Global credit rating agency Fitch Ratings has upgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'Restricted Default' (RD), citing significant progress in restructuring external commercial debt.
The outlook for the country has been rated as 'Stable' by the international agency.
The latest upgrade follows the government's successful restructuring of some $13.1 billion in Eurobond debt in October 2024.
According to Fitch's commentary published on its website on Monday, June 16, 2025, Ghana has now normalised relations with the vast majority of its external commercial creditors.
