Ghana’s economic outlook has received a major boost after global ratings agency Standard & Poor’s (S&P) upgraded the country’s credit rating to B- minus with a stable outlook.
The upgrade reflects strengthening investor confidence, driven by improved foreign reserves, stronger monetary controls, and ongoing debt restructuring reforms.
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According to S&P, Ghana is on track to maintain single-digit inflation through 2026, averaging around 9%. This projection comes as the Bank of Ghana (BoG) enhances its reserve position and implements policies aimed at price stability and sustainable growth.
S&P also forecasts Ghana’s economy to expand by an average of 5% over the next three years, reflecting improved macroeconomic stability and recovery momentum.
Economists note that the improved rating, although still within the speculative category, is a strong signal to investors that Ghana is better positioned to meet its financial obligations and stabilize its economy.
The outlook suggests no signs of immediate deterioration, reinforcing expectations of continued economic recovery.