By Francis Kobena Tandoh
There is growing investor confidence in the Ghanaian economy owing to improved credit rating, Finance Minister Dr. Cassiel Ato Forson said on Thursday in Parliament.
Presenting the 2026 mid-year fiscal policy review of the Government of Ghana for the 2026 financial year, the minister said all three major international credit rating agencies, including S&P, Moody’s, and Fitch, reviewed Ghana’s sovereign creditworthiness with positive assessments in the first half of 2026.
The achievement by the government, the minister emphasized, is because of disciplined economic management and prudent debt management.
According to the minister, S&P affirmed Ghana’s B-/B sovereign credit rating with a stable outlook, citing strong economic growth, robust exports, record international reserves, and our strengthened fiscal framework.
Moody affirmed Ghana’s Caa1 rating and upgraded the outlook from stable to positive, signaling that an upgrade is increasingly likely as debt affordability and financing conditions continue to improve.
Fitch upgraded Ghana’s sovereign rating from B- to B with a positive outlook, reflecting stronger growth, fiscal consolidation, lower debt, and improved external reserves.
“Three years ago, Ghana was locked out of the international capital markets. Today, our credit ratings are improving, our Eurobond yields have fallen by about 300 basis points since January 2025, and investors are once again looking to Ghana with confidence,” said the finance minister.
According to Ato Forson, these ratings matter because they lower Ghana’s borrowing costs, strengthen investor confidence, and reduce the risk premium attached to our economy, making it easier and cheaper for Ghanaian businesses and banks to access international financing, creating jobs, expanding investment, and supporting economic growth.
He added, “Mr. Speaker, these are not political endorsements. They are independent assessments by institutions whose business is to measure risk. Their verdict is clear: Ghana’s economy is stronger, its policies are more credible, and its future is brighter. We did not inherit these ratings. We earned them through difficult decisions, disciplined reforms, and unwavering commitment to macroeconomic stability.”
The minister assured the government is determined to move Ghana to an investment-grade status within the next three years, unlocking cheaper capital, attracting more investment, and creating greater opportunities for the people of Ghana. Enditem
Source: Ghana Eye Report
