International 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
Fitch Downgrades Ghana To ‘CC’
Ken Ofori-Atta Fitch Ratings downgraded Ghana’s long-term local- and foreign-currency issuer default ratings (IDRs) to ‘CC’, from ‘CCC’, last Friday. The latest downgrade comes barely a month after the rating agency
Fitch Downgrades Ghana To ‘CCC’
International credit ratings agency, Fitch has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) from ‘B-‘ to ‘CCC’ from, citing a deterioration in public finances. In a statement on
Fitch Confirms $3bn IMF Lifeline For Ghana
Fitch Ratings has confirmed that Ghana is likely to receive $3 billion over three years from the programme of the International Monetary Fund (IMF). Bloomberg reported last week that the loan
Fitch Upgrades UBA Ghana’s Long-Term IDR To ‘B’
FITCH RATINGS has upgraded United Bank for Africa (Ghana) Limited’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and Viability Rating (VR) to ‘B’ from ‘B-‘. The Outlook on