Credit ratings agency Moody's on Tuesday said it had downgraded a slew of top South African banks, insurers and local authorities prompted by fears over the country's worsening financial position. It...
Credit ratings agency Moody's on Friday said it had downgraded South Africa a notch over gloomy growth prospects and the political instability unleashed by corruption scandals engulfing President...
China's yuan jumped to a near seven-month high Thursday, fuelling speculation that the government was pulling strings to prop up the beleaguered currency in response to last week's credit rating...
China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency...
South Africa's credit rating has been cut to junk status by the ratings agency S&P Global. The agency said that political upheaval, including the recent sacking of finance minister Pravin Gordhan,...
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,...
High asset risks pose the biggest challenges for banks in Ghana, says Moody's Investors Service in a report published today. "We expect asset risk for banks in Ghana to remain high over the coming...
The global rating agency Moody’s Investors Service (Moody’s) has announced an upgrade of the issuer rating of the African Export-Import Bank (Afreximbank) from Baa2 to Baa1, with the outlook as...
Toshiba's dreams of becoming a nuclear energy leader have turned into a nightmare. Rattled investors have wiped $6.6 billion off the company's market value after it warned of huge losses tied to its...
The government last week trapped additional foreign exchange into its vault when it issued a United States dollar-denominated bond on the local market to raise a total of $94.64 million at a coupon...
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 International Monetary Fund (IMF) has stated that Ghana is making progress in its economic management but cautioned that the country will have to ride on a bumpy path to economic recovery. The...
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,...
Dr Mahamudu Bauwima, vice-presidential nominee of the New Patriotic Party (NPP), is a walking contradiction who should not be taken seriously in Ghana, Mr Koku Anyidoho, a Deputy General Secretary of...
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...
New Patriotic Party (NPP) Vice-Presidential candidate Dr Mahamudu Bawumia says President John Mahama's display of economic understanding is getting embarrassing. He says Mahama has misinterpreted...
The International Monetary Fund (IMF) has stated that Ghana was making progress in its economic management but cautioned that the country will have to ride on a bumpy path to economic recovery....
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...
