percent in June 2025 to 16.1 percent in June 2026, with the adjusted NPL ratio falling further to 4.6 percent.
Nonetheless, the level of distressed credit remains significant, and loan losses and depreciation have increased by about 38 percent in the first half of 2026 compared to the same period in 2025.
Brief written by urgent.news from Ghanaian Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
