Banks wrote-off ¢768.29m as bad debt in April 2022
Banks in Ghana wrote off a little above ¢768.29 million as bad debt in the first four months of 2022, about 5.5% increase over the same period last year. According to the latest Monetary Policy report by the Bank of Ghana, the bad debt is made up of loan losses, depreciation, among others. Despite the increase in the provision of the...