General News of Sunday, 6 November 2022Source: www.ghanaweb.comThere is a 50% chance that Ghana could default on its debt repayment, rating agency, Fitch, has projected. The agency said that Ghana’s sovereign credit rating may yet face another downgrade closer to default. It will be recalled that in September 2022, Fitch downgraded Ghana’s Long-Term Local and Foreign-Currency Issuer Default Ratings (IDRs) to CC. According to Bloomberg, Ghana was considering restructuring part of its 190.3 billion ($13.6 billion) of local debt, as part of the talks with the International Monetary Fund. Watch the latest episode of People&Places on GhanaWeb TV below:Watch the latest episode of The Lowdown on GhanaWeb TV below:AE/DA

Source: GhanaWeb November 07, 2022 00:59 UTC