ACCRA, June 4 – Ghana has set a target to regain an investment-grade credit rating within the next three years as the country continues its economic recovery following its 2022 debt default and subsequent debt restructuring.
Speaking at an investor conference in London, President John Dramani Mahama and Finance Minister Cassiel Ato Forson said African debt remains “mispriced” and called for reforms to make debt restructuring processes faster, fairer and more inclusive.
The West African nation, one of Africa’s leading producers of gold, oil and cocoa, has been rebuilding investor confidence after restructuring both its domestic and external debt under the G20 Common Framework.
Mahama said Africa requires financing models that support long-term development and climate-related investments, adding that partnerships with countries such as Britain should increasingly focus on trade, innovation and investment rather than aid.
Meanwhile, Forson said Ghana’s credit profile is expected to improve steadily, with the government aiming to move out of sub-investment-grade territory within three years.
He also raised concerns about the growing number of state-owned enterprises, noting that excessive reliance on government-backed financing could increase debt pressures. According to him, greater private sector participation will be needed to support economic growth and investment.
Ghana’s economy showed stronger growth toward the end of 2025 following the completion of key restructuring efforts. However, first-quarter 2026 growth figures have not yet been released.
