Although not all products, HSBC, NatWest, Barclays, and Leeds Building Society have increased their fixed-term loan rates.

The rating agency also pointed out that the low import cover was caused by deteriorating reserves in addition to the depreciation.

Fitch Solutions, however, is hopeful that the advancements in debt restructuring will assist in resolving these issues and open the door for the CEDI’s rebound.

All things considered, the evaluation by Fitch Solutions offers some optimism for Ghana’s economy as it attempts to overcome the continuous obstacles to growth.

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