In the last two years Ghanaian authorities and Rating agencies have not seen eye to eye. The Ghanaian authorities accused the agencies of being alarmist and a lack of reflection of what’s on the ground. In November last year,Moody’s Investors Service downgraded Ghana deeper into junk territory,the second-lowest score at Moody’s.
Both Standard & Poor's credit rating for Ghana stands at SD while Fitch's credit rating for Ghana was last reported at RD. Both reflecting possible default by Ghana
