• 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

Moody’s Upgrades Ghana’s Credit Rating to Caa2 Following Debt Restructuring

11 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
303
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Moody’s Upgrades Ghana’s Credit Rating to Caa2 Following Debt Restructuring

Credit rating agency Moody’s has upgraded Ghana’s long-term local and foreign currency issuer ratings, reflecting the country’s progress in debt restructuring and fiscal consolidation efforts.

The local currency rating was upgraded to “Caa2” from “Caa3,” and the foreign currency rating moved to “Caa2” from “Ca.” The New York-based agency also revised the country’s outlook to “positive” from “stable.”

This upgrade comes after Ghana successfully completed an extensive external debt restructuring, alleviating significant financial pressures on the government.

Over 90% of bondholders approved a $13 billion debt overhaul, a major step in addressing the near $30 billion debt default experienced in 2022. Moody’s noted that this debt treatment has played a critical role in improving the country’s financial stability.

The rating agency emphasized that the “positive outlook reflects the potential for liquidity risk to ease,” supported by ongoing fiscal reforms under the International Monetary Fund’s (IMF) $3 billion Extended Credit Facility (ECF) program.

This development follows the recent agreement reached between the IMF staff and Ghana during the third review of the ECF program.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Moody’s periodic review of Ghana’s ratings, completed in July 2024, took into account the government’s continuing debt restructuring under the G20 common framework, initiated in December 2022.

The restructuring of local currency debt, excluding Treasury Bills, was finalized in 2023, while foreign currency debt restructuring progressed significantly after agreements in June 2024 on a Memorandum of Understanding and a bondholder deal in principle.

The upgrade marks a significant step forward for Ghana, signalling a potential recovery path from its fiscal challenges and debt distress.

Tags: Caa2debt restructuringMoody’s Upgrades Ghana’s Credit Rating to Caa2 Following Debt RestructuringMoody's

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

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 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.