Fitch Ratings has maintained UBA Ghana’s Long-Term Issuer Default Rating at ‘B-’ with a stable outlook, citing robust capital buffers and improved asset quality.
The affirmation signals confidence in Ghana’s banking sector amid broader economic recovery, following the country’s recent sovereign credit upgrade.
UBA Ghana’s capital adequacy ratio stands at 14.1%, well above regulatory requirements, while impaired loans halved from 24.7% in 2023 to 12.5% in 2024.
The bank’s average operating return on risk-weighted assets reached 4.5%, reflecting sustainable growth and effective risk management.
These metrics position UBA to expand lending to SMEs and corporates despite only 9% of assets currently allocated to loans.
Managing Director Uzoechina Molokwu attributed the rating to “prudent risk management and parent-group support” from Nigeria-based UBA Plc.
The endorsement arrives as Ghana pursues single-digit inflation under its IMF program, with stable banks seen as critical to economic revival.
