POLITICS

Fitch downgrades Ghana to ‘CCC’ from ‘B- ‘

The rating company Fitch has lowered Ghana’s Issuer Default Rating (IDR) for Long-Term Foreign-Currency (LTFC) from “B-” to “CCC.” According to the statement, the downgrade reflects the state of Ghana’s public finances, which have made it difficult for the country to access the Eurobond markets for an extended period of …

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President Akufo-Addo appoints Kofi Agyepong as YEA CEO

Kofi Baah Agyepong, the Deputy Director of Communication at the Presidency, has been selected by President Akufo-Addo to serve as the Youth Employment Agency’s acting CEO (YEA). Mr. Justin Kodua Frimpong, who resigned to concentrate on his position as the General Secretary of the New Patriotic Party, is succeeded by …

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Mahama calls for national dialogue on Ghana’s economy

In order to address Ghana’s deteriorating budgetary position, which has caused the country’s economy to be downgraded by foreign rating agencies, former president John Dramani Mahama wants an immediate national conversation. He specifically criticized the Akufo-Addo administration for not doing enough to revive the faltering economy and provide relief for …

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S&P Ratings downgrades Ghana to CCC+/C with negative outlook

Standard and Poor’s (S&P) Global Ratings, a credit rating agency, has lowered Ghana’s foreign and domestic currency sovereign ratings from B-/B to CCC+/C with a negative outlook, further downgrading its debt into speculative territory. Ghana was downgraded by Moody’s in February to Caa1 with a stable outlook. The outlook for …

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Ghana Card will prevent minors from voting-EC

According to the Electoral Commission (EC), the only form of identification accepted for continuous voter registration is the Ghana Card, which aims to end the practice of minors casting ballots. Dr. Kwadwo Afari-Gyan, a former chairman of the EC, has issued a warning that the decision will disenfranchise millions of …

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