GCR affirms the Ghanaian Financial Institutions’ Sector Risk Score of ‘2.5’ balancing on-going asset quality pressure and good profitability
The Ghanaian financial institutions sector risk score of ‘2.5’ is restrained by the unquantified ramifications of the on-going COVID-19 pandemic and lower commodity prices, which pose major risks to the banking industry’s operations and performance. Ghanaian banks face asset quality deterioration linked to high exposure to oil and gas sectors as a result of low but increasing oil prices.