Concerns over Ghana’s ability to repay its debt to external creditors is back again on the front burner following the downgrading of the country’s economy. The Standards and Poor’s latest ratings puts Ghana’s creditworthiness into junk status and Ghana’s worst rating since 2003.
The ratings also reviewed the country’s economic outlook as negative, reflecting Ghana’s limited commercial financing options, and constrained external and fiscal buffers.
The development, according Professor of Finance with the University of Ghana, Prof Laud Mensah could lead to Ghana defaulting in its debt repayment.
He spoke to WADR in an interview…
