Moody’s outlook for Ghanaian banks

PUBLISHED: Fri, 10 Aug 2018 14:19:07 GMT


Moody’s Investors Service says it expects Ghana’s debt burden to reach 72.4 percent of GDP by the end of the year, on the back of the costs associated with operationalising the newly created Consolidated Bank and the resolution of UT Bank and Capital Bank earlier. Peter Mushangwe, a Banking Analyst at Moody’s joins CNBC Africa to analyse Ghana’s banking space.