This will enable the banks to work effectively with their external auditors to achieve the audit objectives.

In a press release issued by GSE in Accra today, it said the Association indicated that their ongoing discussions on the Government of Ghana Debt Exchange programme has affected the finalisation of financial statements for the year ended December 31, 2022, by external auditors of the banks.

“In particular, the deliberations have implications for the assessment of Expected Credit Losses and its impact on 2022 financial statements.

“It is against this background that the date for filing of 2022 audited financial statements is extended by one month to April 30, 2023,” it said.

It added that the banks that can conclude their audit on time, after the ongoing discussions were encouraged to publish their audited financial statements within the existing statutory timeline.