AGP Executive Report
Last update: 2 hours agoCybersecurity: CrowdStrike says a China-based individual likely used AI tools to steal data from South Korean financial institutions; at least nine banks were reportedly targeted. The findings add urgency to Ghana’s planned AI rules for banks and cybersecurity reviews. Ghana Banking: The country’s banking assets reached GH¢500.2 billion, and all 23 banks meet capital requirements. The Bank of Ghana will also introduce credit-risk rules in July 2027. Nigeria Outlook: Tinubu says a World Bank report backs his reforms, citing 4.2% first-half growth and stronger reserves; the Bank projects average growth of at least 4.4% through 2028. JPMorgan plans to launch a merchant bank in Nigeria by year-end. Global Risks: The World Bank is discussing crisis aid with 30 to 40 countries as energy costs and debt strain economies ahead of IMF–World Bank meetings in Bangkok. Markets: US bank earnings and inflation data are in focus this week. A bond selloff has lifted borrowing costs and lowered traders’ rate-hike expectations.
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