Top Nigerian bank plans to reduce lending and bond trading in Ghana

The bank also hopes to increase its profit-before-tax growth by 31% from 214.2 billion naira in 2022.

According to a GraphicOnline report, GT Bank will rather be focusing on other high-yielding African markets to boost lending by 15% in 2023.

Ghana exchanged notes worth 87.8 billion cedis that paid an average of 19%, with bonds returning as little as 8.35%, causing losses for financial institutions. Many overseas creditors are still in talks with the authorities regarding the issue.

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