{
  "id": 6535603,
  "title": "Banks’ credit profiles improve on stronger operating environment – Fitch",
  "url": "https://urgent.news/2026/09/10/banks-credit-profiles-improve-on-stronger-operating-environment-fitch",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T03:22:32.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/ghanaian-bank-credit-profiles-improve-on-stronger-operating-environment-fitch/"
  },
  "original_language": "en",
  "account": "Ghana's improving creditworthiness is positively impacting banks' credit profiles, according to Fitch Ratings. The UK-based firm upgraded Ghana's Long-Term Issuer Default Ratings (IDRs) to 'B' / Positive from 'B-' / Stable in May, citing a significant reduction in government debt to Gross Domestic Product (GDP) and an increased in international reserves. Fitch expects continued fiscal prudence and further bolstering of external buffers, noting the sector's capitalization recovery following the sovereign debt restructuring initiated in December 2022. The banking sector's total capital adequacy ratio reached 20.4% at the end of June 2026, more than double the 10% minimum requirement. Most banks had exited regulatory forbearance by the end of 2025. The impaired loans ratio has also decreased from 23.1% at end-1H25 to 16.1% at end-1H26 due to strong credit growth and economic improvements. Fitch upgraded Guaranty Trust Bank (Ghana) Ltd and United Bank for Africa Ghana Ltd Long-Term IDRs to 'B' / Positive from 'B-' / Stable, with the operating environment scores revised upwards following the sovereign upgrade.",
  "summary": "The UK-based firm upgraded Ghana’s Long-Term Issuer Default Ratings (IDRs) to ‘B’/Positive from ‘B-’/Stable in May reflected a sharp fall in government debt to Gross Domestic Product (GDP) and a marked increase in international reserves.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Banks’ credit profiles improve on stronger operating environment – Fitch",
        "url": "https://urgent.news/2026/09/10/banks-credit-profiles-improve-on-stronger-operating-environment-fitch-6536178",
        "published": "2026-09-10T03:22:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}