On November 9, 2025, S&P Global Ratings upgraded Ghana’s sovereign rating to “B-/B,” citing progress in fiscal reforms and macroeconomic stabilization. Growth is forecast at 6 % in 2025, driven by strong gold and cocoa exports, inflation below 10 %, and foreign reserves projected at $10.4 billion. Accra targets a 1.5 % primary surplus and aims to cut debt to 45 % of GDP in the medium term.
