What is Ghana’s economic recovery outlook?
The Ghanaian authorities have worked in recent years to increase the depth and breadth of the country’s capital markets, introducing fixed-income, commodity and small business-focused exchanges. The Covid-19 pandemic brought slower trading activity and lower market capitalisation as investors shifted from equities to comparatively lower-risk...
Moves prior to the Covid-19 pandemic to shore up the banking sector proved prescient, as it put local institutions in an advantageous position to face the unique challenges posed by the health crisis. After a sector clean-up, both assets and deposits rose as asset quality improved, and higher minimum capital requirements ensured that banks...
The banking sector has played a key role in mitigating the effects of the Covid-19 pandemic on small and medium-sized enterprises (SMEs). Banking authorities and institutions moved swiftly to ease the economic pressure on SMEs and other entities in the early months of the crisis. In late March 2020 interest rates were cut by two percentage...
How do you assess the soundness of Ghana’s banking sector, and how did it fare during the pandemic?
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