Beyond sanctions: How BoG’s dud cheque crackdown cleans up NPLs and paves the way for sub-10% interest rates

By Emmanel DANKWAH The Bank of Ghana’s (BoG) recent directive on the issuance of Dud Cheques (cheques issued without sufficient funds) marks a pivotal moment in Ghana’s financial reform agenda. The escalating sanctions, including higher penalties, mandatory credit bureau reporting, a minimum three-year cheque issuance ban for third-time offenders, and an accompanying ban on new […]

The post Beyond sanctions: How BoG’s dud cheque crackdown cleans up NPLs and paves the way for sub-10% interest rates appeared first on The Business & Financial Times.

Source: thebftonline.com

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