Tag Archives: ECONOMY

International credit rating agency, Moody has reaffirmed Ghana’s credit rating at B3 with an upgraded outlook to positive from stable. This credit rating position is the best Ghana has received from Moody’s in the last decade. A statement issued by Moody on Friday, 24th January 2020 stated that “Moody’s investors …

President Nana Addo Dankwa Akufo-Addo, says his government has succeeded in turning around the fundamentals of Ghana’s economy, which he inherited from the Mahama administration, ensuring that, currently, all the fundamentals are pointing in the right direction. According to President Akufo-Addo, “we inherited a situation with a large fiscal deficit, …

Former Minister of Power, Dr Kwabena Donkor, has said Ghana is sick in so many ways. Preaching at the Pentecost International Worship Centre, Kokomlemle in Accra on Saturday, 20 April 2019, the opposition lawmaker relied on 2 Chronicles 7:14 to ask for healing for the nation. That bible verse says: …

Nigeria’s debt office said on Thursday it expects the government to approve total borrowing of 1.649 trillion naira ($5.39 billion) in 2019. Half the debt, 824 billion naira, will be foreign borrowing, Patience Oniha, the director general of Nigeria’s Debt Management Office, told reporters in the capital Abuja. Nigeria, Africa’s …

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