Ghana Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
Ghana
Caa1
Stable
CCC+
Stable
B
Stable
NR
NR

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
Ghana
Okt. 10, 2025Moody'sCaStableCaa1Stable
Ghana
Juni 18, 2025FitchRDBStable
Ghana
Mai 09, 2025S&PSDCCC+Stable
Ghana
Feb. 21, 2023FitchCRD
Ghana
Dez. 21, 2022FitchCCC
Ghana
Dez. 20, 2022S&PCCNegativeSD
Ghana
Dez. 06, 2022S&PB-StableCCNegative
Ghana
Nov. 29, 2022Moody'sCaa2Under ReviewCaStable
Ghana
Sep. 30, 2022Moody'sCaa1StableCaa2Under Review
Ghana
Sep. 23, 2022FitchCCCCC
Ghana
Aug. 10, 2022FitchB-NegativeCCC
Ghana
Feb. 04, 2022Moody'sB3NegativeCaa1Stable
Ghana
Jan. 14, 2022FitchBNegativeB-Negative
Ghana
Juni 22, 2021FitchBStableBNegative
Ghana
Sep. 11, 2020S&PBNegativeB-Stable
Ghana
Apr. 30, 2020S&PBStableBNegative
Ghana
Apr. 17, 2020Moody'sB3PositiveB3Negative
Ghana
Jan. 24, 2020Moody'sB3StableB3Positive
Ghana
Sep. 14, 2018S&PB-PositiveBStable
Ghana
Okt. 06, 2017S&PB-StableB-Positive

Table Key

BewertungMoody'sS&PFitchDBRSScope Ratings
Prime (Triple A)
Aaa
AAA
AAA
AAA
AAA
High Grade
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Upper Medium Grade
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Lower Medium Grade
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Non-Investment Grade Speculative
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
Im Verzug mit wenig Aussicht auf Wiedergewinn
CD
RD
RD
In Verzug
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Nicht bewertet
NR
NR
NR
NR
NR
FAQ
Ghana’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Ghana’s credit risk.
This page lists the latest rating and outlook actions for Ghana, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Ghana's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Ghana ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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