Ghana is on the rise! Fitch Ratings has upgraded the country’s credit rating to ‘B-‘ following significant progress in debt restructuring efforts. This positive news reflects growing international confidence in Ghana’s economic recovery plan, cementing its place as a promising investment destination in Africa.
One of the key factors behind this credit upgrade is the successful reorganisation of $13.1 billion in Eurobond liabilities, showcasing Ghana’s commitment to managing its debt obligations effectively. Additionally, ongoing negotiations with external creditors demonstrate the government’s dedication to resolving financial challenges and fostering sustainable economic growth.
Another highlight of Ghana’s economic transformation is the notable decline in inflation rates, from 23% in 2024 to 18.4% in May 2025. Fitch Ratings anticipates further decreases in inflation, with projections of 15% in 2025 and 10% in 2026. This optimistic outlook is fueled by tighter monetary policies, fiscal discipline, and enhanced currency stability, laying a solid foundation for long-term economic stability.
With renewed engagement with commercial creditors and a clear path towards completing debt restructuring by the end of 2025, Ghana is positioning itself as a resilient and attractive investment destination in Africa. The ‘B-‘ credit rating upgrade is a testament to Ghana’s economic resilience and determination to overcome financial challenges, setting the stage for sustained growth and prosperity in the years to
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