Ghana is in talks with the World Bank for a $250 million loan to support banks affected by the DDEP. This funding aims to recapitalize at least 11 financial institutions in 2025, enhancing sector stability as part of the Ghana Financial Stability Project.
The Government of Ghana is currently engaged in negotiations with the World Bank to secure a funding facility of $250 million. This financial support is specifically aimed at aiding banks and financial institutions that have been negatively impacted by the Domestic Debt Exchange Programme (DDEP) as part of the broader Ghana Financial Stability Project.
The Ghana government, with the World Bank’s assistance, seeks to stabilize the local banking sector significantly affected by the DDEP. The initiatives include recapitalizing several financial institutions and restoring confidence among investors and depositors, ensuring that the financial sector remains resilient amidst economic hardships.
Original Source: www.ghanaweb.com
