Fitch optimistic about Ghana’s banking sector recovery amid robust earnings

Fitch Ratings has expressed optimism about the recovery of Ghana’s banking sector, citing strong profits and improved capitalisation after the challenges brought on by the Domestic Debt Exchange Programme (DDEP).  The ratings agency forecasts a brighter outlook for the sector as economic stabilisation efforts gain momentum. In its latest report, Fitch highlighted the critical role […]

Government reopens invitation for ESLA, Daakye Trust bondholders in Domestic Debt Exchange Programme

The Ghanaian government has extended fresh invitations to bondholders of E.S.L.A. Plc and Daakye Trust Plc, encouraging them to engage in the domestic debt exchange programme by trading their existing holdings for a new package. A press release issued on September 13 by the Ministry of Finance called upon holders of domestic notes and bonds […]

It will be suicidal to touch T-bills under debt exchange programme – Ofori-Atta

Finance Minister, Ken Ofori-Atta has assured that government will not touch Treasury Bills (T-bills) under the Domestic Debt Exchange Programme.  According to him, it will be suicidal for government’s own finances and fundraising programmes in the future to touch T-bills as part of the programme. Mr. Ofori-Atta noted that government has conducted a Debt Sustainability […]