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Restructured TOR and VRA Debts Initiative Reduces Stress on Banks

Banking & Finance, Finance, News February 13, 2017February 13, 2017 MASAHUDU ANKIILU 0 Comments

With the onset of payments of the restructured Tema Oil Refinery (TOR) and Volta River Authority (VRA) debts, the ratio of Nonperforming loans  (NPL) within Ghana’s banking sector in the last quarter of 2016 has improved from 19.0 percent at the end September 2016 to 17.3 per cent at the end December 2016.

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