Rating Agencies to Further Downgrade Ghana Over Proposed Debt Exchange Programme – Ato Forson

A ranking member on the Finance Committee of Parliament says the country’s creditworthiness will hit a further snag over the government’s proposed debt exchange programme. 

Dr Cassiel Ato Forson said rating agencies will soon downgrade the country to further junk status. 

The Ajumako Enyam Essiam MP thus asked Ghanaians to brace themselves up for more hardships. 

He subsequently expressed sympathies with investors in the country. 

“Ghana has unfortunately announced a domestic DEBT DEFAULT. Expect rating agencies to downgrade Ghana to D tomorrow!

“Sad day for Ghanaians, the investor community and Banks!”