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Ghana’s IMF programme will not be suspended despite risk of government failing to meet targets  – Fitch Solutions

June 27, 2023 Fitch Solution has stated that Ghana’s International Monetary Fund Programme will not be suspended despite a higher-than-budgeted expenditure. According to its latest assessment of Ghana...

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June 27, 2023 / Comments (0)

Ghana has long way to restructure its debt; second round of DDEP expected – Fitch

June 14, 2023 Ghana has a long way to go to restructure its more than 400 billion debt, rating agency, Fitch, said. According to the UK-based firm, there could be a second round of the Domestic Debt...

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June 14, 2023 / Comments (0)

Fixed investment to grow at a low 1.3% in 2023 – Fitch Solutions

May 31, 2023 Fixed investment in Ghana will grow by a subdued 1.3% in 2023, below the 2015-2019 average of 2.7%, adding 0.3 percentage points to the headline growth. According to Fitch Solutions, this...

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May 31, 2023 / Comments (0)

BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

May 26, 2023 The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps) to 27.50% by end-2023. According to Fitch...

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May 26, 2023 / Comments (0)

Ghana’s public debt to GDP decreased by 1% despite debt restructuring – Fitch

April 26, 2023 Despite a significant redemption reprofiling and a substantial reduction in interest rates, Ghana’s public debt-to-Gross Domestic Product (GDP) has only decreased by one percentage point...

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April 26, 2023 / Comments (0)

Fitch downgrades Ghana’s borrowing capacity to ‘Restrictive Default’

April 26, 2023 Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. It has also downgraded to ‘CC’ from ‘CCC’ and...

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April 26, 2023 / Comments (0)

BoG to keep policy rate steady at 30.5% in 2024 – Fitch Solutions

April 4, 2023 Fitch Solutions has indicated that the Bank of Ghana will keep the policy rate on hold at 30.5% in 2024. This is coming after the Central Bank adjusted its key lending rate to banks at...

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April 4, 2023 / Comments (0)

Fitch upgrades Ghana’s rating to ‘CCC’

March 22, 2023 International ratings agency, Fitch Ratings, has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The upgrade of the ratings on...

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March 22, 2023 / Comments (0)

Government’s 2023 revenue target unrealistic – Fitch Solutions

March 8, 2023 Fitch Solutions had said in its 2023 February Africa Monitor Report that Ghana’s 2023 revenue target is unrealistic. In 2023, the government intends to collect total revenue and grants...

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March 8, 2023 / Comments (0)

Fitch downgrades Ghana again to ‘Restricted Default’ after failing to pay $40.6m coupon

February 21, 2023 Ratings agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ after the country missed the...

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February 21, 2023 / Comments (0)