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26th September 2022 6:49:17 PM
1 min readBy: Chris Kodo
Dr. Williams Peprah, a financial expert, claimed that despite Ghana's recent downgrading, the government is still in a strong position to be able to service its debts.
He claims that the nation has previously proven its capacity to make sure it does not fall behind on debt repayments.
He said this after Fitch, a global rating agency, reduced the nation's creditworthiness rating from CCC to CC, increasing the likelihood that it will default on its debt.
Dr. Williams Peprah, a financial expert, claimed that despite Ghana's recent downgrading, the government is still in a strong position to be able to service its debts.
He claims that the nation has previously proven its capacity to make sure it does not fall behind on debt repayments.
He said this after Fitch, a global rating agency, reduced the nation's creditworthiness rating from CCC to CC, increasing the likelihood that it will default on its debt.
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