Access Holdings has sold a 7.44% stake in its Ghanaian subsidiary, marking a significant reduction in the Nigerian banking group's exposure to the West African market.
The transaction, reported by Nairametrics, underscores a strategic shift as the lender navigates evolving regulatory and liquidity conditions across its regional footprint.
56bn. This steep decline in volume points to a significant drying up of liquidity in the local fixed-income sector, complicating the operating environment for foreign lenders.
The sale comes at a time when Ghana's financial markets are experiencing notable stress.
Trading activity in the country's domestic bond market has contracted sharply, with weekly turnover falling by 71% to GH¢1.56bn.
This steep decline in volume points to a significant drying up of liquidity in the local fixed-income sector, complicating the operating environment for foreign lenders.
Despite the broader market illiquidity, Ghana's Ministry of Finance has managed to secure funding in recent auctions.