Ghana’s Debt Service Commitments Expected to Lift Credit Rating, Bolster Investor Confidence
Ghana’s consistent debt service commitments are projected to improve its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) from the current Restricted Default status to a CCC rating.
This anticipated upgrade is expected to further enhance investor confidence in the near term, signaling the country’s progress in restoring fiscal credibility.
According to Databank Research, the likelihood of a default remains low, owing to the government’s dedication to restoring its creditworthiness.
This commitment is evident through International Monetary Fund (IMF)-driven fiscal reforms, strategic debt management, and ongoing economic growth initiatives.
Debt Payments Under Restructuring
As part of its US$13 billion restructured external debt programme, the Government of Ghana recently paid Eurobond coupons totaling US$346 million.
This payment is consistent with the restructuring terms and follows a US$520 million payment made in 2024, which included past-due interest from 2022 and an agreed consent fee.
The next coupon payment is expected in July 2025 as Ghana continues its efforts to navigate fiscal challenges within the framework of the IMF programme.
Stabilising Economy and Strategic Focus
Ghana’s commitment to timely debt payments reflects its focus on stabilizing the economy and reassuring creditors of its fiscal discipline.
These actions, coupled with the IMF programme’s fiscal reforms, are poised to support stronger economic fundamentals and further encourage investment inflows.
The country’s progress in meeting its debt obligations signals a path toward financial stability and increased global confidence in Ghana’s creditworthiness.
