President John Dramani Mahama has welcomed Ghana’s recent credit rating upgrade by global agency Fitch as a major endorsement of his administration’s economic reforms.
Speaking during the Ghana-European Union Partnership Dialogue, Mahama emphasized that the upgrade from Restricted Default to B- with a Stable Outlook reflects a rebound in investor confidence and the positive results of sound fiscal governance.
“Our administration remains committed to restoring macro stability, these efforts are yielding fruits”, he said, highlighting measures like domestic revenue moblisation, rationalising spending, and inflation management in partnership with the Bank of Ghana.
The credit rating bump follows notable gains such as declining inflation and progress on debt restructuring, including the successful reworking of $13.1 billion in Eurobonds.
The government projects a public debt-to-GDP ratio of 60% by year’s end.
The upgrade has been hailed as a clear indicator that Ghana is regaining credibility on the global stage and attracting renewed investment interest.
