South Africa's sacked finance minister on Sunday warned in a speech disrupted by ANC members that the ruling party risks losing the next general election in 2019 unless it unites. Pravin Gordhan was...
South Africa's ruling party on Sunday said the government will have to re-think its costly and highly contentious nuclear expansion programme following last week's relegation of the country's...
South Africa's President Jacob Zuma on Saturday hit out at critics within his own camp telling them not to use events such as funerals or memorial services to attack each other. Speaking himself,...
Ratings agency Fitch said Friday it had cut South Africa's credit rating to junk status, citing the recent political instability prompted by a controversial cabinet reshuffle. The agency downgraded...
Worries over the health of South Africa's economy continued on Monday, as comments by the new finance minister failed to stem a fall in the rand. The value of currency fell 1.5% to a two-month low,...
Worries over the health of South Africa's economy continued on Monday, as comments by the new finance minister failed to stem a fall in the rand. The value of currency fell 1.5% to a two-month low,...
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch because of worsening public finances as the oil price wobbles. Dropping its...
Ghana's economy is expected to grow by 6.3 per cent in 2017, compared to 3.8 per cent growth rate realised in 2016, ratings agency Fitch’s subsidiary BMI has affirmed. According to BMI, “while...
Credit Ratings Agency – Fitch – has said Ghana's disclosure of $1.6billion unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risks to...
Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit....
Inflation will continue to fall in Ghana in 2017, following several years of extraordinarily high price growth, Fitch has predicted. According to the ratings agency, “having peaked at 19.2 percent...
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at...
Ratings agency Fitch has downgraded the outlook on Nigeria’s long-term debt to B+ following concerns on the west African nation’s economic outlook. Nigeria is experiencing its worst economic...
The main opposition New Patriotic Party (NPP) is painting Ghana as a country in crisis so as to win the 7 December polls, President John Mahama has said. "If somebody says the country is going back,...
The plans and policies outlined by the main opposition New Patriotic Party (NPP) in its 2016 manifesto will destroy Ghana if the party is voted into power in the 7 December 2016 elections, President...
The recent affirmation of the Government of Ghana's issuer and senior unsecured rating at B3 and change in the country's economic outlook to stable from negative by international rating agency,...
President John Mahama is not feeling the suffering of most Ghanaians because he is cocooned in the trappings of being in power, flag bearer of the main opposition New Patriotic Party (NPP), Nana...
The running mate for the New Patriotic Party, Dr Mahamudu Bawumia has said Moody's recent review of the economic outlook of Ghana should not be misconstrued as an upgrade. Rather, he said the...
The lenses of Nana Akufo-Addo, flag bearer of the main opposition New Patriotic Party (NPP), see economic crisis where none exists, President John Mahama. In an address at the University of Energy...
Finance Minister Seth Terkper says the favorable assessment of Ghana's creditworthiness by some rating agencies shows that government is on track in stabilizing the economy. Rating Agencies, Moody's...
