On Oct. 23, 2015, Standard & Poor's Ratings Services affirmed its 'B-/B' long-and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable.
Ghana will seek to issue a fresh Eurobond of up to $500 million by year end if market conditions are right, Finance Minister Seth Terkper told a news conference on Friday.
The International Monetary Fund (IMF) has described as unfortunate the 10.75 percent yields government accepted on the $1 billion Eurobond issued recently.
Fitch Ratings-London-18 September 2015: Fitch Ratings has affirmed Ghana's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with Negative Outlooks. Fitch has also affirmed Ghana's Short-term foreign currency IDR at 'B' and Country Ceiling at 'B'. The issue ratings on Ghana's senior unsecured foreign and local currency bonds have been affirmed at 'B'.
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