Ratings agencies downgrade Ghana’s biggest banks
Rating agencies Fitch and Moody’s have downgraded Ghana’s biggest banks, GCB Bank PLC and Ecobank Ghana Limited. GCB Bank PLC and Ecobank Ghana Limited are Ghana’s largest and second-largest banks, respectively. Two other Ghanaian banks with Nigerian affiliation, UBA Ghana and GTBank Ghana, also had their ratings revised from stable to negative due to their “high exposure to the sovereign …