{
  "id": 13083279,
  "title": "Bank of Ghana urges banks to strengthen risk management amid credit growth",
  "url": "https://urgent.news/2026/10/09/bank-of-ghana-urges-banks-to-strengthen-risk-management-amid-credit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T09:32:44.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/10/09/bank-of-ghana-urges-banks-to-strengthen-risk-management-amid-credit-growth/"
  },
  "original_language": "en",
  "account": "Dr. Johnson Pandit Asiama, the Governor of the Bank of Ghana (BoG), has called on banks to bolster their credit risk management, fraud controls, cybersecurity, and liquidity frameworks to ensure the financial sector's resilience. In a meeting with bank heads in Accra, the BoG chief emphasized the need for sound underwriting standards and effective risk management to support private sector credit growth. The average lending rate of the banking sector dropped to 15.9% in August 2026 from 24.2% a year earlier. Despite this, private sector credit surged by 35.5% in August 2026, marking a significant rebound from the 13.3% growth in the previous year. Credit growth in real terms reached 29%, compared to 1.7% in the same period last year. Asiama stated that the banking sector remains resilient, with increased deposits and other funding sources, but the non-performing loans (NPL) ratio is still high relative to regulatory standards. The BoG plans to release a credit risk management directive soon to strengthen banks' credit risk frameworks. Additionally, the central bank will issue a liquidity coverage ratio directive, requiring banks to maintain adequate high-quality liquid assets to withstand significant liquidity stress over a 30-day period. Asiama urged banks to address the vulnerabilities identified through macro-prudential stress tests and strengthen fraud management systems. The BoG is also consolidating foreign exchange guidelines into a comprehensive manual and is strengthening oversight of cybersecurity, fintech, digital payments, and artificial intelligence governance. Furthermore, the bank has launched a strategy to turn remittances into investment opportunities, which is expected to commence in the first quarter of 2027.",
  "summary": "The Bank of Ghana (BoG) has urged banks to strengthen credit risk management, fraud controls, cybersecurity and liquidity frameworks to safeguard the resilience of the financial sector. The post Bank of Ghana urges banks to strengthen risk management amid credit growth appeared first on Ghana Business News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}