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.
He was speaking at the Kotoka International Airport when he returned to Accra from the United Nations and UNESCO.
“Our country is respected in the international community and everybody recognises that. Ghana is rising, Ghana is doing well. In my absence we were pleased to hear that Moody’s credit rating agency has upgraded Ghana, it shows that we are doing something right and we are pleased about the way things are happening.”
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“Let us continue to work together as one nation, let’s believe in ourselves and I believe that, more than the sky is the limit,” he added.
International credit rating agency Moody’s has defined Ghana’s economy as stable, affirming it three with a B1 rating.
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.
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