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Tag Archives: Ghana

Ghana To Engage China For Possible Debt Cancellation

  The Finance Minister, Ken Ofori Atta, has disclosed that talks are underway with China over Ghana’s debt following a successful domestic debt exchange programme.   Mr Ofori-Atta said negotiations with China are important because they hold the majority of the external bonds.       ELECTION 2024- PRE-POLL NOTE: …

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Fitch Downgrades Ghana’s Creditworthiness To ‘Restricted Default’ From ‘C’

International rating agency, Fitch, has further downgraded Ghana’s Long-Term creditworthiness to Restricted Default (RD) from ‘C’. The issue ratings on local-currency bonds issued domestically have also been downgraded to Default (D) from ‘C’. In a statement, Fitch also affirmed Ghana’s Long-Term Foreign Currency (FC) IDR at ‘C’. Fitch typically does …

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