Tag Archives: credit

President and Founder of IMANI Africa, Franklin Cudjoe, has taken a swipe at President Nana Addo Dankwa Akufo-Addo for his description of international credit ratings agencies as ‘reckless’. President Nana Addo Dankwa Akufo-Addo criticised the ratings agencies for their “reckless” downgrades of African economies during the COVID-19 pandemic and the Russia-Ukraine conflict. He noted that these downgrades …

Ghana has been downgraded deeper into junk territory by Moody’s Investors Service on the likelihood that private creditors will incur steep losses during the government’s planned debt restructuring. The country’s credit rating was slashed by two levels to Ca, the second-lowest score at Moody’s, according to a Tuesday statement. That …

President Nana Addo Dankwa Akufo-Addo in his state of the nation address on the economy assured Ghanaians that just as his government was able to win the fight against the deadly Coronavirus, he will once again bring the economy to life under the current crisis. On Sunday, October 30, the president referenced how …

International rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. In a report sighted by GhanaWeb, it noted that the downgrade reflects the deterioration of Ghana’s public finances which has contributed to a prolonged lack of access to Eurobond markets. This, Fitch said …

American credit rating agency, Standard and Poor’s (S&P) Global Ratings on Friday, August 5, pushed Ghana’s debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B. According to a report by marketwatch.com, S&P said its outlook for the country remains negative, “reflecting Ghana’s …

The Africa Union’s (AU) quest to establish an African Credit Rating Agency for the continent through the African Peer Review Mechanism (APRM) is likely to be instituted this year, CEO of the organisation Professor Eddy Maloka has said. Prof. Maloka was addressing participants at a sensitisation meeting on APRM support …

Zidane is the only manager in history to win three successive European Cup/Champions League titles “You don’t win three Champions Leagues, two La Liga titles and 13 out of 14 European knockout ties if you are not a good manager, this is crazy.” When French football journalist Julien Laurens frames …

  The National Association of Ghana Cocoa Marketing Clerks has charged purchasing clerks to suspend the purchase of cocoa on credit from farmers until companies owing them are able to settle their indebtedness to them. That, it said, is to prevent the situation whereby clerks would purchase the produce on …