Fitch warned that Ghana’s ongoing Domestic Debt Exchange Program (DDEP) is likely to weigh on the balance sheet of commercial banks and consequently reduce credit to the private sector. The country is trying to bring its debt restructuring to sustainable levels to obtain the IMF’s USD 3 bln bailout package. In nominal terms, private sector credit increased by 31.8% in December from 11.2% last year. In real terms, private-sector credit contracted sharply by 14.5% compared with a 1.3% contraction last year.