Ghanaian banls

In its 8th Ghana Economic Update, the World Bank reported that over half of Ghana’s 23 banks are well-positioned to avoid the need for recapitalization. Within just a year, most banks had achieved over two-thirds of the recapitalization target, initially set for completion in three years. The Bank of Ghana expects that the early completion of these efforts will strengthen the banking sector’s resilience, enhancing its ability to support the real economy’s recovery. The Bank of Ghana also noted that banks affected by the 2023 Domestic Debt Exchange Programme (DDEP) are following their approved capital restoration strategies in line with…