Credit: Kekeli K. Blamey
Ghana’s consistent debt repayment efforts are expected to improve its credit rating, with a potential upgrade from its current Restricted Default status to a triple C rating.
According to Databank Research, this development is likely to boost investor confidence in the near term. The research firm remains optimistic about Ghana’s ability to avoid default, citing the country’s strong commitment to restoring its creditworthiness.
This commitment is driven by International Monetary Fund (IMF)-driven fiscal reforms, strategic debt management, and strong economic growth.
Recent debt repayment efforts by the Ghanaian government have been impressive.
Last week, the government paid $346 million in Eurobond coupons, part of the restructuring terms under its $13 billion restructured external debt. This payment follows previous efforts, including a $520 million payment in 2024.
The next coupon payment is expected in July 2025, as Ghana navigates fiscal challenges under an IMF program amid a stabilizing economy.
