Audio By Carbonatix
Thursday’s Business Edition of PM Express will be discussing the recovery of the banking sector after the Domestic Debt Exchange Programme (DDEP).
The conversation follows the Ghana Association of Banks (GAB) stating that banks in the country are in good standing with their financial position despite losses incurred by the lenders due to the DDEP.
A recent assessment of financial statements of banks by Dr. Richmond Atuahene and K B Frimpong revealed that banks will lose an additional ¢6 billion due to reduced coupon rates and the extension of the maturity period from five to 15 years.
Mr John Awuah stated that even though banks appear to have been negatively impacted, the situation was anticipated, hence adequate measures were put in place to protect banks in the country.
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