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This recent development underscores a significant uptick in investor confidence regarding Ghana's economic recovery, strongly driven by the efforts of Finance Minister Dr. Cassiel Ato Forson. It's remarkable how resilient economies can be, and Ghana's journey serves as a poignant reminder of this resilience. Eurobond Restructuring and External Debt Talks Drive Upgrade Fitch’s optimistic assessment stems from Ghana's noteworthy strides in debt restructuring. A prime example is the successful negotiation of $13.1 billion in…

In an encouraging turn of events for the banking sector, Fitch Ratings has recently upgraded the rating of Fidelity Bank, highlighting the organization's remarkable resilience and effective strategies. This significant uplift was attributed to Fidelity Bank’s successful capital raise through a rights issue and public offering, along with an impressive improvement in its profitability, largely driven by increased interest income paired with a solid foundation of low-cost current and savings deposits. Dr. Nneka Onyeali-Ikpe,…

Moody's Credit Rating Agency made headlines yesterday by downgrading the United States' sovereign credit rating. This decision stemmed from apprehensions regarding the nation’s escalating $36 trillion debt. Such a move could pose challenges for President Donald Trump as he seeks to implement tax cuts, potentially sending shockwaves through global markets. Historically, Moody's awarded the United States its esteemed Triple-A rating back in 1919. Now, it stands as the final major credit agency to execute a downgrade. The…

The Recent Downgrade of the U.S. Credit Rating: What It Means for Citizens and Investors In a significant shift for the United States, Moody’s Investors Service recently downgraded the country’s credit rating from Aaa, its highest level, to Aa1. This change underscores a growing concern about fiscal stability amidst the complex political and economic landscape. But what does this truly mean for Americans, investors, and the economy at large? To provide some context, various countries maintain Aaa ratings from Moody's,…