Tag: Fitch

Morocco’s current account deficit is expected to shrink in 2022, following an expansion in 2021 to 3.7 per cent of GDP from 1.4 per cent of GDP in 2020, according ...

Ghana’s automotive industry has made considerable progress, placing the country at fifth position, above Nigeria in the SSA region, according to Fitch Solutions Auto Sales Risk/Reward Index (RRI). The country ...

Fitch Ratings has upgraded Benin’s long-term foreign currency issuer default rating (IDR) to ‘B+’ from ‘B’ with a stable outlook. This new rating action reflects the resilience of Benin’s economy ...

Nigeria’s GDP is set to rise to 2% this year, following a 1.8% contraction in 2020. Thus, reflecting favorable base effects and the rise in oil prices, Fitch Ratings forecasts. ...

The initiative to allocate new special drawing rights (SDRs) to member countries under external financing pressure from the pandemic is helpful, albeit would not be sufficient to address sovereign debt ...

The positive developments in Ghana’s metals sector, steel and aluminum output has increased and also raised the potential for the country’s budding autos industry to move up the automotive production ...

Fitch, a ratings agency, has per its report findings on Ghana’s economy suggests that, its ratings may be downgraded to the barest minimum if large fiscal deficit and public debt ...

Out of 14 sub-Saharan African, SSA, countries, Ghana is fourth in terms of mobile phone penetration. With a percentage of 127.3%, Ghana is beating Africa’s most populous country Nigeria and ...