...Guaranty Trust Bank (Ghana) Ltd's (GTB Ghana) Long-Term Issuer Default Ratings (IDRs) are driven by the bank's standalone creditworthiness, as expressed by its Viability Ratings (VR). The VR captures the bank's high sovereign exposure relative to capital and the concentration of its activities in Ghana, but also its high profitability and large capital and liquidity buffers. Improving Operating Environment: Fitch Ratings forecasts Ghana's real GDP growth at 5.7% in 2026 and 5.3% in 2027 (2025: 5.9%). Inflation increased to 5% in August 2026 from 3.2% in March, driven by spillovers from the Iran war, but remains significantly below the 2025 average of 14.2%. The banking sector has exited forbearance measures related to the sovereign default that was launched in December 2022. Ghana's Long-Term IDRs were upgraded to 'B' with a Positive Outlook from 'B-' with a Stable Outlook in May 2026. Established Local Franchise: GTB Ghana's moderate domestic franchise represented 5.1% of banking system...
