Investment Times

In its 8th Ghana Economic Update, the World Bank reported that more than half of the 23 banks operating in Ghana are in a strong position to avoid the need for recapitalisation. According to the report, most banks in the country have achieved over two-thirds of the required recapitalisation within a year, despite the initial three-year target. The Bank of Ghana expects that the early completion of these recapitalisation efforts will enhance the resilience of the banking sector, enabling it to better support the recovery of the real economy. The central bank also noted that banks affected by the Domestic...