Fitch Downgrades Ghana to 'B-'; Outlook Negative
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Fitch Ratings has downgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'B'. The Outlook is Negative.
Fitch Ratings has downgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'B'. The Outlook is Negative.
Ghana's central bank raised its monetary policy rate for the first times in six years, saying the rise in inflation and significant risks to the outlook required "prompt" action to prevent inflation expectations from becoming detached from the bank's target.
Melcom Group of Companies, the diverse business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the International Franchise Rights for Pizza Hut in Ghana.
The government of Ghana in its 2021 budget indicated that it plans to raise up to $5 billion in the international capital markets this year. During the first quarter, the government successfully raised $3 billion in Eurobonds including its first zero coupon bond as part of the issuance.