Fitch Ratings-London-18 September 2015: Fitch Ratings has affirmed Ghana's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with Negative Outlooks. Fitch has also affirmed Ghana's Short-term foreign currency IDR at 'B' and Country Ceiling at 'B'. The issue ratings on Ghana's senior unsecured foreign and local currency bonds have been affirmed at 'B'.
On April 24, 2015, Standard & Poor's Ratings Services affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable. The transfer and convertibility (T&C) assessment remains unchanged at 'B'.
Moody's Investors Service has today downgraded Ghana's issuer and senior unsecured rating by one notch to B3 from B2. The outlook on the rating is negative.
The Bank of Ghana (BoG) says it is set to implement a new capital requirement of GH¢1 million for microfinance companies from the second quarter of this year.
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