Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
AI, better data drive down fintech non-performing loans – Owuraku Asare
9 minutes -
200 Years After Katamanso: Ghana commemorates the battle that changed the nation’s history
11 minutes -
MTN Ghana Foundation’s maternity block records 25,000 antenatal visits, over 6,000 deliveries in two years
12 minutes -
Ghana Sports Fund to end emergency fundraising with sustainable sports financing model
16 minutes -
Challenging Heights rescues 144 trafficking victims, urges probe into alleged baby-selling syndicate
22 minutes -
Residents of 4 Bekwai communities protest alleged harmful quarry operations
25 minutes -
Transport operators suspend proposed 30% fare hike pending next fuel pricing window
26 minutes -
Fake nurse and disease control officer at KATH convicted and fined GH₵ 12,000 each
32 minutes -
Styrofoam not biodegradable, poses serious health risks – EPA CEO warns
32 minutes -
Ghana’s building cost inflation edges up to 3.1% despite falling monthly prices
40 minutes -
Africa’s AI gap isn’t talent; it’s the door
52 minutes -
Convenience of using Styrofoam comes at a high environmental cost – EPA Boss
53 minutes -
NUGS demands probe into police assault on Techiman Krobo nursing students
55 minutes -
Bond market: Turnover increased by 177% to GH¢5.01bn
59 minutes -
Glasgow 2026: Abeku Jackson storms into butterfly semis, Unilez bows out
1 hour