Ghana: Moody’s revises Ghana’s outlook to positive, affirms Caa1 rating

CREDIT rating agency, Moody’s has revised Ghana’s sovereign credit outlook from ‘stable’ to ‘positive,’ while affirming its long-term foreign-currency rating at Caa1.

The revision to a positive outlook reflects growing confidence that Ghana’s macroeconomic conditions are gradually stabilising after a period of severe financial distress.

Moody’s in a statement cited improvements in fiscal discipline, including efforts by the government to reduce budget deficits and enhance…