Ghanaian bank credit profiles improve on stronger operating environment – Fitch

Capitalization Recovered from Sovereign Debt It continued that capitalization has recovered from the sovereign debt restructuring, launched in December 2022, due to extremely strong profitability underpinned by high interest rates.

It also revised their operating environment scores up, following the sovereign upgrade, reflecting the high correlation of their credit profiles with that of Ghana due to their large holdings of government securities.

This is due to their large holdings of government securities and the stabilisation of economic conditions following the sovereign debt restructuring.