Ghana's credit rating upgraded to 'B-' by Fitch following Eurobond restructuring

Read Article

Comments (37)

This article is closed for comments.

Read Comments Comments (37)

Rush 7 months ago

Credit to Ken Ofori Atta and the NPP since this was due the restructuring made before October 2024. It happened before NDC came to power and started working after January 7th 2025.

Credit to Ken Ofori Atta and the NPP since this was due the restructuring made before October 2024. It happened before NDC came to power and started working after January 7th 2025.
Mort 7 months ago

@Rush You don’t even have the grace to give praise where it is due? Envy will kill you DEAD

@Rush You don’t even have the grace to give praise where it is due? Envy will kill you DEAD
Rush 7 months ago

Stupid people who curse die with their own curse. So your stupidity will rather kill you DEAD foooool!!!!

Stupid people who curse die with their own curse. So your stupidity will rather kill you DEAD foooool!!!!
prophet mohammed was a sick dog 7 months ago

Qur'an is toilet paper. .... .. burn all mosques in Africa.

Qur'an is toilet paper. .... .. burn all mosques in Africa.
prophet mohammed was a sick dog 7 months ago

I am sick dog and a loser.

I am sick dog and a loser.
AK 7 months ago

@Mort Did you read the article well? The restructuring was completed in October 2024. Was NDC in power? You should rather give credit where it is due.

@Mort Did you read the article well? The restructuring was completed in October 2024. Was NDC in power? You should rather give credit where it is due.
Ei NPP 7 months ago

@AK, the credit was on 023 and the restructuring is now and present. The poor credit was 2023 so don't give credit to NPP who caused the credit and deficits

@AK, the credit was on 023 and the restructuring is now and present. The poor credit was 2023 so don't give credit to NPP who caused the credit and deficits
JESUS IS GOD 7 months ago

Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal ...
read full comment

Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal life! (John 3:16)Dgjkhfgjk
Speak the Truth 7 months ago

@ Rush, read this below article too.

www.myjoyonline.com/fitch-upgrades-ghanas-credit-rating-to-b-outlook-stable

Oh Ghana web, hide it small...

What's the agenda?

@ Rush, read this below article too.

www.myjoyonline.com/fitch-upgrades-ghanas-credit-rating-to-b-outlook-stable

Oh Ghana web, hide it small...

What's the agenda?
NPP will return 7 months ago

We will be forever grateful to the NPP for thinking ahead! We have the men. Now that the food is cooked, they have come to stir the pot as if they had the recipe. We are not blind please. Waiting for 2028 like kakaiiiiiii

We will be forever grateful to the NPP for thinking ahead! We have the men. Now that the food is cooked, they have come to stir the pot as if they had the recipe. We are not blind please. Waiting for 2028 like kakaiiiiiii

NPP will return 7 months ago

We will be forever grateful to the NPP for thinking ahead! We have the men. Now that the food is cooked, they have come to stir the pot as if they had the recipe. We are not blind please. Waiting for 2028 like kakaiiiiiii

We will be forever grateful to the NPP for thinking ahead! We have the men. Now that the food is cooked, they have come to stir the pot as if they had the recipe. We are not blind please. Waiting for 2028 like kakaiiiiiii
Achakanapaya 7 months ago

JDM all the way.
NPP is a Criminal organisation.

JDM all the way.
NPP is a Criminal organisation.
Asabee 7 months ago

Healthy news....Ghana is working again

Healthy news....Ghana is working again
Nana 7 months ago

The economic policies implemented by the previous NPP administration are demonstrably effective. The NDC should acknowledge and commend the positive outcomes.

The economic policies implemented by the previous NPP administration are demonstrably effective. The NDC should acknowledge and commend the positive outcomes.
Yaw 7 months ago

Pensioner's heads were sacrificed for this

Pensioner's heads were sacrificed for this
Sense 7 months ago

This is the doing of the NDC

This is the doing of the NDC
Tweaa 7 months ago

Thank you Dr Amin and Dr Bawumia

Thank you Dr Amin and Dr Bawumia
Pensioners barber 7 months ago

With how many pensioners heads as sacrifice? Take or Pay heads

With how many pensioners heads as sacrifice? Take or Pay heads
Jack Amoah 7 months ago

Akuffo Addo is bad old man, saddling Ghana with this huge debt. What did we really get from all these big borrowings?

Akuffo Addo is bad old man, saddling Ghana with this huge debt. What did we really get from all these big borrowings?
Snyder 7 months ago

Kwaseato! Did you read the article at all?

Kwaseato! Did you read the article at all?

Kofi BA 7 months ago

So Ken Ofori Atta wasn't a bad finance minister after all

So Ken Ofori Atta wasn't a bad finance minister after all
Kyeiwaa 7 months ago

Have you asked yourself why he is resisting to return to his own country of birth? NPP akromfuor nkwasiafuor aban.....

Have you asked yourself why he is resisting to return to his own country of birth? NPP akromfuor nkwasiafuor aban.....
Kwame A Plus 7 months ago

He should come and tell Kissi Adjebeng that even Fitch says B-

He should come and tell Kissi Adjebeng that even Fitch says B-
Raphael Abeam US 7 months ago

The credit must be given to the former government because it happened in October 2024 by then the Finance minister Adam's

The credit must be given to the former government because it happened in October 2024 by then the Finance minister Adam's
Omega south Africa 7 months ago

Ndc have no shame. Give credit to previous Npp government because it's was October 2024 bound

Ndc have no shame. Give credit to previous Npp government because it's was October 2024 bound
Nana TRUMU TRUMU Addo 7 months ago

NPP NKWASEAFO: USELESS IDIOTS

NPP NKWASEAFO: USELESS IDIOTS
Omega south Africa 7 months ago

National Drugs Cartel useless fake PhD, fake Doctors and fake professors scam government and cocaine president Ndc fools.

National Drugs Cartel useless fake PhD, fake Doctors and fake professors scam government and cocaine president Ndc fools.
Napo 7 months ago

Aban papa aba

Aban papa aba
Mathew Opoku Prempeh 7 months ago

Mahama is the best so far. Toilet is better than Bawumia

Mahama is the best so far. Toilet is better than Bawumia
KingLord 7 months ago

Rush & co,
Please let's understand that It's not just only about the restructuring but ABILITY TO PAY THE RESTRUCTURED DEBTS which obligations are being HONOURED by prudent fiscal management by the current NDC government.

...
read full comment

Rush & co,
Please let's understand that It's not just only about the restructuring but ABILITY TO PAY THE RESTRUCTURED DEBTS which obligations are being HONOURED by prudent fiscal management by the current NDC government.

Also the restructuring is only one aspect of the rating.

The current micro and macro environment largely contributed to the upgrade eg exchange rate, inflation, debt to GDP ratio etc are positively upgrading Ghana's rating under PRUDENT MANAGEMENT BY the current government.

Remember Ghana was upgraded from NEAR JUNK STATUS in 2024 to C- in Q1 of 2025, then to C+ before the current B- ratings.

Let's put partisanship aside for once and give credit to Ato Forson and BoG for our current economic climate.

KingLord 7 months ago

For those who are trying to give credit to Ken Ofori Atta, why do you credit him for over-borrowing which brought our economy to JUNK STATUS and destroyed every sector of our economy?

Read the report carefully and you will ...
read full comment

For those who are trying to give credit to Ken Ofori Atta, why do you credit him for over-borrowing which brought our economy to JUNK STATUS and destroyed every sector of our economy?

Read the report carefully and you will see that investors are NOW confident that Ghana will not DEFAULT in our debt REPAYMENTS because of ABILITY by the current government to service our external DEBTS.

Ken created...
JUNK STATUS RATING
DEBT REPAYMENTS DEFAULTS
OVER 100% DEBT TO GDP RATIO
ETC. ETC.
Kwabena Boadi. 7 months ago

Yes, you have done well but kindly pay the customers of Gold Coast Fund. They are suffering for not receiving their locked up funds. These messy situations was created by the insensitive NPP Bawumia government hence we voted ...
read full comment

Yes, you have done well but kindly pay the customers of Gold Coast Fund. They are suffering for not receiving their locked up funds. These messy situations was created by the insensitive NPP Bawumia government hence we voted massively against them. Please, NDC, kindly have compassion on us and pay the locked up funds. As for NPP Bawumia, they have not seen anything yet.
GhanaBeyond Aid 7 months ago

Apparently it's the level of stupidity with many of our voters that's killing the country.

Wasnt the NPP that brought the country to bankruptcy through their recklessly spending and looting? Even when most financial analy ...
read full comment

Apparently it's the level of stupidity with many of our voters that's killing the country.

Wasnt the NPP that brought the country to bankruptcy through their recklessly spending and looting? Even when most financial analysts were warning the government about impending financial crisis, the finance minister came out to assure the public that they will never go to IMF because Ghana is a proud country and we have enough resources. Less than 3 months, the cedis started it's free fall depreciation. That's when the finance minister knew that they don't know what they are doing. Immediately they dash to IMF begging for the IMF loan at the speed of light.

To restructure the massive debts the government decided to suspend and reduce payment to the bond holders many of who are pensioners. This is equivalent to you lend money to someone and the debtor decided not to pay you back when you need to money for medical fees because he wasted the money on girls and alcohol.

Only after this current gov took power and started scrutinize gov expense and uncovered so much looting and stealing during the NPP era. A mere NSS deputy has stolen over 500 million GHS. Imagine the rest. Even during the time Cecilia Dapaah was on the news about her unexplained millions of USD cash in her bedroom, some NPP elders came out and said people were treating Ceilia unfairly because most politicians in NPP government were stealing much more.

Things are moving in the right direction now because of this current government actions to minimize spending and prosecute corruption.

It's laughable that some of those NPP brainless supporters will attribute the blame to NDC for US deciding to put Ghana on the visa ban list. First of all, NDC just came into power less than 6 months, the ban is based on previous years of offenses committed by Ghanaians that travelled to US. As a small country with population less than 20% of Nigerias population, we Ghanaians managed to have almost the same number of cases of over stayed in the US after the expiration of our travel visa as Nigerians.

There always will be 30% absolute moron voters n our country that will vote for their party regardless of how they perform or steal. For some of them it's because they are benefiting financially from it. But majority of them are just low level grass root supporters that get peanuts. They are the illiterates or semi illiterates that support the party as if they are supporting a football club. Most of them probably have a small position or title within the party which is their only achievement in life which is the source of their passion. Even though the party have treated them poorly and did not share the cake when they were in power but these low level party members have no other place to do anyways. They are poor, uneducated and desperate. That's how the party take advantage of them and use them.

Our democracy will not move forward when people are not well educated with good jobs and stable financial means to support themselves. The politicians take advantage of our poverty to buy our votes too easily. Majority of the voters don't vote for what's right for the nation but vote for what's benefits them directly.
Kwadwo 7 months ago

Kudos to all those that makes it happens. As for the solid economic management team under the auspices of the clown Bawumia, the least said about them the better.

Kudos to all those that makes it happens. As for the solid economic management team under the auspices of the clown Bawumia, the least said about them the better.
Slim 7 months ago

That doesn't mean you should go on a borrowing spree like Ken Ofori-Atta the petty criminal wanted by Interpol

That doesn't mean you should go on a borrowing spree like Ken Ofori-Atta the petty criminal wanted by Interpol
IB 7 months ago

Lies upon lies

Lies upon lies
Kwesi 7 months ago

This says nothing to Ghanaians as 99% of the citizens do not know what credit ratings implies. Go out and explain this to the people.

This says nothing to Ghanaians as 99% of the citizens do not know what credit ratings implies. Go out and explain this to the people.

37 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Ghana's credit rating upgraded to 'B-' by Fitch following Eurobond restructuring

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (37)

Read Comments Comments (37)