lending

Nigeria’s biggest bank by market value, Guaranty Trust (GT) Holding Company, will slowdown lending and bond trading in Ghana, following a $77 million loss. According to Bloomberg, GT Bank will rather focus on other high-yielding African markets to boost lending by 15% in 2023. It will therefore expand credit by not more than 5% in Ghana and limit itself to treasury bills for securities investments. Chief Executive Officer (CEO), Segun Agbaje, said the harsh operating environment and high inflation rate in Ghana makes it difficult for businesses to make money and pay back loans. Ghana is currently restructuring most of…