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Fitch downgrades Ghana to ‘CCC’

Fitch

Ratings agency Fitch on Wednesday, August 10, 2022, downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, citing a deterioration in public finances. In a statement, Fitch said the downgrade reflects the deterioration has contributed to a “prolonged lack of access to Eurobond markets, in turn leading to a significant decline […]

Former President Mahama calls for dialogue over recent economic downgrade

Federation of Labour supports proposed 24-hour economy

SOURCE: MYJOYONLINE Former President, John Dramani Mahama says the continuous depreciation of the cedi shows that the mid-year budget review failed to achieve its intended purpose. He says investors still do not have confidence in the Ghanaian economy. According to him, this has resulted in the further downgrade of the economy. There appears to be […]