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.

(AFRICAN MARKETS) - As most African countries, Ghana has to face a major issue which is to control its rising inflation rate risk associated to a weak currency. In the short term, this requires above all, finding solutions to limit the impact of capital outflows resulting from the FED’s Quantitative Easing (QE) tapering.

Moody's Investors Service has today changed the outlook on Ghana's B1 government bond rating to negative from stable. Concurrently, Moody's has affirmed the government's B1 issuer and bond ratings.