Welcome to the Week in Focus with The High Street Journal where we bring you the highlights of the key stories in the week.
Credit Rating Agency, Moodys has upgraded Ghana’s long-term local and foreign currency issuer ratings to Caa2 and Ca respectively after successful debt restructuring. The upgrade comes after the country was downgraded in February 2022.
Another credit ratings agency, Fitch has also upgraded Ghana’s New Dollar Bonds and Local currency ratings boosting Ghana’s credit profile. These upgrades signify renewed confidence in the economy
Bank of Ghana report reveals that GCB Bank has the cheapest loan for SMEs as it offers the lowest rate of interest around 30% while Stanbic Bank charges the highest at about 45%.
The Ghana Cedi this week depreciated to hit GHC 16.78 per dollar following the surge in demand for the US dollar. Also, the World Bank has classified the cedi among the 4 worst-performing currencies in Sub-Saharan Africa in 2024.
Banking Consultant, Dr. Richmond Atuahene is calling for deeper investigations into the circumstances leading to the forced resignation of the board chairman of ADB, Daasebre Akuamoah Agyapong II.
The High Street Journal’s spotlight this week was on the rise and fall of Surfline, a pioneer of Ghana’s 4G services.
There was also a closer look at Ghana’s local furniture industry which has been declining due to a number of factors.
You can log on to www.highstreetjournal.com to get the details of all these stories and more insightful, focused, and impactful news. You can also find as on all our social media platforms.
This is where we draw curtains on this week’s edition of “The Week in Focus” by The High Street Journal. Let’s meet again next week. Have a great weekend.
