Breaking
business newsAs the deadline for indigenous banks to raise their capital deposit with the Ban.. 23
politics newsMs Mavis Ama Frempong, Chairperson of the Eastern Regional National Democratic C.. 30
sports newsSouthampton centre-back Virgil van Dijk will join Liverpool when the transfer wi.. 59
sports newsManchester City moved 15 points clear at the top of the Premier League as Raheem.. 75
sports newsGhana’s number one golfer, Vincent Torgah, has closed the year 2017, as th.. 71
sports newsSudanese top-flight side Al Merreikh Omdurman have completed the signing of Ghan.. 73
Weather Ghana, °C
  • Blogs
  • Photo Gallery
  • Ghana Elections
  • Contact us
  • Login
392 954 118 1.9k
Show Menu
  • Home
  • News
    • Financial
    • Business
    • Social
    • Extra
    • Politics
    • Health
    • Education
    • Opinion
    • Religion
    • Technology
  • Sports
  • Entertainment
    • Music
    • Movie
    • Gossip
  • Institutions
  • Blogs
  • Classifieds
    • Events
    • Auto
    • Real Estate
    • Announcement
  • Lifestyle
    • Gadgets
    • Recipes
  • Ghana
    • eDocuments
  • Jobs
  • Contact us

Ghana gov’t urged to increase credit ratings

18 Oct 2011 188 news, business


A financial analyst and CEO of SEM Capital, Dr. Sam Mensah, has said that Ghana needs to raise its credit ratings as an alternative to facilitate any form of borrowing especially on the capital market. He made the assertion during a roundtable discussion organized by the Danquah Institute and partnered by the World Bank and Citi FM on the three billion Chinese loan facility, which has been contracted by the Ghana government for various development projects. Mr. Mensah said: “The challenge of being an oil economy is that you should be able to translate that into a higher rating. "Our rating is less than investing grade. You have to be able to use your oil economy to get a better rating. ” He explained that “the better rating is being able to borrow money at lower interest rates and you can borrow more. ” Ghana’s Parliament approved the loan facility between government and the China Development Bank (CDB) to finance agreed infrastructure development project under the Ghana Shared Growth and Development Agenda (GSGDA). Ghana is currently rated B+ by Filch while Standard and Poors rates the country B. Meanwhile, the World Bank which had cautioned Ghana to ensure that the loan facility is used for the projects it is intended for, said it is prudent for the country in future to concentrate more on the viable use of the loans rather than otherwise.




Source: citifmonline.com



Prev article
Next article

0 Comments

view all comments

Related

business news

Fear Grips Local Bank Owners 23

business news

470MW Karadeniz Powership Osman Khan arrives in Ghana 99

business news

2016 Ghana Club 100 launched 85

business news

Otumfuo opens Kumasi City Mall on Thursday 87

business news

New GH¢5 Denomination To Be In Circulation From March 4 100

Gadget Reviews

Bevy photo-sharing device 181

Gadget Votes: 1 |5 out of 5
1/7/2016

Samsung's Family Hub Fridge 217

Gadget Votes: 1 |5 out of 5
1/7/2016

oombrella 201

Gadget Votes: 1 |3 out of 5
1/29/2016
View more articles

Tag Cloud

social politics business opinion sports education health technology religion extra science Classifieds Jobs

Photo Gallery

Send Email

Write a Comment


Resident Manager

All Ghana Data, P. O. Box Ah 9182, Ahinsan, Ashanti, Ghana
+233 27 872 7027
i-desk@allghanadata.com

Popular Articles

Idris Elba almost died in Ghana380

27 Nov 2015

Lucky Dube’s Daughter To Rock Ghana1625

16 Nov 2011
View more articles

Popular Categories

  • news
  • institutions
  • entertainment
  • blogs
  • recipes
  • classifieds

Random Selfies Feed

View Gallery
  • Home
  • Privacy
  • Classifieds
  • Lifestyle
  • Jobs
  • Sitemap
  • Contact us

©Copyright 2002-2019 All Ghana Data All Rights Reserved | Powered by SASCMS