27
Aug
Managing Director of GCB Bank PLC, John Kofi Adomakoh, has expressed concern over the rising culture of loan defaults among Ghanaians, which he says is significantly contributing to the surge in non-performing loans (NPLs) within the banking sector. At its 119th Monetary Policy Committee press briefing, the Bank of Ghana disclosed that the industry’s NPL ratio had surged to 24.1 percent in June 2024, up from 18.7 percent in the same period of 2023, underscoring the heightened credit risk in the system. Speaking at the “Facts Behind the Figures” programme organised by the Ghana Stock Exchange, GCB Bank MD John…