GH¢654.2 million was written off as bad debt by Ghanaian banks.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Banks operating in Ghana wrote off a total of GH¢654.2 million as bad debt during the first four months of 2025, reflecting a lower impairment compared to previous years, the Bank of Ghana has disclosed.

According to the Central Bank’s April 2025 Domestic Money Bank Report, the amount written off is down from GH¢863.4 million in the same period in 2024 and significantly below the GH¢1.087 billion recorded in April 2022.

The provision for bad debts was categorised under loan losses, depreciation, and other related charges.

Despite the elevated levels of credit risk in the banking sector, the report noted improvements in asset quality and a moderation in the non-performing loan (NPL) ratio.

Source: newsthemegh.com