Business News of Monday, 27 January 2020Source: classfmonline.comMoody's' rating testimony to prudent economic management — Finance MinistryKen Ofori-Atta, Finance MinisterThe Ministry of Finance says the affirmation of Ghana’s long-term issuer and senior unsecured bond ratings at B3 and the change in the outlook from stable to positive by Moody’s is a testimony of the prudent management of the economy and its attendant positive outcomes. International rating agency, Moody’s over the weekend as affirmed the government of Ghana's long-term issuer and senior unsecured bond ratings at B3 and changed the outlook to positive from stable. It also concurrently affirmed the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1. Prior to this, Moody’s rating analyst team visited Ghana from 14th to 15th January 2020 for the annual country visit. During their visit, the team undertook and independently evaluated the data on the performance of the economy in consultation with the Ministry of Finance, Bank of Ghana, IMF, World Bank, Development Partners and the private sector on major developments in the country.

Source: GhanaWeb January 27, 2020 16:41 UTC