World Economy

Ghana Outlook Positive

Ghana Outlook PositiveGhana Outlook Positive

Ghana’s economic outlook has been revised from stable to positive by rating agency Standard & Poor’s. The country’s ‘B-’ long-term and ‘B’ short-term foreign and local currency sovereign ratings have also been affirmed by the rating agency, AllAfrica reported. S&P said the revision was informed by measures being undertaken by the government of Ghana to strengthen the economy of the West African country. “We expect Ghana’s new administration to implement numerous measures that would help strengthen public finances from their current very weak level,” S&P said. Furthermore, increased oil production which is helping the government to implement corrective fiscal economic measures influenced the revision.


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