Fitch also anticipate same for Zambia due to gradual fiscal consolidation in these nations, attributing it to financing constraints and ongoing fiscal reform efforts, often linked to International Monetary Fund …
Fitch on Ghana economy
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Economy and FinanceLifestyleNewsTechnology
Ghana to end 2023 with 99% debt-GDP-ratio– Fitch
by Adnan Adamsby Adnan AdamsGhana faces stive debt accumulation matrix. But Fitch is projecting that the public debt could decline by 4 percent of GDP at the end of 2024 to 95% of GDP …
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Economy and FinanceLifestyleNews
Ghana’s healthcare budget to balloon by $1.3 billion more in 2024
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Government of Ghana’s financing of healthcare from consolidated revenues contributed 67.5 percent to the Ministry of Health budget in 2022, according to the ministry’s …
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Economy and FinanceNewsPoliticsTechnology
3.2% GDP recorded in 2nd quarter does not mean the economy has recovered – Economist
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed A finance expert has shot-down arguments by government actors that the second quarter Gross Domestic Product (GDP) of 3.2 percent as recorded shows that …
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Economy and FinanceNewsTechnology
Fitch promises Ghana positive rating… if bond restructuring is successful
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Fitch Solutions has prompted to assign positive ratings to parameters of Ghana’s economy if the debt-riddened West African nation is able to restructure …
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Agric and EnvironmentEconomy and FinanceNewsTechnology
Fitch describes Ghanaian market as weak
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed In the midst of growing uncertainty, Fitch Solutions has described investors’ sentiment towards the Ghanaian market as weak. The international rating agency noted that foreign …
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Agric and EnvironmentEconomy and FinanceNewsPoliticsTechnology
Fitch, IEA discount gov’t use of COVID-19 and Russia/Ukraine war as excuse for economy woes
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Ghana’s economic collapse cannot solely be blamed on COVID-19 pandemic and the Russian/Ukraine war, Fitch Solutions has discounted government’s overused excuse. It explains that, even …
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Agric and EnvironmentEconomy and FinanceNewsPolitics
Fitch, IEA discount gov’t use of COVID-19 and Russia/Ukraine war as excuse for economy woes
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Ghana’s economic collapse cannot solely be blamed on COVID-19 pandemic and the Russian/Ukraine war, Fitch Solutions has discounted government’s overused excuse. It explains that, even …
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Economy and FinanceNewsPolitics
Fitch describes Ghana’s 2023 budget ‘the most expansionary’ budgets in history
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Government of Ghana’s 2023 budget, which expects to expend GH¢205.4 billion, has been described as ‘the most expansionary’ budgets in Ghana’s history, by Fitch Solutions. …
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Economy and FinanceNewsTechnology
Fitch downplays government’s hope on DDEP expected to anchor external debt restructuring
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Government of Ghana has expressed optimism to secure a successful implementation of an external debt restructuring after successfully completing a Domestic Debt Exchange Programme (DDEP). …