{"id":74604,"date":"2024-06-01T08:53:14","date_gmt":"2024-06-01T08:53:14","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/african-rating-agency-long-overdue-dr-amin-adam"},"modified":"2024-06-01T09:15:17","modified_gmt":"2024-06-01T09:15:17","slug":"african-rating-agency-long-overdue-dr-amin-adam","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam","title":{"rendered":"African rating agency long overdue \u2013 Dr Amin Adam"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign credit rating agency.<\/b><\/p>\n

He argues this would ensure a balanced, accurate, and comprehensive assessment of credit risks, facilitating access to competitive capital and fostering domestic financial market development across the continent.<\/p>\n

In a media interview discussing Ghana\u2019s economy and other African economic issues, the Finance Minister lamented the unfair assessments of developing countries by international rating agencies.<\/p>\n

\u201cIf we have our own rating agency, we will have an alternative professional second opinion. When challenged, the facts can be brought to bear, and I think the African Development<\/p>\n

Bank should lead by organizing stakeholders to determine the modalities,\u201d he stated.<\/p>\n

Dr. Adam further emphasized that such a stakeholder meeting is crucial to build credibility that would reflect the ratings given to African nations.<\/p>\n

According to a United Nations Economic Commission for Africa report, in the first half of 2023, the top rating agencies issued 13 negative decisions to 11 African countries, including downgrades and negative outlook assessments. The report stated, \u201cThese developments have reversed the optimism among investors on the international financial markets that African countries are recovering from the devastating Covid-19 economic shocks.\u201d<\/p>\n

President Akufo-Addo has previously had cause , while addressing the 35th Africa Union summit in Addis Ababa Ethiopia Akufo-Addo, to say \u201cWe need to guard against the continuing consequential stranglehold of rating agencies, which has affected the cost and access to capital markets for African countries.<\/p>\n

Addressing the 2024 African Development Bank\u2019s Annual Meetings in Nairobi, Kenya, President William Ruto also called on AfDB President Akinwumi Adesina to establish an African Credit Agency and conduct a comprehensive review of African states\u2019 Gross Domestic Product (GDP) to reflect their true economic status.<\/p>\n

President Ruto disclosed how perceptions had impacted Kenya\u2019s credit rating on Eurobond issuance, stating, \u201cKenya faced higher interest rates due to geopolitical conflicts far removed from its borders, such as the conflict in Niger. Niger is 4,585 kilometers away from Kenya, but perceptions in places like Washington link our fates.\u201d<\/p>\n

The three major international rating agencies \u2013 Fitch Ratings, Moody\u2019s Services, and S&P \u2013 have come under intense scrutiny as many countries have questioned their sovereign credit ratings.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign credit rating agency. He argues this would ensure a balanced, accurate, and comprehensive assessment of credit risks, facilitating access to competitive capital and fostering domestic financial market development across the continent. In a media interview […]<\/p>\n","protected":false},"author":84,"featured_media":74603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-74604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nAfrican rating agency long overdue \u2013 Dr Amin Adam - Ghana<\/title>\n<meta name=\"description\" content=\"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African rating agency long overdue \u2013 Dr Amin Adam\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-01T08:53:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-01T09:15:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African rating agency long overdue \u2013 Dr Amin Adam\",\"datePublished\":\"2024-06-01T08:53:14+00:00\",\"dateModified\":\"2024-06-01T09:15:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\"},\"wordCount\":387,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\",\"name\":\"African rating agency long overdue \u2013 Dr Amin Adam - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg\",\"datePublished\":\"2024-06-01T08:53:14+00:00\",\"dateModified\":\"2024-06-01T09:15:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg\",\"width\":1280,\"height\":720,\"caption\":\"African rating agency long overdue \u2013 Dr Amin Adam\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"African rating agency long overdue \u2013 Dr Amin Adam\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"African rating agency long overdue \u2013 Dr Amin Adam - Ghana","description":"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam","og_locale":"en_US","og_type":"article","og_title":"African rating agency long overdue \u2013 Dr Amin Adam","og_description":"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-06-01T08:53:14+00:00","article_modified_time":"2024-06-01T09:15:17+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"African rating agency long overdue \u2013 Dr Amin Adam","datePublished":"2024-06-01T08:53:14+00:00","dateModified":"2024-06-01T09:15:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam"},"wordCount":387,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg","keywords":["Africa Press","Africa Press-Ghana","ghana"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam","name":"African rating agency long overdue \u2013 Dr Amin Adam - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg","datePublished":"2024-06-01T08:53:14+00:00","dateModified":"2024-06-01T09:15:17+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Finance Minister Dr. Mohammed Amin Adam has thrown his weight behind calls for establishing an African sovereign cred ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/06\/sm_1717220465.559828.jpg","width":1280,"height":720,"caption":"African rating agency long overdue \u2013 Dr Amin Adam"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/african-rating-agency-long-overdue-dr-amin-adam#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"African rating agency long overdue \u2013 Dr Amin Adam"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/74604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=74604"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/74604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/74603"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=74604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=74604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=74604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}