Fitch: Ghana's 2016 Deficit Highlights Downside Fiscal Risks

(The following statement was released by the rating agency) HONG KONG/LONDON, February 21 (Fitch) Ghana's disclosure of unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risk to the country's public finances, Fitch Ratings says. Public finances are an important ratings weakness, but we think the new government is committed to fiscal adjustment under Ghana's IMF programme. The Negative Outlook on Ghana's 'B' sovereign rating reflect Read Full Story