Credit Ratings Agency – Fitch – has said Ghana’s disclosure of $1.6billion unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risks to the country’s public finances. It explained that public finances are an important ratings weakness, saying the new government is committed to fiscal adjustment under Ghana’s IMF … Read more
The Vice Chancellor of the University of Ghana (UG), Professor Ebenezer Owusu Oduro, has stated that Ghana’s economy is in reverse mode. He said the country has failed in its approach towards development. Speaking to journalists at the launch of the 2nd Biennial Scientific Conference in Accra, Professor Oduro warned of a gloomy future for … Read more
Ghana’s economy faces a recession if steps are not taken to diversify its productive sectors, the Head of the Economics Department at the University Of Ghana, Professor Peter Quartey has warned. His caution came on the back of the latest report of the Institute of Statistical, Social and Economic Research (ISSER) which indicated that the … Read more
Finance Minister Seth Terkper is optimistic recent revision of Ghana’s Long Term Bond Ratings from negative to stable by international Credit Ratings Agency, Moody’s will influence Ghana’s economic outlook. Moody’s, in its recent economic report of Ghana defined the economic outlook as positive, affirming the rating at B31. The report cited significant fiscal deficit reduction … Read more