{"id":65122,"date":"2014-11-14T13:26:12","date_gmt":"2014-11-14T13:26:12","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=65122"},"modified":"2014-11-14T15:19:53","modified_gmt":"2014-11-14T15:19:53","slug":"bog-defends-loan-directive","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=65122","title":{"rendered":"BoG defends &#8216;loan&#8217; directive"},"content":{"rendered":"<p>The Bank of Ghana has allayed fears that its new directive on loan write-offs will have a negative impact on the banking\u00a0industry.<\/p>\n<p>The Bank of Ghana last month issued a directive to commercial banks to write-off bad loans that are recorded as a loss\u00a0within 180 days, if it is not recovered.<\/p>\n<p>A number of banks have raised red flags about the issue indicating it will have dire consequences for the banking system.<\/p>\n<p>But the Governor of the central bank, Dr Henry Wampah says the move is expected to strengthen the whole banking industry\u00a0rather than cripple it.<\/p>\n<p>Dr Henry Wampah however adds that the directive does mean banks should not continue to pursue the loan if it is written\u00a0off.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Ghana has allayed fears that its new directive on loan write-offs will have a negative impact on the banking\u00a0industry. The Bank of Ghana last month issued a directive to commercial banks to write-off bad loans that are recorded as a loss\u00a0within 180 days, if it is not recovered. A number of banks [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":46020,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[4],"class_list":["post-65122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/65122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65122"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/65122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/46020"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}