Managing Director of First Bank Ghana, Victor Yaw Asante, has shared insights into how the bank managed to withstand the impact of Ghana’s Domestic Debt Exchange Programme (DDEP) without facing major difficulties.

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During an appearance on Joy News’ PM Express Business Edition on Thursday, February 27, he attributed the bank’s stability to prudent financial strategies that limited its exposure to government bonds.

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“We stuck to our risk portfolio, our risk guidelines and so on. So when you do that, when there's a problem in any particular area, you still are capped,” he added.

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According to him, many financial institutions struggled with liquidity issues as a result of their significant investments in government bonds, but First Bank Ghana adopted a more prudent strategy.

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Yaw Asante noted that while government securities were a tempting investment, the bank intentionally minimized its reliance on them to ensure stability.

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“Even though it became easier to, for example, buy government bonds and so on, we didn’t. We didn’t go for that temptation at all,” he stated.

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