It will take
The three rating agencies, Fitch,
According to him, the government needed to work on its current economic downgrade and other fiscal measures in order to get back into the market.
"Returning to the International Capital Market is going to take a bit of time. It will take about two to three years before we can be able to work on our ratings before that time. The recent downgrade is very unfortunate", he said at a press conference in
Mr Ofori-Atta, said the current downgrade of the country's rating by some international ratings agencies - Fitch,
Giving his opinion on the recent downgrade of
"The issue of Fitch's downgrade is unfortunate. In their email to us, they referred to the Bloomberg article that influenced their decision. It sort of further depresses the bonds on the international market and results in additional losses to investors."
"Once we got downgraded to triple C, we are also expecting that the economic programme that is being worked on which will be the basis for the
He blamed a recent Bloomberg story suggesting that
Fitch Ratings recently, downgraded
This is the second time in 2022 that the rating agency has downgraded
Copyright Ghanaian Times. Distributed by AllAfrica Global Media (allAfrica.com)., source