Ghana Airlines: New national carrier to begin operations in 2023
Ghana Airlines, a new national carrier is expected to begin operating in the third quarter of 2023.
Ghana Airlines, a new national carrier is expected to begin operating in the third quarter of 2023.
Fitch Ratings has downgraded Ghana's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'C' from 'CC' as well as the issue ratings on outstanding foreign-currency debt. Fitch has also downgraded the issue rating on Ghana's partially-guaranteed USD1 billion notes maturing in 2030 to 'CC' from 'B-'.
Ghana Statistical Service reported its inflation rate rose to 40.4% for the month of October 2022 as the cost of goods and services continue to surge in the West African nation.
The Ghanaian cedi has lost 72% of its value against the US dollar since the start of the year.