23
Jan
Rating agency, Fitch, is predicting a favorable outlook for banks operating in Ghana in 2024. This follows the successful conclusion of the domestic debt exchange which most banks were negatively impacted. According to the UK based firm, the external debt restructuring will have little impact on the Ghanaian banking sector, but warns of elevated loan quality risk. The Director of Europe, Middle East and Africa Banks Ratings at Fitch Ratings, Tim Slater, stated at a Sub-Saharan Africa Sovereign programme that the conditions in the Ghanaian banking sector will improve this year. “To Ghana where we have an improving outlook for…