Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade. The rating downgrade to Caa2, …
Tag:
GHANA’S ECONOMY
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana raises interest rate to 22%, the highest since 2002
The Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent in a bid to curb inflationary pressures and halt the depreciation of …
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AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading
Fitch, a global rating agency, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflected the deterioration of Ghana’s public finances, …
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AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
Ghana’s inflation rises to 31.7% in July
Inflation in Ghana accelerated at a faster pace than expected in July as a slump in the value of the cedi raised the cost of imported goods like cooking oil …
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AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
S&P Global affirms Ghana’s rating CCC+, Outlook Negative
Standard and Poor’s(S&P), Global Ratings, has revised Ghana’s rating from B-/B to CCC+/C, putting the country’s creditworthiness into junk status. It also reviewed the country’s economic outlook to negative, reflecting …