Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) lost N35.55 billion in failed securities investments in Ghana for the financial period of 2022, Ripples Nigeria has learnt.
GTBank had invested in several securities offered by the Ghanaian government; Treasury bills, Eurobonds, Local US bonds and Cedis bonds.
According to the company’s financial reports released on April 14, the investments were made through GTBank Nigeria and its subsidiaries, GTBank Sierra Leone, GTBank Liberia, and GTBank Rwanda.
