A financial analyst has indicated the recent positive outlook tag on Ghana could boost investor confidence in the country's economy.

Patrick Abankwa Baah noted this likely to help attract more foreign direct investment.

His Assessment comes on the back of New York City based ratings agency, Moody's, shifting Ghana's outlook to positive from stable.

The rating agency emphasised that the positive outlook reflects the potential for liquidity risk to ease," supported by ongoing fiscal reforms under the International Monetary Fund's (IMF) 3-billion-dollar Extended Credit Facility (ECF) programme.