{"id":97861,"date":"2025-10-10T05:06:02","date_gmt":"2025-10-10T05:06:02","guid":{"rendered":"https:\/\/sotnews.agency\/?p=97861"},"modified":"2025-10-10T05:06:02","modified_gmt":"2025-10-10T05:06:02","slug":"nearly-70-of-medical-doctors-default-on-their-loans-ghana-association-of-banks-president","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=97861","title":{"rendered":"Nearly 70% of medical doctors default on their loans \u2013 Ghana Association of Banks President"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 15 Second <\/div>\n\n <\/div>
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President of the Ghana Association of Banks, John Awuah, has revealed that nearly 70% of medical doctors who take loans from local banks default on repayment.<\/p>\n

Speaking on Joy News\u2019 PM Business Edition<\/em> with George Wiafe on October 9, he said the development has become a worrying trend within the banking sector.<\/p>\n

He explained that many doctors, who are generally regarded as highly credible, take personal loans from banks and leave the country without repaying.<\/p>\n

\u201cLet me tell you, we have heard of doctors. These are on the moral pecking order. When you see a medical doctor, you almost 100% assume that they are not fallible. They don\u2019t make mistakes, and things like borrowing and payment will come to them naturally,\u201d he said.<\/p>\n

According to him, the situation is being fueled by doctors who migrate abroad for work after securing loans locally.<\/p>\n

\u201cDo you know what doctors are doing to the banking system, particularly those who are offshoring their services, like migrating to other jurisdictions to work? They have bank accounts. They use your bank statements. <\/p>\n

\u201cThey have, you know, personal loans. The bank will not ask you exactly what you are going to buy since it is a personal loan. They will come to a bank, take like, let\u2019s say, GH\u00a2120,000 or GH\u00a2150,000, take a visa and jump off and leave the loan hanging,\u201d he disclosed.<\/p>\n

He noted that although these doctors are gainfully employed abroad, most do not make efforts to settle their debts.<\/p>\n

\u201cWherever they are going, they are working there and earning, and one would think that as medical practitioners, they will just say, \u2018I have a liability in Ghana, which enabled me to demonstrate that I can fund my travel, so let me come and settle\u2019. <\/p>\n

\u201cAbout 70% of them are not paying,\u201d he added.<\/p>\n

Mr Awuah said the banks are alarmed that professionals held in high esteem are engaging in such practices.<\/p>\n

\u201cThese are medical doctors, people we hold in high esteem, to the extent that at some point we were even attempting to write to the embassies to seek clearance from banks before they allow visa processes to go through,\u201d he said.<\/p>\n

He revealed that the Ghana Association of Banks has begun engaging the Ministry of Foreign Affairs to address the issue through diplomatic channels.<\/p>\n

\u201cThere are processes we are going through with the Ministry of Foreign Affairs to contact the diplomatic corps, since you don\u2019t just wake up and write to them. <\/p>\n

\u201cWe\u2019ve already started. There\u2019s a letter that is logged at the Ministry of Foreign Affairs, which is trying to achieve that, but that is a reactive mechanism,\u201d Mr Awuah explained.<\/p>\n<\/div>\n

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\"NearlyPresident of the Ghana Association of Banks, John Awuah, has revealed that nearly 70% of medical doctors who take loans from local banks default on repayment.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,5542,10205,1883,10007,10,9,1887],"tags":[],"class_list":["post-97861","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-john-awuah","category-medical-doctors","category-national","category-non-performing-loans","category-politics","category-popular","category-top-story"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/97861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97861"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/97861\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}