Tag: Economic Crisis
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Banks urged to leverage economic crisis
The current global economic crisis presents banks the opportunity to innovate, accelerate and deepen their much needed transformation, Finance and Strategy Consultant, Professor Noel Tagoe, has said. He said while crisis destroyed bad companies, good companies survived them, and great companies were improved by them. At the 26th annual banking conference organised by the Chartered…
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Moody’s downgrades Ghana’s rating from Caa1 to Caa2
Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings from Caa1 to Caa2 and placed the ratings on review for downgrade. Moody’s, in February this year, downgraded Ghana from B3 to Caa1. The agency contends that the further downgrade stems from the government’s decision to seek support from the International Monetary…
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African countries that could follow Sri Lanka into economic chaos
The economic crisis in Sri Lanka is not limited to the South Asian nation. From Europe to Asia to Africa, many emerging economies are slipping into chaos, and here’s what experts predict will happen next. Sri Lanka’s worst economic crisis since it gained independence threatens to spread across the developing nations, triggering what experts have…
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The crisis of debt and Oil price shocks: The looming storms in Ghana
According to the World Bank, Ghana’s economy faces the risk of collapsing by 2022 due to a looming debt crisis. We draw on history and current situations in some developing economies to shed light on this predicament, suggesting solutions that we believe can prevent us from being in recovery mode. The 1980s is wildly celebrated…