*BoG to crack down loan defaulters with tough new sanctions* The Bank of Ghana (BoG) has unveiled a stringent new directive aimed at curbing the rising tide of non-performing loans (NPLs) and restoring stability to the country's financial sector. Under the new measures, individuals identified as willful loan defaulters by regulated financial institutions (RFIs) will be blacklisted from accessing credit for up to five years. Their names will also be reported to the Financial Intelligence Centre for further scrutiny. https://dennislawnews.com/article/bog-to-crack-down-loan-defaulters-with-tough-new-sanctions