Program Focus
In meeting its overall objectives, the workshop will address the specific following areas of
fundamental corporate credit analysis:
• To provide the banking delegates with an holistic framework of the key, fundamental areas of
analysis and due diligence that need to be conducted in analysing client credit risk;
• Demonstrating the primacy of free cash flow (and Operating cash flows) as the primary repayment
source and the importance of the Debt Service Coverage Ratio in measuring the company’s ability
to repay over the full term of the loan;
• Using financial statements and financial ratios to develop an integrated quantitative analysis of the
client company to understand the strength of its existing and future business model;
• Understanding the importance of liquidity and liquidity management for the survival of the going
concern in the context of the current business climate in Ghana;
• Using the Asset Conversion Cycle to measure the company’s working capital need
(working investment) and to assess the quality of liquidity management;
• Applying quantitative and qualitative credit risk models to a wide range of Ghanaian,
regional and international case study scenarios;
• Understanding the importance of strategic risk and its impact on the company’s ability to
honour its debt service obligations;
• Identifying key Early Warning Signals in financing corporate clients;
• Reviewing the importance of good Governance and management risk within the context of
international corporate governance principles and its impact on credit risk;
• Assessing the importance of external risk analysis and economic impact on the company’s
ability to generate cash flows over the life of the loan;
• Using forecast cash flow analysis through financial modelling to assess the impact of key
risk crystallisation on the company’s cash flows and its DSCR and to structure debt;