Standard and Poor's (S&P) Global has downgraded Ghana's long-term local currency bonds to "selective default" and cut the country's foreign currency debt to "CC" from "CCC+" with default as "virtual ...
The Government of Ghana has questioned the latest downgrade by one of the rating agencies– Moody’s and subsequently called for needed reforms within credit rating agencies. The Ministry of Finance ...
Ghana’s first-time sale of a zero-coupon bond on the international market poses high risk to investors as interest rates are likely to rise rapidly in the US and other advanced ...
The Ghanaian economy is likely to be predisposed to exchange rate volatility and high interest costs due to the government’s intentions to borrow from the International Capital Markets (ICM) to ...
According to a new global oil market forecast from Moody’s, the price of Brent crude oil is expected to rise from $40 to $45 per barrel in 2021. Based on ...
Moody’s Investors Service predicts a negative outlook for African banks in 2021 as a result of the difficult operating conditions and sovereign pressures straining banks’ credit profiles amid the global ...
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