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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...
Tag: Rating Agencies
South Africa’s Credit Rating Has Been Cut To Junk Status
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...
S&P Cuts South Africa’s Credit Rating To ‘junk’
Credit rating agency Standard and Poor's downgraded South Africa's rating to junk status on Monday, as the country's currency continued to slide following a controversial cabinet shuffle. "The...
Ivory Coast Plays Blame Game For Cocoa Crisis In Top Producer
Ivory Coast’s cocoa regulator pointed to speculators and prospects for a glut as the reason for a slump in futures that forced the nation to cut the price it pays farmers. There was something it...
Rand Falls Further As Concern Mounts
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,...
South Africa Rand Sinks Further Amid Concern About Credit Downgrade
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,...
Fitch Backs Government’s Growth Target
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...
Ghana’s Deficit Highlights Downside Fiscal Risks – Fitch
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...
Ghana’s Economy Faces Further Downgrade As Debt Hit GHS122billion
An economist, Courage Kinsley Martey, is warning Ghana’s economy is likely to be downgraded further by international rating agencies. His prediction is premised on the country’s rising debt....
Ghana’s Economy Faces Further Downgrade As Debt Hit GHC122billion
An economist, Courage Kinsley Martey, is warning Ghana’s economy is likely to be downgraded further by international rating agencies. His prediction is premised on the country’s rising debt....
China’s Huge Debt Poses Big Headache For Central Bank
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....
Ghana’s Inflation To Decline
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...
Oil To End Year At US$57
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...
In Ghana, Post-Election Fiscal Crunch Is Politics As Normal
Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as...
U.S. Small Business Borrowing Rose Slightly In December
Small U. S. firms borrowed slightly more in December than in the prior month, data released on Wednesday showed, but more were repaying existing loans late, suggesting that default rates may rise...
Ghana Risks Downgrade By Rating Agencies
Ghana might record a possible downgrade by credit rating agencies during their periodic assessments of economies in Africa. The recent publications by Standard & Poor rated Ghana B- with a stable...
Fitch Downgrades Nigeria’s Long-Term Rating
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...
MTN 4stye Music Video Awards 2016
4syteTV celebrated unique Ghanaian talents at the 2016 MTN 4syte Music Video Awards. The event which was held at the Accra International Conference Centre was hosted by Ghanaian Comedian DKB and ace...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic currency shortage, various African countries saw the value of their currencies...
Investors Wipe $6.6 Billion Off Toshiba’s Market Value
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...