Ghana’s Economy to See Further Upgrade – President Mahama Assures Japanese Businessmen
President John Dramani Mahama has expressed confidence that Ghana’s economy is on a steady upward trajectory, assuring Japanese authorities that international credit rating agencies are expected to upgrade the country’s economic outlook once again in the coming months.
Speaking during a meeting with Japanese government officials and investors, President Mahama highlighted Ghana’s remarkable progress in regaining international economic credibility. He noted that the country’s economy has already been upgraded from junk status to B- with a stable outlook, a development he described as a sign of restored investor confidence and prudent fiscal management.
Ghana’s Path to Economic Recovery
President Mahama emphasized that Ghana’s fiscal and structural reforms, coupled with strengthened institutions, are creating the conditions for sustainable growth. He assured investors that the government is committed to ensuring macroeconomic stability, enhancing revenue mobilization, and creating a business-friendly environment that encourages foreign direct investment (FDI).
He further stressed that Ghana’s improved credit rating has already started attracting new investment flows, particularly in infrastructure, energy, manufacturing, and digital innovation. According to him, this trajectory is proof that Ghana is once again becoming a reliable destination for global investment.
Strengthening Ties with Japan
President Mahama’s meeting with Japanese authorities forms part of Ghana’s broader diplomatic and economic strategy to deepen ties with Asian partners. He noted that Japan remains a key development partner to Ghana, particularly in technology, infrastructure, and capacity-building.
The President also called for enhanced trade partnerships, emphasizing that Ghana’s position as the gateway to West Africa presents unique opportunities for Japanese businesses seeking to expand into the African market.
Investor Confidence on the Rise
International market watchers have observed Ghana’s recent economic progress with optimism, pointing to improvements in inflation management, debt restructuring, and fiscal discipline. Analysts suggest that another upgrade by major credit rating agencies such as Fitch, Moody’s, or S&P could significantly lower borrowing costs for the government and private sector, boosting Ghana’s competitiveness on the global stage.
President Mahama assured that his administration will not relent in maintaining the fiscal discipline and policy consistency required to keep the economy on this growth path.
“The progress we have made is just the beginning. Ghana is back on track, and we are determined to build a resilient economy that provides opportunities for our people while assuring investors of stability and growth,” President Mahama declared.
