According to Mr. Kuagbedzi, key indicators such as the decline in inflation to 5.4 per cent in December 2025, the near completion of the country’s debt restructuring programme, and improving external buffers are likely to influence international rating agencies when they conduct their next assessment of Ghana’s creditworthiness.

He noted that Ghana’s gross international reserves have risen to over US$13 billion, providing more than four months of import cover, while the cedi has remained relatively stable over the period.

He also pointed to what he described as enhanced fiscal prudence by government, including the recent payment of more than US$700 million to external creditors, as further signals of improving confidence in the economy.

“If you look at inflation, we ended the year at 5.4 per cent. Our gross international reserves are over US$13 billion, representing more than four months of import cover. The cedi has remained relatively stable, and government has demonstrated fiscal prudence.

“Just recently, government paid over US$700 million to its creditors. All these factors will be taken into consideration by the rating agencies when assessing Ghana’s creditworthiness,” he explained.

Nelson Kuagbedzi said Ghana is currently rated B- with a stable outlook, but expressed optimism that the rating could be revised upward to at least BBB-, which falls within the lower investment-grade category, should the current trajectory be sustained.

An improvement in Ghana’s credit rating would be significant for the economy, as it could lower borrowing costs, boost investor confidence, and improve the country’s access to international capital markets. It would also signal to global investors that Ghana is making tangible progress in restoring macroeconomic stability after years of fiscal strain.

Maintaining policy consistency, deepening revenue mobilisation, and sustaining inflation control will be critical if Ghana is to secure and sustain a higher credit rating in the months ahead.