• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Despite debt exchange, banks to continue lending to government

2 years ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
252
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Despite debt exchange, banks to continue lending to government

The recent domestic debt exchange programme has raised concerns among industry players in the banking sector about the potential impact on their exposure to government securities in the future. Available statistics suggest that the banking industry has been one of the most affected by the programme, and this has prompted questions about the credibility of government as a debtor.

Despite these concerns, some industry leaders remain confident that the government’s dealings with commercial banks will not be significantly affected in the long term. Daniel Asiedu, managing director of Omni BSIC, speaking in an interview acknowledged the difficulties caused by the debt exchange programme but emphasized that the government remains one of the most credible debtor to the financial sector.

Asiedu went on to state that banks would continue to lend to the government despite the debt exchange, as the government remained attractive to them. He noted that the banking industry had been through similar situations in the past and would be cautious in selecting which government instruments to invest in. However, he also noted that banks had little choice but to continue supporting the government and the economy.

The managing director’s views on the matter reflect a broader sentiment in the banking industry that while the debt exchange programme may have caused some short-term difficulties, the government remains a crucial partner for the financial sector and the economy as a whole. The government’s creditworthiness is closely tied to the country’s economic performance, and as such, it is in the interest of banks to maintain a positive relationship with the government.

The debt exchange programme itself is part of a wider effort by the government to manage its debt levels and improve its financial standing. While there may be short-term disruptions, it is hoped that the long-term benefits of the programme will outweigh any temporary challenges. Furthermore, the government’s commitment to improving its financial situation is a positive signal for the banking industry, as it suggests that the government is taking steps to address its debt levels and improve its fiscal management.

The recent debt exchange programme has raised concerns among industry players in the banking sector, but some remain confident that the government’s credibility as a debtor will not be significantly affected. While there may be short-term challenges, the government remains an important partner for the financial sector and the economy as a whole. The debt exchange programme is part of a wider effort by the government to manage its debt levels and improve its financial standing, and this commitment is a positive signal for the banking industry.

RelatedPosts

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Tags: Banksdebt exchangeDespite debt exchangeGhanaian banks to continue lending to government
No Result
View All Result

Highlights

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

CHAN: Morocco and Madagascar Advance to Semi-Finals, Ending Kenya and Tanzania’s Dreams

Trending

Features

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert Nigeria’s ports handle...

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.