Fitch Ratings, a UK-based leading provider of credit ratings, commentary and research has revised the Outlook on Ghana’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at ‘B’ last Friday.
GHANA’S economy, which grew by 6.7% of Gross Domestic Product (GDP) in the first quarter of the year, is facing debt sustainability challenges, as the Mahama-led government keeps on contracting more loans to undertake development projects in the country.
