French Banks exit from Africa will uplift indigenous banks – Fitch
Fitch Solution, an international rating agency, says French banks exit from Africa will create more opportunities for local banks. The rating agency said their exit could potentially spur growth and competition for local banks. This forecast comes against the backdrop of the Societe Generale (SG) decision to withdraw from the Ghanaian banking market and two […]
Fitch upgrades Ghana’s Long-Term Local-Currency IDR to ‘CCC’
Fitch Ratings has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The issue ratings on local-currency bonds issued domestically that have not matured yet have also been upgraded to ‘CCC’ from ‘D’. Fitch has affirmed Ghana’s Long-Term Foreign-Currency (FC) IDR at ‘RD’. Fitch typically does not assign Outlooks to […]
