Advertisement

My leadership caused Ghana's high ranking - Mahama

___5547052___https:______static.pulse.com.gh___webservice___escenic___binary___5547052___2016___9___29___14___John-Mahama-Address-UN
___5547052___https:______static.pulse.com.gh___webservice___escenic___binary___5547052___2016___9___29___14___John-Mahama-Address-UN
International credit rating agency Moody’s has defined Ghana’s economy as stable, affirming it three with a B1 rating.
Advertisement

President Mahama has indicated that International credit rating agency Moody’s rated Ghana’s economy as stable due to the good governance of the NDC-led administration.

Advertisement

He was speaking at the Kotoka International Airport when he returned to Accra from the United Nations and UNESCO.

READ ALSO: Ghana's economy

Advertisement

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.

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.

Advertisement
Latest Videos
Advertisement