The Ghanaian government is in advanced talks to obtain a funding facility worth $250 million.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

In an effort to restore financial stability in the wake of the Domestic Debt Exchange Programme (DDEP), the Government of Ghana is in advanced discussions to secure a $250 million funding facility from the World Bank.

The financial assistance is intended to support the recapitalization of banks and other financial institutions adversely impacted by the programme.

Andrew Amerkson, the Head of Banking and Non-Banking at the Ministry of Finance, revealed that the government is focusing on helping recapitalize at least eleven financial institutions in 2025.

Source: newsthemegh.com