Ghana's credit rating upgraded to Caa2 by Moody's due to debt restructuring and IMF-supported fiscal measures.

In October 2024, Moody's upgraded Ghana's credit ratings to "Caa2" from "Caa3" and "Ca," citing successful debt restructuring and a positive outlook for liquidity risk amid IMF-supported fiscal measures. Despite a 6.9% GDP growth in Q2 2024, experts warn that Ghana remains in "junk status" and needs ongoing reforms to ensure sustainable economic recovery and regain investor confidence after a significant debt crisis.

October 21, 2024
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