banking sector

Banking Sector Recovering From Post-DDEP – Monetary Policy Report
05 Sep

Banking Sector Recovering From Post-DDEP – Monetary Policy Report

Wontumi1Business,
The Bank of Ghana has revealed that the banking sector’s performance in half-year 2024 pointed to continuing recovery from the macroeconomic challenges since 2022. However, asset quality concerns remained a drag on the performance of the sector. According to its July 2024 Monetary Report, the banking sector remained profitable, liquid, and generally efficient during the review period, with stable solvency reflecting the rebound in profitability in the industry post-Domestic Debt Exchange Programme implementation, as well as the ongoing recapitalisation effort by banks. “The outlook remains stable, but recapitalisation and enforcement of stringent credit underwriting standards, and intensified loan recovery efforts…
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Banking Sector Remains Robust And Liquid Despite Economic Headwinds – BoG
11 May

Banking Sector Remains Robust And Liquid Despite Economic Headwinds – BoG

Wontumi2Business,
The Second Deputy Governor of the Central Bank, Elsie Addo Awadzi, has reassured stakeholders in the banking industry that despite current economic headwinds and debt restructuring efforts, the sector remains robust, liquid and solvent. According to her, prior to the onset of the Coronavirus pandemic, banking sector clean-up exercise and recapitalisation of banks ensured that the industry had the required capital and liquidity to contain macroeconomic shocks. “Indeed, our banking sector remains solvent and liquid even after the pandemic, in the face of recent macroeconomic challenges, and in particular the Government debt restructuring efforts. It is worth mentioning that the banking sector…
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