Tag: Fitch Solutions
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Fitch Solutions predicts Ghana’s medical devices market to post double-digit growth
Fitch Solutions anticipates a notable increase in Ghana’s healthcare budget, with projections indicating a rise to $16.5 billion in 2024, up from the recorded figure of $15.2 billion in 2023. This anticipated expansion in funding underscores Ghana’s commitment to strengthening its healthcare infrastructure there’s more in the following. According to a recent report from Fitch…
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Ghana’s economic woes not solely due to Covid-19, Russian/Ukraine war – Fitch Solutions
The idea that Ghana’s economic troubles are primarily a result of the Covid-19 pandemic and the Russian/Ukraine conflict has been dismissed by Fitch Solutions. The research and market information company argues that Ghana’s debt had already reached concerning levels prior to these external shocks. During a recent Sub Saharan Africa Macroeconomic Update, Senior Country Risk…
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Trade surplus to widen to 4.4% of GDP in 2022 – Fitch predicts
Despite the current poor economic situation and predictions of a worse situation due to further depreciation of the cedi and high inflation rate, Fitch Solutions believes elevated global commodity prices will cause Ghana’s trade surplus to widen to 4.4% of GDP in 2022 from 1.4% in 2021. Ghana recorded a trade surplus of $1.43 billion…
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Fitch projects 43% depreciation of the cedi, higher inflation in 2022
The hope of Ghanaians to see an end to the sharp rise in inflation and the wanton depreciation of the local currency has further been dashed as Fitch Solutions forecasts a further weakening of the local currency throughout the year. In its latest ‘Ghana’s Private Infrastructure Investment Set for Medium-Term Recovery’ report, Fitch is predicting…
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Fitch downgrades Ghana’s credit rating from B- to CCC
Ghana has suffered another blow as its credit rating has been downgraded by Fitch Ratings from B- to CCC. This rating did not come with an outlook because Fitch typically does not assign outlooks to ratings of ‘CCC+’ or below. This update follows Standard and Poor’s (S&P) downgrade of Ghana’s foreign and local credit ratings…
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Fitch rates Ghana as the best trade and investment hub in West Africa
Ghana has been ranked first on the Fitch Solutions Operational Risk Index in the West African sub-region. The Index quantitatively compares the challenges of operating in 201 countries and territories globally. The index scores each country or territory on a scale of 0-100, with 100 being the lowest risk. The research conducted by Fitch scored…