The Managing Director of Fidelity Bank Ghana, Kingsley Opuni, has called for a deeper corporate debt market to help Ghana convert its improving economic conditions into long-term investment and sustainable growth.
Speaking at the Fidelity Bank Debt Capital Markets Conference 2026 in Accra, Mr. Opuni said lower interest rates should be viewed as an opportunity to expand funding options rather than an end in themselves.
He noted that lending rates had fallen to 15.64% in June 2026, while the Monetary Policy Rate had dropped to 14% from 27% in January 2025. Treasury bill rates have also declined significantly.
According to him, Ghana’s growing economy cannot depend solely on bank financing.
“Bank lending and capital market financing perform different but complementary functions,” he said, adding that well-structured bonds could provide businesses with longer-term funding, diversify their sources of finance and connect institutional savings to productive sectors of the economy.
Mr. Opuni said Ghana’s corporate debt market remains underutilised, citing challenges including issuer readiness, transaction costs, credit transparency and investor requirements.
He disclosed that Fidelity Bank had supported debt capital market transactions worth more than GH¢30 billion in various capacities, giving the bank practical experience in understanding the needs of issuers and investors.
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He urged market participants to work together to make bond financing more accessible and routine for credible Ghanaian businesses.
“The next task for us is to convert the stability we have into productive investment, sustainable growth and shared prosperity,” he said.
The conference brought together financial institutions, regulators, investors, pension fund managers and corporate issuers to discuss ways to deepen Ghana’s debt capital market and create new opportunities for investment and economic growth.
