{
  "id": 11095368,
  "title": "Banks NPL ratio of 16.1% is still too high – S&P",
  "url": "https://urgent.news/2026/10/01/banks-npl-ratio-of-16-1-is-still-too-high-s-p-11095368",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T02:51:07.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/banks-npl-ratio-of-16-1-is-still-too-high-sp/"
  },
  "original_language": "en",
  "account": "S&P Global has expressed concern over Ghana's banking sector Non-Performing Loan (NPL) ratio of 16.1% as of June 2026, deeming it too high. The ratings agency attributes this ratio to the domestic debt exchange programme in 2022, government arrears owed to suppliers and contractors, and inflationary pressures on households and businesses in recent years. In its assessment of Ghana, S&P Global noted that credit risk in the banking system remains elevated, following years of macroeconomic instability, government default, and debt restructuring. Furthermore, 13 local banks required recapitalization after the domestic debt restructuring in 2022. However, it highlighted that five banks, including one state-owned bank, are still undercapitalized, despite meeting the recapitalization requirements. This contradicts the Bank of Ghana's assertion that all banks have met the new minimum capital requirement. S&P Global stressed that while inflationary pressures have escalated in 2026, they are expected to be contained compared to Ghana's historical norm. The agency expects inflation to be at the upper end of the Bank of Ghana's 6%-10% target until 2029, given the country's shift away from fiscal deficit financing and towards the end of monetary financing of the deficit.",
  "summary": "In its rating assessment of Ghana, the US-based firm said credit risk in the banking system remains elevated, after years of macroeconomic instability, the government default, and the debt restructuring.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Banks NPL ratio of 16.1% is still too high – S&P",
        "url": "https://urgent.news/2026/10/01/banks-npl-ratio-of-16-1-is-still-too-high-s-p",
        "published": "2026-10-01T02:51:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}