President Mahama has indicated that International credit rating agency Moody’s rated Ghana’s economy as stable due to the good governance of the NDC-led administration.
He was speaking at the Kotoka International Airport when he returned to Accra from the United Nations and UNESCO.
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Since 2015, Moody’s has rated the Ghanaian economy at B3/ negative.
The latest decision to rate the economy stable, Moody’s said in a statement, was informed by three key drivers.
The first is the country’s debt reduction and reforms. The second is a reduction in government liquidity risk and the third is improved the balance of payment dynamics and development in the country’s oil and gas sector.