Fitch downgrades Ghana to ‘CCC’
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 […]
Ghana records another Marburg death
SOURCE: BBC Ghana has recorded one more death from the Marburg virus bringing to three the number of deaths since the outbreak of the virus began here. The victim is a relative of one of the first two cases. Marburg is a highly infectious disease in the same family as Ebola and is transmitted from […]
Ghana to write 2022 WASSCE alone
SOURCE: GRAPHICONLINE Only Ghanaian candidates are left to write the West African Senior High School Certificate Examination (WASSCE), scheduled from August 1 to September 27, 2022. This is because the other four-member countries of the West African Examinations Council (WAEC) — Nigeria, Liberia, Sierra Leone and The Gambia — have returned to the May/June calendar […]
Ghana ranked 2nd in the world by Bloomberg with highest debt default risk
Ghana has been ranked 2nd in the world by Bloomberg with the highest debt default risk. The debt to GDP, is estimated at 84.6% by the end of this year. This indicates that the nation’s debt will surpass ¢400 billion. Together with Brazil, Ghana’s interest expense to GDP is projected to hit seven-point-two percent in […]
