The Bank of Ghana has cautioned savings and loan institutions to be cautious in their dealings due to the rising interest rates in the country and also, growing non-performing loans on their books.

According to the Head of Banking Supervision of the Bank, if the institution does not check this phenomenon, it could trigger some financial risks which may affect profitability.

Ghana recently went through a phase of bank collapse due to liquidity issues and non-availability to raise minimum capital requirements due to some of these issues raised by the bank.

From Accra, Atiewin Mbillah-Lawson reports.