Banks more profitable after Bank of Ghana clean-up – Ofori-Atta

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The banking sector clean-up and recapitalisation of commercial banks last year, has resulted in private sector credit growth in the first quarter of 2018, the Finance Minister has disclosed.
Ken Ofori-Atta in his Mid-year Budget Review presentation in Parliament Monday, stated that private sector credit growth recovered as banking sector liquidity improved.

“Annual growth in private sector credit for 2018 was 10.6% compared with 13.4% growth a year earlier. The share of total outstanding credit to the private sector is still high at 88.0% in 2018, down from 89.8% in 2017.

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