Ghana’s government is hoping to reverse its credit rating downgrades from Fitch, Moody’s and S&P following the country’s request for a $1.5bln bailout package from the IMF. Earlier this year, Fitch and S&P downgraded Ghana’s rating from ‘B’ to ‘B-‘ with a negative outlook while Moody’s gave the country a ‘CCC’ credit rating. The downgrades by the rating agencies followed the country’s loss of access to international capital markets and the surge in public debt with inadequate tax revenues to fully service interest payments and amortization.