Bank of Ghana to Publicly Name and Ban Wilful Loan Defaulters Under New Rules
The Bank of Ghana (BoG) is implementing stringent new measures to protect the stability and profitability of the nation’s financial sector. In a decisive move to curb the growing problem of bad loans, individuals in Ghana who deliberately refuse to repay their debts, despite possessing the financial capacity to do so, will now face severe consequences. According to a public announcement on August 14, 2025, this new policy is designed to enhance credit discipline and address the threats that non-performing loans pose to the long-term health of Ghana’s banking institutions.
The New Framework for Enforcing Loan Repayment
This policy represents a significant step by the Bank of Ghana to fortify the country’s financial ecosystem. By directly targeting borrowers who intentionally avoid their obligations, the BoG aims to mitigate the systemic risks posed by bad loans. The public naming and subsequent borrowing ban are expected to serve as a powerful deterrent, fostering a more responsible credit culture across the country. This initiative, alongside the approval of enhanced credit scoring systems, signals a comprehensive strategy to strengthen Ghana’s financial sector and ensure its continued stability and growth.
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