Government is seeking to improve Ghana’s credit rating to investment-grade status as part of efforts to reduce borrowing costs and make long-term financing more accessible to businesses.

Finance Minister Dr Cassiel Ato Forson said the government's New Economy programme would help restore investor confidence and create conditions for Ghana to attract cheaper financing.

Speaking at a New Economy engagement in Accra on Saturday, November 7, 2026, Dr Forson said achieving an investment-grade rating would not only benefit government borrowing but also open up new financing opportunities for local businesses.

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He explained that Ghana's domestic bond market suffered a major setback in 2022 following the country's debt default and the Domestic Debt Exchange Programme (DDEP), which affected the ability of local banks to access credit lines.

“Before, the domestic bond market had virtually come to a standstill. But we have now restored it, and the country is currently rated B. We want to move to investment grade,” he said.

According to the Finance Minister, achieving investment-grade status would help Ghana attract more institutional investors, including funds that are restricted from investing in countries with lower credit ratings.

He said this could increase demand for government bonds and reduce the interest rates at which the country borrows.

Dr Forson said the impact would also extend to private businesses, which could benefit from improved access to long-term funding to expand their operations, purchase equipment and finance new projects.

“If we are able to get to investment grade, we would have laid the foundation for corporate bonds and others to take off,” he said.

He stressed that Ghana must maintain economic stability and predictable policies to achieve the target and convince investors that the country's economic gains can be sustained.

ANAS/EB

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