Fitch's negative downgrade will have enormous repercussions
Image source: StarrFM

Fitch's negative downgrade will have enormous repercussions


Summary short_text

An Economist with the University of Ghana Business School Dr Lord Mensah says the downgrade of Ghana's economic outlook from stable to negative by International rating firm, Fitch, is not surprising.

According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and the delays by the government to roll out its fiscal consolidation efforts.

In an interview on the Morning Starr on Wednesday, the University of Ghana Lecturer said the repercussions of the downgrade are enormous and can greatly affect investor confidence.


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