The Finance Ministry says the recent downgrading of the country’s credit ratings by Standard and Poor’s was not due to how the economy has been managed.
It said the Agency was not just peculiar to Ghana, as S&P took turns to review other countries about how COVID-19 could impact their economies.
The Ministry in the statement added that even compared to Ghana’s peers, the country is in a better position to full recovery based on some measures taken to stabilize the economy.
Ratings Agency, Standard and Poor’s on September 11 lowed the country’s creditworthiness from B to B negative but with a stable outlook.
