Best bank: Ecobank Ghana
Banks in Ghana have faced a difficult couple of years thanks to the government of Ghana’s debt default and domestic debt exchange programme announced in November 2022.
The government agreed an IMF bailout at the beginning of 2023, and, as the largest holders of government debt, the banks have borne the brunt of the situation. They have continued to see heavy losses as the country has defaulted on a series of eurobond coupon payments.
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