Fitch

This recent development underscores a significant uptick in investor confidence regarding Ghana's economic recovery, strongly driven by the efforts of Finance Minister Dr. Cassiel Ato Forson. It's remarkable how resilient economies can be, and Ghana's journey serves as a poignant reminder of this resilience. Eurobond Restructuring and External Debt Talks Drive Upgrade Fitch’s optimistic assessment stems from Ghana's noteworthy strides in debt restructuring. A prime example is the successful negotiation of $13.1 billion in…

In an encouraging turn of events for the banking sector, Fitch Ratings has recently upgraded the rating of Fidelity Bank, highlighting the organization's remarkable resilience and effective strategies. This significant uplift was attributed to Fidelity Bank’s successful capital raise through a rights issue and public offering, along with an impressive improvement in its profitability, largely driven by increased interest income paired with a solid foundation of low-cost current and savings deposits. Dr. Nneka Onyeali-Ikpe,…