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

“Moody's did not upgrade Ghana's rating, the rating is still B-, it's only the outlook that's been.”

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“Let me give President John Mahama a free piece of advice - desist from saying Ghana's rating has been upgraded because it hasn't.”

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

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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.