Mike Kruninger Archives - Wontumi Online

09 Feb

DDEP To Weigh On Balance Sheet Of Banks – Fitch Solutions

wontumionlineBusinessBanks, Domestic Debt Exchange Programme, Fitch solutions, Mike Kruninger

The Domestic Debt Exchange Programme is likely to weigh on the balance sheets of banks in Ghana and consequently reduce credit to the private sector, Fitch Solutions has revealed in January 2023 Sub-Saharan Africa Market Update. According to research and market information firm, the reduction in loans particularly to corporate institutions will impact on the real sector of the economy. Senior Country Risk Analyst in charge of Sub-Saharan Africa, Mike Kruninger, said this should be a woke up call to the government. “When talking about access to credit, another factor that I think is really important to mention here is…

06 Feb

Fitch Reiterates Position Cedi Will Record Strong Performance In 2023

wontumionlineBusinessCEDI, Fitch solutions, imf, Mike Kruninger

Fitch Solutions has reiterated that the Ghana cedi will record a strong performance against the US dollar in 2023. According to the UK based firm, this will come on the back of an expected boost in the country’s reserves as a result of $3 billion from the International Monetary Fund support programme and an improvement in the current account position. The government of Ghana is optimistic of concluding its Debt Exchange Programme by the end of February 2023, Speaking at a Sub-Saharan Africa Market Update, Senior Country Analyst, Mike Kruninger, said the cedi’s performance in 2023 will be very much…

02 Feb

We Are Optimistic Ghana Will Secure IMF Board Approval In quarter 1, 2023 – Fitch Solutions

wontumionlineBusinessFitch solutions, Ghana, imf, IMF lending arrangement, Mike Kruninger

Fitch Solutions, has expressed optimism of a likely International Monetary Fund Board approval for a programme for Ghana in the first quarter of 2023. In its January 2023 Sub-Saharan Africa Macroeconomic Update, it said the country has made significant progress on the Domestic Debt Exchange Programme, a key condition for the $3 billion Balance of Payment support from the Fund. Senior Country Risk Analyst at Fitch Solutions based in London, Mike Kruninger said “the first thing I should say is that, the IMF Executive Board approval will happen in the coming weeks”. He, however, warned that should the approval fail…

02 Feb

We Are Optimistic Ghana Will Secure IMF Board Approval In Quarter 1, 2023 – Fitch Solutions

wontumionlineBusinessFitch solutions, Ghana, imf, Mike Kruninger, Sub-Saharan Africa Macroeconomic Update

Fitch Solutions, has expressed optimism of a likely International Monetary Fund Board approval for a programme for Ghana in the first quarter of 2023. In its January 2023 Sub-Saharan Africa Macroeconomic Update, it said the country has made significant progress on the Domestic Debt Exchange Programme, a key condition for the $3 billion Balance of Payment support from the Fund. Senior Country Risk Analyst at Fitch Solutions based in London, Mike Kruninger said “the first thing I should say is that, the IMF Executive Board approval will happen in the coming weeks”. He, however, warned that should the approval fail…