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 stable outlook. Fitch's credit rating for Ghana was last reported at B- with negative 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.


AgencyRatingOutlookDate
Moody'sCaa1 Stable Feb 04 2022
FitchB- Negative Jan 14 2022
FitchB Negative Jun 22 2021
S&PB- Stable Sep 11 2020
S&PB Negative Apr 30 2020
Moody'sB3 Negative Apr 17 2020
Moody'sB3 Positive Jan 24 2020
Analyst  Oct 17 2019
Analyst20 Oct 17 2019
Analyst20 Oct 10 2019
S&PB Stable Sep 14 2018
S&PB- Positive Oct 06 2017
FitchB Stable May 12 2017
Moody'sB3 Stable Sep 23 2016
Moody'sB3 Negative Mar 15 2015
S&PB- Stable Oct 24 2014
Moody'sB2 Negative Jun 27 2014
FitchB Negative Mar 28 2014
FitchB Negative Mar 28 2014
S&PB Negative Dec 06 2013
Moody'sB1 Negative Dec 05 2013
FitchB Stable Oct 17 2013
S&PB+ Stable Sep 04 2013
FitchB+ Negative Feb 15 2013
Moody'sB1 Stable Dec 20 2012
S&PB Stable Nov 29 2011
FitchB+ Stable Sep 24 2010
S&PB Stable Aug 27 2010
S&PB+ Negative Mar 16 2009
FitchB+ Negative Mar 03 2009
FitchB+ Stable Feb 07 2008
FitchB+ Positive Feb 01 2006
FitchB+ Stable Mar 17 2005
FitchB Positive Dec 02 2003