Politics of Wednesday, 29 January 2020Source: kasapafmonline.comGovernment paid for Moody’s recent B3 rating of Ghana – AdongoMember of Parliament for Bolgatanga Central, Isaac AdongoMember of Parliament for Bolgatanga Central, Isaac Adongo claims Moody’s recent affirmation of the Government of Ghana’s long-term issuer and senior unsecured bond ratings at B3 and changed the outlook to positive from stable was a procured service. Moody’s has concurrently affirmed the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1. Investor Service of Moody’s is a paid activity procured by the person who is interested in the service." "That is different from Moody’s just like Fitch, Standard and Poor’s doing their normal rating of a country. The government of Ghana will not go and give Moody’s money for a negative report.”

Source: GhanaWeb January 29, 2020 15:45 UTC