{"id":231077,"date":"2024-10-13T06:36:44","date_gmt":"2024-10-13T06:36:44","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/13\/moodys-upgrades-ghanas-credit-rating-outlook-raised-to-positive\/"},"modified":"2024-10-13T06:36:44","modified_gmt":"2024-10-13T06:36:44","slug":"moodys-upgrades-ghanas-credit-rating-outlook-raised-to-positive","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/13\/moodys-upgrades-ghanas-credit-rating-outlook-raised-to-positive\/","title":{"rendered":"Moody’s upgrades Ghana’s credit rating, Outlook raised to ‘Positive’"},"content":{"rendered":"

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Global credit ratings agency Moody\u2019s on Friday upgraded Ghana\u2019s long-term local and foreign currency issuer ratings to \u201cCaa2\u201d from \u201cCaa3\u201d and \u201cCa,\u201d respectively, citing extensive debt treatment that has significantly alleviated the government\u2019s financial burdens.<\/p>\n

The agency also revised the West African country\u2019s outlook to \u201cpositive\u201d from \u201cstable.\u201d<\/p>\n

The \u201cpositive outlook reflects the potential for liquidity risk to ease amid ongoing fiscal consolidation efforts supported by an IMF programme,\u201d Moody\u2019s said in a statement.<\/p>\n

The country\u2019s statistics agency said in September that Ghana\u2019s economy grew by 6.9% in the second quarter of 2024, the fastest in five years.<\/p>\n

Moody\u2019s also said it expects the country\u2019s debt to keep decreasing, though at a slow pace as the government resumes paying interest and principal on all its debts.<\/p>\n\n

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Global credit ratings agency Moody\u2019s on Friday upgraded Ghana\u2019s long-term local and foreign currency issuer ratings to \u201cCaa2\u201d from \u201cCaa3\u201d and \u201cCa,\u201d respectively, citing extensive debt treatment that has significantly alleviated the government\u2019s financial burdens. The agency also revised the West African country\u2019s outlook to \u201cpositive\u201d from \u201cstable.\u201d The \u201cpositive outlook reflects the potential for […]<\/p>\n","protected":false},"author":1,"featured_media":231078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-231077","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nMoody's upgrades Ghana's credit rating, Outlook raised to 'Positive' - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/13\/moodys-upgrades-ghanas-credit-rating-outlook-raised-to-positive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody's upgrades Ghana's credit rating, Outlook raised to 'Positive' - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Global credit ratings agency Moody\u2019s on Friday upgraded Ghana\u2019s long-term local and foreign currency issuer ratings to \u201cCaa2\u201d from \u201cCaa3\u201d and \u201cCa,\u201d respectively, citing extensive debt treatment that has significantly alleviated the government\u2019s financial burdens. 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