Tag Archives: default

The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen because the government of …

There is a 50% chance that Ghana could default on its debt repayment, rating agency, Fitch, has projected. The agency said that Ghana’s sovereign credit rating may yet face another downgrade closer to default. According to a report by myjoyonline.com, Fitch said that this could become an even more definite …