Ghana's Banking Sector Undercapitalized Before 2017 Cleanup, Recapitalization Bonds Issued

Ghana's banking sector was significantly undercapitalized for much of the decade leading up to the 2017 cleanup, with recapitalization bonds equivalent to about 2.6% of GDP issued to support struggling banks.

20 Aug, 16:25 — 20 Aug, 16:25

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myjoyonlineMixed11d ago

Banking sector was undercapitalised for much of decade preceding 2017 cleanup – Opoku-Afari

In addition, the paper revealed that the recapitalisation bonds equivalent to about 2.6% of GDP were issued to support undercapitalised banks as part of broader financial-sector strengthening following the Domestic Debt Exchange Programme (DDEP).

By Charles Nixon

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Ghana's Banking Sector Undercapitalized Before 2017 Cleanup, Recapitalization Bonds Issued

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Banking sector was undercapitalised for much of decade preceding 2017 cleanup – Opoku-Afari

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