… However, Fitch’s upgrade of Ghana’s sovereign rating to ‘B’ from ‘B-’ with a Positive Outlook should provide some support to investor sentiment”, said Databank Research.
Bond market: Turnover falls by 46% to GH¢1.25bnGhana Minute.
Wednesday, 13 May 2026
Ghana’s news, on the hour · Est. 2026
Wednesday, 13 May 2026
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Ghanaian press · Organization
Fitch Ratings
International credit rating agency that assesses Ghana's sovereign debt and economic outlook, having upgraded Ghana's rating from B- to B in May 2026.
In coverage
Verbatim sentences from the source article.
- May 2026
Rating agency Fitch Ratings projects that the Ghanaian government could extend temporary measures introduced to cushion consumers against rising petroleum prices. …
Gov’t likely to extend fuel relief measures amid rising crude oil prices – FitchFitch Ratings, the American-British credit rating agency, has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from B- to B, with a Positive Outlook. …
Fitch upgrades Ghana’s credit rating to B with positive outlookGhana has received a strong vote of confidence from the international financial community following Fitch Ratings’ decision to upgrade the country’s sovereign credit rating from B- to B, with a Positive Outlook. …
Fitch upgrade: A testament to discipline and reformGhana’s gold sector remains a key driver of economic growth and external stability, Fitch Ratings has noted in its latest assessment. …
Gold sector strengthens Ghana’s growth and external position – FitchRatings agency, Fitch, says it anticipates the Bank of Ghana to remain prudent and pause its easing cycle to prevent inflation risks from materialising, after a cumulative 1,400 basis points monetary policy rate cut between July 2025 and March 2026, to 14%. …
BoG to pause policy rate easing cycle – FitchFollowing an upgrade in Ghana’s credit rating by Fitch to B- and a stable outlook, the government recorded an oversubscription of its treasury bills for the first time in two months. …
T-bills auction: Government records 80% oversubscription for first time in 2 months; interest rates mixedGhana’s sovereign credit profile has received a major boost after Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from B- to B, with a Positive Outlook, citing strong economic growth, sharp debt reduction, fiscal discipline, and rising intern …
Fitch upgrades Ghana’s credit rating amid global uncertainty, economic turbulence- April 2026
… She pointed to recent improvements in sovereign ratings, noting that Fitch Ratings has affirmed Ghana’s long-term rating at B- with a stable outlook, reflecting “growing confidence in the country’s reform trajectory”. …
UNDP warns Ghana over borrowing costs despite signs of recovery… Fitch Ratings has affirmed Ghana’s Long-Term rating at ‘B-’ with a stable outlook, reflecting growing confidence in the country’s reform trajectory and macroeconomic stabilisation. …
UNDP supports Ghana’s efforts to rebuild its creditworthiness
Business
Secondary bond market turnover falls 46% to GH¢1.25bn
The News
Secondary bond market aggregate turnover fell 46.60% week-on-week to GH¢1.25 billion, with the 2027-2030 maturity segment accounting for 88.77% of activity at a weighted-average yield of 11.25%. Analysts expect activity to remain concentrated in the front-to-belly segment ahead of the May 2026 MPC meeting, though Fitch's sovereign rating upgrade of Ghana should support investor sentiment.
18 hours ago · Joy Online →
Yesterday
Secondary bond market turnover falls 46% to GH¢1.25bn
Secondary bond market aggregate turnover fell 46.60% week-on-week to GH¢1.25 billion, with the 2027-2030 maturity segment accounting for 88.77% of activity at a weighted-average yield of 11.25%. Analysts expect activity to remain concentrated in the front-to-belly segment ahead of the May 2026 MPC meeting, though Fitch's sovereign rating upgrade of Ghana should support investor sentiment.
18 hours ago · Joy Online →
Fitch projects Ghana may extend fuel price relief measures
Rating agency Fitch Ratings projects that the Ghanaian government could extend temporary fuel relief measures introduced to cushion consumers against rising petroleum prices, if the fiscal cost remains below 0.1% of GDP per month and can be offset by savings elsewhere. Fitch said the government may be compelled to maintain the intervention because of the potential impact of rising fuel prices on inflation.
22 hours ago · Joy Online →
Monday 11 May
Fitch upgrades Ghana's credit rating to B with positive outlook
Fitch Ratings upgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating from B- to B with a Positive Outlook, citing a sharp decline in the public debt-to-GDP ratio, strong fiscal consolidation, cedi appreciation, and growth in international reserves. Ghana's public debt is projected to fall to 46 per cent of GDP next year, below the "B" median forecast of 51 per cent.
11 May 2026 · The Ghanaian Times →
Fitch upgrades Ghana's sovereign credit rating to B
Fitch Ratings upgraded Ghana's sovereign credit rating from B- to B with a Positive Outlook, citing strong economic growth, declining public debt, improved fiscal discipline, and rising international reserves as evidence of the country's recovery from debt restructuring and fiscal consolidation.
11 May 2026 · The Ghanaian Times →
Gold sector strengthens Ghana's growth and external stability
Fitch Ratings says Ghana's gold sector has driven economic growth and external stability through high global prices and increased output, boosting export earnings and international reserves. The agency projects Ghana's current account will remain in surplus in the near term, though it may narrow as import demand rises and commodity prices moderate.
11 May 2026 · Joy Online →
Sunday 10 May
Fitch expects BoG to pause rate cuts after 1,400 basis point reduction
Ratings agency Fitch anticipates the Bank of Ghana will pause its monetary policy easing cycle to prevent inflation risks, after cutting rates by a cumulative 1,400 basis points between July 2025 and March 2026 to 14%. Fitch upgraded Ghana's credit profile to B with a stable outlook, citing expectations of 5% average GDP growth through 2027 supported by gold mining and lower inflation.
10 May 2026 · Joy Online →
Government records 80% treasury bill oversubscription in two months
Following a Fitch credit rating upgrade to B- with a stable outlook, Ghana's government recorded an 80% oversubscription of treasury bills for the first time in two months, receiving GH¢7.8 billion in bids but accepting just above GH¢6 billion. Interest rates showed mixed movement across the yield curve, with the 91-day bill yield falling to 4.88% and the 364-day bill yield falling to 10.13%, while the 182-day bill yield rose to 7.03%.
10 May 2026 · Joy Online →
Saturday 9 May
Fitch upgrades Ghana's credit rating to B with positive outlook
Fitch Ratings upgraded Ghana's Long-Term Foreign-Currency Issuer Default Rating from B- to B with a Positive Outlook, citing strong economic growth, sharp debt reduction, fiscal discipline, and rising international reserves. The agency expects Ghana's public debt to decline to 46% of GDP by 2027 and international reserves to reach 4.8 months of external payments by the same year.
8 May 2026 · Joy Online →
Thursday 30 April
UNDP warns Ghana over high borrowing costs despite recovery signs
The United Nations Development Programme has warned Ghana that it must strengthen its sovereign credit profile to avoid high borrowing costs undermining long-term development, even as Fitch Ratings affirms the country's B- rating with a stable outlook following debt restructuring efforts. The UNDP noted Ghana faces a financing gap of 60 to 70 billion dollars by 2030 and has at times been forced to borrow at rates as high as 15 to 25 percent.
30 April 2026 · Joy Online →
UNDP and Japan support Ghana to rebuild credit rating
The UNDP, in partnership with Japan, has launched a Credit Rating Support Initiative to help Ghana strengthen its sovereign credit profile and restore investor confidence as it recovers from its 2022 debt default and transitions from its IMF programme. Fitch Ratings has affirmed Ghana's Long-Term rating at 'B-' with a stable outlook, though the country faces a projected financing gap of up to $70 billion by 2030.
30 April 2026 · Joy Online →