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Moodys did not upgrade Ghana's economy - Bawumia

Dr Bawumia further advised President Mahama to rather stop acknowledging that Moodys upgraded Ghana’s economy and rather face the reality.

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He was speaking at the 2016 manifesto launch at the Trade Fair Center, La, in the Greater Accra Region.

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International credit rating agency Moody’s has defined Ghana’s economy as stable, affirming it three with a B1 rating.

Since 2015, Moody’s has rated the Ghanaian economy at B3/ negative.

The latest decision to rate the economy stable, Moody’s said in a statement, was informed by three key drivers.

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The first is the country’s debt reduction and reforms. The second is a reduction in government liquidity risk and the third is improved the balance of payment dynamics and development in the country’s oil and gas sector.

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