{
  "id": 13807090,
  "title": "Be careful with cross-border lending, foreign currency exposures – BoG to financial institutions",
  "url": "https://urgent.news/2026/10/11/be-careful-with-cross-border-lending-foreign-currency-exposures-bog-13807090",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T21:13:31.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/be-careful-with-cross-border-lending-foreign-currency-exposures-bog-to-financial-institutions/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Bank of Ghana has issued a directive to Regulated Financial Institutions (RFIs) emphasizing the importance of robust credit risk management practices, especially for those involved in cross-border lending, foreign currency exposures, and other high-risk activities. The directive, known as the Credit Risk Management Directive, requires RFIs to establish stringent policies and procedures for identifying, assessing, and controlling country and transfer risks associated with foreign counterparties. This includes implementing rigorous due diligence measures, sound credit-granting criteria, and diversified loan portfolios to mitigate potential defaults or credit quality deterioration. The directive will be implemented starting July 1, 2027, aiming to enhance the resilience of RFIs and ensure they adhere to effective credit risk management systems.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Be careful with cross-border lending, foreign currency exposures – BoG advises financial institutions",
        "url": "https://urgent.news/2026/10/11/be-careful-with-cross-border-lending-foreign-currency-exposures-bog",
        "published": "2026-10-11T21:13:31.000Z"
      }
    ]
  },
  "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."
}