Fitch Raises Ghana’s Ratings to ‘B-‘, Pushing It Closer to Investment Grade

Fitch raises Ghana’s ratings to ‘B-’, pushing it closer to investment grade

The gold producing nation is recovering from its most severe economic crisis in decades after facing challenges in its critical cocoa and gold industries which forced the government to restructure its debt.

Fitch raises Ghana’s ratings to ‘B-‘, pushing it closer to investment grade

(Reuters) -Ratings agency Fitch upgraded Ghana’s ratings to “B-” from “restricted default” on Monday, saying the country has normalized relations with a significant majority of its external commercial creditors. The gold producing nation is recovering from its most severe economic crisis in decades, after facing challenges in its critical cocoa and gold industries which forced the government to restructure its debt. “We expect Ghana will fully c…

Fitch raises Ghana’s ratings to ’B-’, pushing it closer to investment grade

Fitch Raises Ghana's Ratings to 'B-', Pushing It Closer to Investment Grade

Is the current state of the Bank of Ghana fit-for-purpose?

Key institutional context: The government of Ghana like other governments have the macroeconomic objective of low and steady inflation .

BoG reaffirms flexible exchange rate stance

Dr Johnson Asiama, Bank of Ghana Governor The Governor of the Bank of Ghana, Dr Johnson Asiama, has reiterated the central bank’s commitment to a flexible exchange rate regime. According to him, this approach enables the bank to respond effectively to economic shocks and maintain stability in the foreign exchange market. Dr Asiama made these […] The post BoG reaffirms flexible exchange rate stance appeared first on Ghanamma.com.