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Ecobank cautious on Ghana strategy as it counts cost of proposed debt-swap

By David Whitehouse

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Posted on December 13, 2022 05:00

© Ecobank in Côte d’Ivoire (AP Photo/Emanuel Ekra) — Ecobank in Côte d’Ivoire (AP Photo/Emanuel Ekra)

Ghana’s proposed domestic debt restructuring leaves Ecobank, the country’s largest bank by assets, cautious over its corporate finance strategy in the country.

The debt restructuring “will affect our risk-weighted assets,” the bank’s head of corporate finance Meinna Gwet tells The Africa Report. “We will have to be very cautious about our strategy in the country” in 2023.

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