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S&P cuts Ghana’s foreign currency debt to CC from CCC+

S&P Global has downgraded Ghana’s long-term local currency bonds to selective default and cut the country’s foreign currency debt to CC from CCC+. Meanwhile, Minority Caucus of Ghana’s Parliament says it remains resolute in its resolve to reject revenue mobilization measures in the approved 2023 budget. Derrick Mensah, Head of Client Coverage at IC Asset Managers joins CNBC Africa for more.
Thu, 08 Dec 2022 12:18:00 GMT