The auditing firm in its post 2026 budget presentation analysis says the sector’s ability to meet this target will be a defining test for Ghana’s financial stability.

The caution comes as the NPL ratio has already fallen from 22.8% in 2024 to 20.4% by September 2025, helped by a stronger cedi, write-offs, recoveries and moderate credit growth.

Under the central bank’s new NPL reduction guidelines, regulated financial institutions are expected to submit board-approved strategies detailing how they intend to manage and reduce bad loans over the period.

Deloitte also highlights a sharp easing in credit conditions, with average lending rates dropping from 30.6% in 2024 to 22.7% in 2025, and expects further declines as macroeconomic conditions stabilize.

On restructuring, Deloitte points to a major turnaround at the National Investment Bank following government’s interventions—GH¢450 million in cash, GH¢1.5 billion in marketable bonds, and the transfer of GH¢500 million in Nestlé Ghana shares.

These measures have reversed NIB’s negative capital adequacy position to 23% and restored full compliance, paving the way for the bank to refocus on SMEs and expand its transaction capacity.

The firm notes that government plans to recapitalize other state-owned banks could further strengthen the industry, stabilize depositor confidence, protect jobs and position the institutions for eventual listing on the Ghana Stock Exchange.