Ghana Sets Sights On Investment Grade Rating To Unlock Corporate Bond Market

Ghana is targeting an investment grade credit rating under its New Economy programme. The government seeks to lower borrowing costs and improve access to long term financing for businesses. The report was published on Monday, November 9, 2026 at 04:23am. The news has sparked huge interest among businesses. Many Ghanaians say cheaper loans will help companies grow.

According to a report by Citi Newsroom, Finance Minister Dr Cassiel Ato Forson spoke at a New Economy engagement in Accra. The report was published on Monday, November 9, 2026. The report said restoring macroeconomic stability is critical. The report said investor confidence is critical to reviving the domestic bond market.

Dr Forson said the government wants local companies to raise capital through corporate bonds. According to a report by Citi Newsroom, corporate bonds will give businesses long term financing. The report said businesses currently struggle to get long term loans. The report said an investment grade rating will lower borrowing costs.

Speaking at the engagement, Dr Forson recalled that Ghana 2022 debt default severely disrupted the domestic bond market. According to a report by Citi Newsroom, the Domestic Debt Exchange Programme also disrupted the market. The report said the disruptions restricted access to international financing for local banks. The report said Ghana is now rebuilding confidence.

In an interview with Ghana News Agency, an official of the Ministry of Finance said the New Economy programme focuses on production. The official said the programme will support manufacturing and agribusiness. He said the programme will create jobs for young people. He said the Ghana News Agency report shows that the government wants inclusive growth.

Speaking to Joy News, Dr Forson said stability alone is not enough. He said Ghana must turn stability into jobs and incomes. He said businesses must be able to borrow at lower rates. He said the Joy News interview shows that the budget will focus on productivity.

Madam Efua Mensah at Accra said she sells food at Accra Central Market every day. She said she wants a small loan to expand her stall. She said bank interest rates are still high. She said she hopes the new programme will help traders.

Mr. Kwame Boateng at Kumasi said he is a driver in Kumasi. He said drivers in Kumasi want to buy cars on credit. He said high interest makes loans difficult. He said he hopes investment grade rating will bring cheaper loans.

Mr. Ibrahim Musa at Tamale said he is a teacher in Tamale in the Northern Region. He said teachers in Tamale want businesses to grow. He said growing businesses will employ students. He said he hopes the corporate bond market will support local firms.

According to a report by Citi Newsroom, Ghana will present the 2027 Budget on Thursday, November 12. The report said Finance Minister Dr Forson will outline the New Economy Agenda. The report said the budget will focus on jobs, incomes and business growth. The report said the budget will detail the US 10 billion investment programme.

In an interview with Ghana News Agency, an official of the Bank of Ghana said macroeconomic indicators have improved. He said inflation has fallen from high levels. He said the economy grew by 6 per cent in 2025. He said the Ghana News Agency report shows that Ghana is on a recovery path.

The Ministry of Finance called on all Ghanaians to support the New Economy Agenda. The Ministry said the agenda will translate recovery into opportunities. The Ministry said businesses must prepare to use the bond market. The government asked all Ghanaians to support efforts to build a productive economy.

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