2023 Ghana Banking Survey

8 Banks Accounted For 67% Of Banking Industry Exposure To DDEP – 2023 Ghana Banking Survey

8 Banks Accounted For 67% Of Banking Industry Exposure To DDEP – 2023 Ghana Banking Survey

Eight banks accounted for 67% of the banking industry exposure to the Domestic Debt Exchange Programme. This confirmed Joy Business story in November 2023 that eight banks were highly exposed to the Government of Ghana bonds. According to the 2023 Ghana Banking Survey by accounting professional, PwC, 72% of the impairment charge in 2022 were attributed to these banks. GCB, Consolidated Bank Ghana, Ecobank Bank Ghana and Absa Bank Ghana recorded the highest impairment charges of ¢1.81 billion, ¢1.77 billion, ¢1.62 billion and ¢1.61 billion respectively. However, the banks most impacted by impairment charge as a proportion of their investment…
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