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Ghana's Credit Rating Soars Amid Debt Restructuring Success

5/11/2025

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Summary

Story summary

Ghana's foreign currency credit rating has soared from 'SD' to 'CCC+' as of May 9, 2025, thanks to significant strides in debt restructuring and economic stabilization. Under the leadership of Finance Minister Dr. Cassiel Ato Forson, the government is enacting fiscal reforms to enhance public fund management, with an ambitious goal of achieving a budget surplus by 2025.

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Story summary

Ghana's foreign currency credit rating has soared from 'SD' to 'CCC+' as of May 9, 2025, thanks to significant strides in debt restructuring and economic stabilization. Under the leadership of Finance Minister Dr. Cassiel Ato Forson, the government is enacting fiscal reforms to enhance public fund management, with an ambitious goal of achieving a budget surplus by 2025.