ALL POSTS FILED UNDER: FITCH
Fitch downgrades Ghana’s long-term local currency to RD
Add a CommentFitch Ratings has lowered the Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) of the nation to restricted default (RD) from ‘CCC’. This action was taken due to missed payments on certain local-currency bonds issued before the domestic debt exchange programme … Read more →
Ghana may default in debt repayment – FITCH
Add a CommentInternational rating agency, Fitch, says the country has more than 50 per cent chance of defaulting on its debt repayment. According to Fitch, the country’s sovereign credit rating may face another downgrade closer to default, if talks with the International … Read more →
Govt expects IMF cash to hit account in Q4 this year as Fitch predicts Ghana to receive $3bn
Add a CommentGovernment spokesperson on Governance and Security, Mr Palgrave Boakye-Danquah has revealed that the fund from the International Monetary Fund (IMF) is expected to hit the accounts of the Government of Ghana in the fourth quarter (Q4) of this year. This … Read more →
NPP to win 2020 elections – Fitch
Add a CommentThe governing New Patriotic Party (NPP) has been tipped to win next year’s general elections and retain majority in Parliament as well, Credit Ratings agency Fitch has predicted in its latest political analysis of the country. It said “Given the … Read more →
Railway growth to hit 6.9% GDP annually – Fitch
Add a CommentRAILWAY construction will contribute to Ghana’s positive construction industry growth forecast with an average growth of 6.9 percent annually to 2028, placing the country above the Sub Saharan African peers, international ratings agency Fitch has predicted. “We hold a positive … Read more →
Ghana ready for VW operations – Fitch
Add a CommentGHANA and two other sub African countries have the required infrastructure and consumer base, albeit small, to support Volkswagen’s planned operations in the sub region, ratings agency, Fitch says in a report. According to the report, “Our telecoms team believes … Read more →
Fitch predicts resurgence in ‘galamsey’
Add a CommentILLEGAL mining, popularly called ‘galamsey’ is expected to thrive in the country in the coming months despite government’s onslaught on the menace. According to BMI, a research outfit of ratings agency, Fitch, increasing economic ‘pull factors’ will actually encourage the … Read more →
Fitch lauds Ghana’s macroeconomic stability
Add a CommentCredit rating agency Fitch Ratings has affirmed Ghana at ‘B’ with stable outlook, citing medium-term growth potential and improving macroeconomic stability. It noted that falling inflation will allow Bank of Ghana (BoG) to continue lowering monetary policy rate, take other … Read more →
Cedi to appreciate against dollar for the rest of 2017 – Fitch
1 CommentTHE local currency, the cedi, is expected to strengthen against the US dollar for the rest of the year as economic growth outperforms earlier estimates, BMI, the research outfit of ratings agency Fitch has predicted. It is therefore projecting an … Read more →
Major boost for businesses as Fitch predicts 18% prime rate
Add a CommentGHANA’S private sector is set to experience a major boost as government continues to pursue growth-oriented and job creating policies. Bank lending rates, which have remained high for decades, are expected to trend downwards as the prime rate of the … Read more →
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