Ghana - Credit Rating

Standard & Poor's credit rating for Ghana stands at B- with stable outlook. Moody's credit rating for Ghana was last set at Caa1 with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Ghana thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Ghana as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	B-	Stable	Nov 07 2025
S&P	CCC+	Stable	May 09 2025
S&P	SD	N/A	Dec 20 2022
S&P	CC	Negative	Dec 06 2022
S&P	CCC+	Negative	Aug 05 2022
S&P	B-	Stable	Sep 11 2020
S&P	B	Negative	Apr 30 2020
S&P	B	Stable	Sep 14 2018
S&P	B-	Positive	Oct 06 2017
S&P	B-	Stable	Oct 24 2014
S&P	B	Negative	Dec 06 2013
S&P	B+	Stable	Sep 04 2013
S&P	B	Stable	Nov 29 2011
S&P	B	Stable	Aug 27 2010
S&P	B+	Negative	Mar 16 2009