• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Fitch’s Liquidity Challenges Projection for Ghana Inaccurate – Dr Assibey-Yeboah

8 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
151
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Fitch’s Liquidity Challenges Projection for Ghana Inaccurate – Dr Assibey-Yeboah

Former Chairman of the Parliamentary Finance Committee, Dr. Mark Assibey-Yeboah, has dismissed Fitch Ratings’ warnings of liquidity challenges for Ghana in 2025 and 2026 as inaccurate.

Speaking on Joy News’ PM Express on November 27, 2024, Dr. Assibey-Yeboah argued that Fitch’s analysis overlooks critical developments, such as the debt savings from Ghana’s external debt restructuring.

“We are actually going to get some savings from the external debt restructuring, which will provide us with some fiscal space, and so that account is not entirely accurate,” he said, referencing the estimated $8 billion in debt relief.

Fitch Ratings has stated that Ghana will face persistent liquidity challenges in 2025 and 2026, despite its progress in external debt restructuring.

The UK-based credit rating agency projects that the country’s interest-to-revenue ratio will remain exceptionally high, reaching 29% in 2025 and 30% in 2026—nearly double the emerging market average of 16%.

Thomas Garreau, Associate Director of EMEA Sovereign Ratings at Fitch, stressed the need for urgent fiscal reforms.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

“We do consider that Ghana will still face significant liquidity pressures,” he said, adding that despite Ghana’s strides in fiscal consolidation, such as a 4.6 percentage-point primary fiscal adjustment between 2022 and 2024, further drastic measures are needed.

Meanwhile, Fitch has projected Ghana’s exit from sovereign default by July 2025, contingent on completing external debt restructuring by June 2025.

While this signals a potential recovery, the agency cautioned that sustained fiscal discipline and comprehensive economic strategies will be essential to mitigate liquidity risks.

The divergence in views between Ghanaian officials and Fitch Ratings underscores the complexities of navigating the country’s economic recovery, as stakeholders debate the extent of fiscal progress and the measures needed to ensure long-term stability.

Tags: FitchFitch's Liquidity Challenges Projection for Ghana Inaccurate - Dr Assibey-Yeboahghanaliquidity challenges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.