The Finance Ministry says the recent downgrading of the country’s credit ratings by Standard and Poor was not due to how the economy has been managed.

It said the ratings agency was not just peculiar to Ghana, as the Standard and Poor took turns to review other countries about how COVID-19 could impact on their economies.

The Ministry in the statement added that even compared to Ghana’s peers the country is in better position to recovery fully based on some measures taken to stabilize the economy

Ratings Agency Standard and Poor’s on September 11 lowed the country’s creditworthiness from B to B negative but with a stable outlook.