The Finance Ministry says the recent downgrading of the country’s credit ratings by Standard and Poor was not due to how the economy has been managed.
It said the ratings agency was not just peculiar to Ghana, as the Standard and Poor took turns to review other countries about how COVID-19 could impact on their economies.
The Ministry in the statement added that even compared to Ghana’s peers the country is in better position to recovery fully based on some measures taken to stabilize the economy
Ratings Agency Standard and Poor’s on September 11 lowed the country’s creditworthiness from B to B negative but with a stable outlook.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
I want to focus more on my education – Chidimma Adetshina quits pageantry
2 hours -
Priest replaced after Sabrina Carpenter shoots music video in his church
2 hours -
Duct-taped banana artwork sells for $6.2m in NYC
2 hours -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
2 hours -
Actors Jonathan Majors and Meagan Good are engaged
2 hours -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
2 hours -
Why I rejected Range Rover gift from a man – Tiwa Savage
2 hours -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
3 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
3 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
3 hours -
‘Everything a manager could wish for’ – Guardiola signs new deal
3 hours -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
4 hours -
Netflix debuts Grain Media’s explosive film
4 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
5 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
5 hours