Tag: Fitch Solutions
Business
Ghana’s borrowing capacity ranked poorly by Fitch
Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’.It has also downgraded to ‘CC’ from ‘CCC’ and...
Business
BoG will maintain its policy rate at 30.5% in 2024- Fitch Solutions
Rating firm, Fitch Solutions, has predicted that the central bank will keep the policy rate on hold at 30.50% next year.The latest forecast by...
Business
Banks to lend more to mining sector, less to construction – Fitch Solutions
The fall in banks’ capital levels would make the sector do more targeted lending, Fitch Solutions has projected.“Local banks will be more inclined to...
Business
Fitch Solutions predicts instability of banks in 2023 over DDEP
According to Fitch Solutions, the restructuring of domestic debt would have a significant impact on banks in 2023.The Domestic Debt Exchange Programme (DDEP), according...
Business
Fitch issues a warning about further rating downgrades
A number of factors could lead to another downgrade of the nation's credit ratings, according to credit evaluator Fitch Ratings, including failing to honor...
Business
Ghana’s oil production outlook hangs in the balance
FITCH Solutions expect Ghana’s total liquids production to see moderate growth in the near term, with crude, NGL and other liquids production increasing from...
Business
Fitch Solutions revises Ghana’s growth rate to 2.9% in 2023
UK based research and market institution, Fitch Solutions, has revised its growth rate forecast for Ghana in 2023.It is projecting a modest 2.9% Gross...
Business
Cedi will continue depreciation into first quarter of 2023 – Report
Fitch Solutions has projected that Ghana’s cedi will continue to depreciate until the first quarter of 2023.According to the international research firm, inferring from...
Business
Cedi will continue depreciation into first quarter of 2023 – Report
According to a forecast by Fitch Solutions, the cedi would keep falling until the first quarter of 2023.The Ghana cedi is likely to continue...
Business
IMF conditions: BoG to continue policy rate hiking cycle – Fitch Solutions predicts
According to the research division of rating agency Fitch Solutions, the Bank of Ghana would keep raising the monetary policy rate.Fitch Solutions stated that...