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 […]

Ghana, Zambia to emerge from foreign-currency debt default in 2024 – Fitch

Rating agency, Fitch, expects Ghana and Zambia to emerge from default on their foreign-currency debt in 2024. In its Regional Sub-Saharan African Sovereigns Outlook 2024, it stated that the two countries will come good in terms of restructuring their debts. “We forecast gradual fiscal consolidation due to financing constraints and fiscal reform efforts, which, in […]