Good news for Ghana as S&P upgrades credit rating, citing strong economic progress under Finance Minister

Ghana's credit rating upgraded; S&P praises economic progress under Ato Forson

By Ashiadey Dotse Global credit rating agency S&P Global Ratings has upgraded Ghana’s foreign-currency credit rating from Selective Default to CCC+, marking a significant step forward for the country’s economic recovery. This change reflects growing investor confidence and highlights the strong progress made under Finance Minister, Dr. Cassiel Ato Forson. The upgrade, announced on May 9, 2025, comes as Ghana makes progress in addressing its debt…

Dangote sugar refinery launches in Ghana, promising economic transformation

Aliko Dangote, Africa’s wealthiest entrepreneur, has recently unveiled plans for a major sugar refinery in Ghana, a project poised to dramatically expand the nation’s irrigated farmland through a single transformative initiative. In a LinkedIn post announcing the development, Dangote confirmed that the new facility, the Dangote Sugar Refinery, will be situated in Kwame-Danso within the Bono Region and is expected to play a pivotal role in Ghana’…

Dr Theo Acheampong explains why the cedi’s recent appreciation is not solely due to external factors

Economist and Risk Analyst, Dr Theo Acheampong, has provided a detailed explanation as to why the cedi’s recent appreciation is not solely due to external factors. In a Facebook post, he explains various factors culminating in the recent appreciation of the Ghana cedi. The vice president of policy think tank ImaniAfrica mentions certain fiscal factors and monetary measures which has been put in place to get the cedi competing with other currenci…

Ghana is emerging from the selective default. Debt restructuring is coming to an end. S&P Global Ratings today, May 9, 2025, raised Ghana's sovereign foreign currency credit rating from "SD" (selective default) to "CCC+", welcoming the significant advance in the negotiations for the restructuring of Ghana's commercial debt.

Good news for Ghana as S&P upgrades credit rating, citing strong economic progress under Finance Minister

Dr. Ato Forson In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating from Selective Default (SD) to CCC+, reflecting renewed investor confidence and the positive momentum in economic management under the leadership of Finance Minister Dr. Cassiel Ato Forson. The […] The post Good news for Ghana as S&P upgrades credit ra…

S&P Upgrades Ghana’s Credit Rating to ‘CCC+’ Amid Debt Restructuring Progress

S&P Global Ratings has upgraded Ghana’s foreign currency issuer credit rating from ‘SD’ (Selective Default) to ‘CCC+’, signaling renewed confidence in the country’s economic recovery path. This comes after significant milestones in Ghana’s domestic and external debt restructuring efforts and a gradual improvement in macroeconomic fundamentals. The rating agency’s latest move reflects Ghana’s resilience in navigating through a tough period of fis…