Ghana Targets Investment Grade Rating Within Three Years
Ghana targets an investment grade rating within three years. Leaders told London investors that African debt is mispriced and needs faster restructuring tools.
Ghana aims to achieve an investment-grade credit rating within three years as it recovers from a 2022 debt default. President John Dramani Mahama and Finance Minister Cassiel Ato Forson announced the target during an investor conference in London on Wednesday midday. The shift signals a move toward private-sector investment and away from aid-dependent fiscal structures.
### Ghana Targets Investment-Grade Recovery Finance Minister Forson said the country should reach investment-grade territory within three years. Major international rating agencies currently hold the sovereign rating several notches lower in sub-investment or junk status. Forson noted that a surge in state-owned enterprises is not ideal for the economy, warning that relying on sovereign debt risks ballooning the national balance sheet.
