Following its recent market growth, Agusto and Company Limited, a renowned pan-African credit rating firm, presented its inaugural seminar in Ghana.
Key stakeholders, including market participants and regulators, convened for a breakfast session entitled “The Impact of Credit Ratings on the Debt Capital Market in Ghana.”
Mr. Augustine Simons, Head of Ghana Fixed Income Market, Mr. Seyi Kumapayi, Executive Director of African Subsidiaries at Access Bank Plc, and Mrs. Yinka Adelekan, Group Managing Director of Agusto & Co. were among the notable attendees, according to a statement released by the firm, accessed by BrandSpur business and economy news.
Their talks centred on the necessity of giving financial institutions and businesses in the real sector more funding choices to improve liquidity and promote sustainable growth and development.
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The statement reads: “Mr Kumpayi highlighted the funding challenges facing African institutions, which ranged from weak access to capital markets, high costs, limited credit ratings, and volatility in exchange rates. He also highlighted the funding opportunities, including blended finance options, securitization and structured financing, and green and social impact bonds. He encouraged banks operating in Africa to work towards adopting international best practices on governance, regulatory, and compliance matters to increase confidence from international and domestic investors.”
