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Friday, 9 October 2026
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Friday, 9 October 2026
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Ghanaian press · Organization

S&P

S&P — credit rating agency mentioned as alternative to in African Union's launch of continent's first credit rating body.

2026-05-132026-10-09
Business

African Union launches continent's first credit rating agency

The News

The African Union launched the Africa Credit Rating Agency (AfCRA) in Port Louis, Mauritius on Wednesday, seeking to provide an alternative to Western ratings agencies like S&P, Moody's and Fitch. African leaders have long accused these Western agencies of unfairly assessing lending risk to African countries and downgrading them too quickly during crises.

8 October 2026 · Joy Online →

Yesterday

  1. African Union launches continent's first credit rating agency

    The African Union launched the Africa Credit Rating Agency (AfCRA) in Port Louis, Mauritius on Wednesday, seeking to provide an alternative to Western ratings agencies like S&P, Moody's and Fitch. African leaders have long accused these Western agencies of unfairly assessing lending risk to African countries and downgrading them too quickly during crises.

    8 October 2026 · Joy Online →

Wednesday 7 October

  1. African Union launches continent's first credit rating agency

    The African Union launched the Africa Credit Rating Agency (AfCRA) in Mauritius on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies and better assess African investment risk. African leaders have accused Western ratings agencies of failing to fairly assess lending risk and moving too quickly to downgrade African countries during crises.

    7 October 2026 · Joy Online →

Friday 28 August

  1. BoG hopeful of sovereign ratings upgrade in second half 2026

    Bank of Ghana Governor Dr. Johnson Asiama says the government is hopeful of a ratings upgrade in the second half of 2026, following recent upgrades from S&P and Fitch Ratings. The Governor attributed the improvements to fiscal consolidation through enhanced domestic revenue mobilization, prudent expenditure management, and restoration of debt sustainability.

    28 August 2026 · Joy Online →

Tuesday 21 July

  1. Global systems extract costs from ordinary Ghanaians daily

    A Chronicle essay traces one day in the life of Abena, a 34-year-old fabric seller in Madina who navigates multiple global systems—including money-transfer networks that charge sub-Saharan Africa an average of 8 percent, far above the global 3 percent target—each extracting value before day's end, illustrating how international financial infrastructure shapes the lives of ordinary Africans.

    21 July 2026 · The Chronicle →

Monday 13 July

  1. Global investors scrutinizing Ghana's governance and institutions more closely

    International investors are shifting focus from Ghana's potential and opportunities to examining its discipline, institutions, governance, and capacity to deliver projects, according to an analysis by Solomon Asamoah. This shift reflects tighter global capital markets and investors' ability to compare Ghana with competing African and emerging-market opportunities.

    13 July 2026 · The Ghanaian Times →

Wednesday 10 June

  1. Mahama's approval rating drops to 58.9% but majority still back him

    According to an IEA poll conducted in May 2026 across all sixteen regions of Ghana, President John Mahama's job approval rating has fallen to 58.9%, down from 68% in December 2025, though 28.4% disapprove and 12.8% have no opinion. Among approvers, 73.5% cite the government's handling of the economy as the overwhelming reason for their support.

    10 June 2026 · Joy Online →

  2. Mahama's approval rating falls to 58.9%, majority still support him

    President John Mahama's job approval rating has dropped to 58.9% from 68% in December 2025, according to an IEA poll of over 1,000 respondents conducted across Ghana's sixteen regions in May 2026. While 28.4% disapprove and 12.8% have no opinion, the wide gap between approval and disapproval shows positive assessments remain well ahead of critical ones, with economic management cited as the overwhelming reason for approval among supporters.

    10 June 2026 · Joy Online →

  3. Mahama approval rating falls 9.1 points to 58.9% in IEA poll

    President John Mahama's job approval rating has dropped from 68% in December 2025 to 58.9% in May 2026, according to an IEA nationwide poll of over 1,000 respondents across all sixteen regions. Despite the decline, a majority still approve of his performance, with the economy cited as the overwhelming reason for support among approvers.

    10 June 2026 · Joy Online →

Tuesday 2 June

  1. Finance Minister appeals to diaspora investors to return to Ghana

    Finance Minister Dr Cassiel Ato Baah Forson told diaspora Ghanaians in London that Ghana is "open for business" and invited them to invest, noting that diaspora remittances exceeded $7 billion last year and describing the diaspora as important partners in nation-building.

    2 June 2026 · Joy Online →

Friday 29 May

  1. Ghana's revenue base insufficient to cover spending in 2026

    Ghana's government is spending faster than it is collecting revenue, with cumulative total revenue and grants reaching only 3.6% of GDP and tax revenue at 3.0% of GDP by end of March 2026, against total government expenditure of 3.9% of GDP, making new taxes in the mid-year budget likely.

    29 May 2026 · Daily Guide →

Wednesday 13 May

  1. Africa's debt crisis rooted in global financial system asymmetries

    Despite Africa representing nearly one-fifth of global population but less than 3% of sovereign debt—lower ratios than Europe, the US, and Japan—many African countries remain trapped in debt cycles due to structural inequalities in global finance that limit access to affordable, long-term capital and force reliance on costly, short-term, market-based borrowing in foreign currencies.

    13 May 2026 · Business & Financial Times →

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