Ghana has received a credit rating boost from the international rating agency, Fitch Ratings, which has upgraded the country's Long-Term Foreign-Currency Issuer Default Rating from Restricted Default to 'B-' and assigned a Stable Outlook.
The announcement reflects growing optimism about Ghana's economic trajectory and progress in managing its debt burden.
The rating agency cited the government's strides in fiscal discipline and external debt restructuring as key reasons for the upgrade.
Ghana recently restructured $13.1 billion in Eurobond debt and is nearing the conclusion of talks with remaining external creditors, a development Fitch says puts the country on track to complete its debt overhaul by the end of 2025.
