S&P: Ghana view to negative

Standard & Poor's said it revised its outlook on the Republic of Ghana to negative from stable.

At the same time, the agency affirmed its B long-term and B short-term foreign- and local-currency sovereign credit ratings on Ghana.

S&P said the outlook revision follows the deterioration it sees in Ghana's fiscal and external position. The ratings are mainly constrained by the government's weak fiscal stance in terms of deficits, debt stocks and interest burden. External vulnerabilities and still-low economic development are additional rating weaknesses, the agency added.

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