S&P affirms Ghana at 'B-/B', stable outlook

On Oct. 21, 2016, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable.
On Oct. 21, 2016, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable.
Government has raised a total of 96.4 million dollars in its first local dollar denominated bond at a rate of 6.0 percent.
Ghana has started exporting fuel and gas oil to the landlocked countries of West Africa, including Nigeria.
On September 28, 2016 the Executive Board of the International Monetary Fund (IMF) completed the third review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of the review enables the disbursement of SDR 83.025 million (about US$116.2 million), bringing total disbursements under the arrangement to SDR 332.1 million (about US$464.6 million).