The Bank of Ghana ran a stress test on all the banks doing business in the country, and surprise, surprise some of them didn’t exactly pass with flying colors. A few were looking pretty shaky when it came to major credit losses. Not great, but, you know, it could’ve been worse.
That said, credit risks weren’t totally out of control. The Central Bank basically said, “Yeah, we’ve got this,” thanks to strict rules around currency exposure, decent management of when debts come due, and enough cash on hand to keep things from spiraling. So, not exactly panic mode.
They checked out the usual suspects: sovereign risk (think government debt troubles), credit, market chaos, and liquidity squeezes. The overall vibe? The sector’s holding up okay, even if it’s not bulletproof.
Oh, and about those Eurobonds everyone’s been sweating over the assessment showed it wasn’t a giant disaster for the banks’ solvency. Why? Because the banks had already stashed away cash to cover themselves if things went sideways with the bonds. So, minimal damage there.
Long story short: some banks are a bit wobbly, but the system hasn’t gone off the rails. Yet.