Financial Sector

Financial Sector Assets See 95% Growth
26 Sep

Financial Sector Assets See 95% Growth

wontumionlineBusiness
The nation’s financial sector assets’ value in nominal terms has almost doubled – recording a growth of 94.96 percent between the end of 2017 and 2022; a period marked by sector clean-ups, the COVID-19 pandemic, Domestic Debt Exchange Programme (DDEP) as well as recapitalisation of institutions in the sector. This was contained in the Ghana Financial Stability Review dubbed ‘Managing financial stability risks in the midst of a difficult macroeconomic environment and Domestic Debt Exchange Programme’, released by the sector’s various regulatory authorities based on audited and prudential figures from 2022 to end first-half 2023. The report published by the Financial Stability…
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Debt Exchange: Financial Sector Will Collapse If Government Adds T-bills – Economist
28 Dec

Debt Exchange: Financial Sector Will Collapse If Government Adds T-bills – Economist

wontumionlineBusiness, , , ,
Economist and Professor of Finance at the University of Ghana Business School, Professor Godfred Bokpin is warning of the collapse of the financial sector if government includes Treasury bills in the debt exchange programme. He, however, does not expect the government to rope in Treasury bills into the debt exchange programme because that is its only source of borrowing. Speaking on the Joy FM Super Morning Show, Professor Bokpin expressed unhappiness about the inclusion of individual bondholders in the debt exchange programme, describing the move as a wholesale approach. “If you look at the financing landscape right now, that [T-bills]…
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