WebAug 10, 2024 · The Fitch downgrade follows S&P’s decision last week to cut Ghana’s rating by one notch to CCC+. Moody’s Investors Service also lowered Ghana’s longterm debt one step deeper into junk ... WebSep 23, 2024 · Fitch (Hong Kong) Limited. 19/F Man Yee Building 60-68 Des Voeux Road Central Hong Kong. Toby Iles. Senior Director. Secondary Rating Analyst. +852 2263 …
Ghana’s economy expected to become fastest growing in Sub …
WebMar 22, 2024 · Fitch Changes Ghana's Outlook to Positive on G8 Debt Initiative. 03 Insights. Non-Rating Action Commentary / Wed 29 Mar, 2024. Sovereign Defaults Are at … WebJan 19, 2024 · International ratings agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to B negative from B with a negative outlook. According to the agency, the move was over concerns that the economy faced increased risks in servicing its debts in the medium to long term. A report by the agency further … they are right
Fitch Follows S&P by Cutting Ghana Debt Rating Further Into Junk
WebAug 31, 2024 · At Fitch Solutions, we expect that the Bank of Ghana (BoG) will continue its hiking cycle, raising the monetary policy rate to 24.00% by year-end, after having hiked by 300 basis points (bps) to 22.00% at its emergency meeting in August. Inflation will remain elevated - driven by the rapid depreciation of the cedi - and will only peak in Q422 ... WebFeb 7, 2024 · Ghana’s second downgrade in three weeks, after Fitch Ratings adjusted Ghana from B to B- last month, citing concerns for its ability to issue bonds in 2024, sent its dollar bonds tumbling. WebJan 18, 2024 · On Jan 18, 2024. The ratings agency, Fitch has downgraded Ghana to B Negative with Negative Outlook . The agency announced it has downgraded Ghana’s … they are round bacteria growing in chains