Ghana has a stable outlook and a B- credit rating from Fitch

The government reported an oversubscription of its Treasury bills for the first time in two months after Fitch upgraded Ghana’s credit rating to B- with a stable outlook.

The Bank of Ghana’s auction results show that the Treasury oversubscribed the short-term instruments by 80%.

Investors reacted quickly to Fitch’s upgraded ratings after Ghana’s credit profile improved.

The government accepted slightly more than GH¢6 billion, but got GH¢7.8 billion of the total bids, according to the Bank of Ghana’s auction results.

Source: newsthemegh.com