Absa Group Ltd.’s after-tax profit in Ghana was significantly impacted by hyperinflation, resulting in a 403 mln rand (USD 21.6 mln) reduction. The ongoing high inflation, peaking at 54% in December 2022 and persisting above 20%, continues to challenge the financial outlook, potentially leading to an even higher impact on the bank earnings for the current year amid an uncertain environment for interest rate adjustments in Ghana.