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S&P Flags Ghana's Weak Institutions and High Debt Service as Rating Constraints
S&P Global has assessed Ghana's sovereign credit rating as constrained by weak institutional arrangements and interest payments projected to consume an average of 20 percent of government revenue over the next four years. The agency also flags the high fiscal cost of the country's foreign reserve and gold accumulation strategy as an additional drag on Ghana's credit profile.
3 sources
- Strategy of accumulating foreign reserves, gold carries high fiscal cost – S&P Global · myjoyonline.com · T3
- Weak institutional arrangements, high debt servicing constrain Ghana’s rating – S&P · myjoyonline.com · T3
- Interest payments to average a high 20% of government revenue over next 4 years · myjoyonline.com · T3