We Don't Need Moody's To Tell Us...We Know Economic Crises Will Affect Ratings - Nana Akomea
State Transport Corporation (STC) CEO, Nana Akomea has reacted to Moody's downgrade of the country’s credit rating; saying they're not sacrosanct.
Moody’s reviewed Ghana’s long-term debt to Caa1, from B3 on Friday, 4th February 2022.
Finance Minister, Ken Ofori Atta reacting to this, criticized Moody’s decision to lower its rating further into junk status and described the rating as questionable because of the incomplete data used.
Meanwhile, the Finance Ministry on Sunday 6th February, 2022, appealed against the downgrade of the country’s credit rating.
Contributing to a panel discussion on Peace FM morning show 'Kokrokoo', Nana Akomea said: "these service ratings are not sacrosanct...they were fined in Europe for a biased rating and so they're not sacrosanct. we know the difficulties ourselves and we know they will affect our ratings and so we don't need Moodys to tell us..."
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