President John Dramani Mahama has welcomed the recent upgrade of Ghana’s credit rating by Fitch Ratings, describing it as a clear sign of the country’s economic recovery and renewed investor trust.
On Tuesday, June 17, Fitch raised Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’ with a Stable Outlook. The move reflects what Mahama called growing recognition of the government’s efforts to restore economic stability.
Speaking at the Ghana-European Union Partnership Dialogue, President Mahama noted that the upgrade affirms the impact of the country’s strategic fiscal reforms and prudent economic policies.
“Our economic trajectory is moving in the right direction,” Mahama stated. “We remain committed to sound fiscal discipline, strengthening domestic revenue, and managing public spending effectively. Together with the Bank of Ghana, we are tackling inflation, stabilizing the Cedi, and restructuring debt to restore investor confidence.”
He also pointed to ongoing institutional and regulatory reforms designed to cut inefficiencies, boost transparency, and build a more resilient economy.
“These reforms are not only restoring trust but also laying the groundwork for sustainable growth,” he added.
