Financial sector

Financial Sector Assets See 95% Growth

Financial Sector Assets See 95% Growth

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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